Biden Extends Pause on Federal Student-Loan Payments Through August
WASHINGTON—President Biden on Wednesday extended through Aug. 31 the pause on payments of federal student loans, setting up a politically...
Legislative Branch
Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine
WASHINGTON—President Biden on Monday released a $5.8 trillion budget that envisions a substantial increase in U.S. defense spending, a sign...
Student-Loan Freeze Saves Borrowers Nearly $200 Billion as Biden Considers Extension
Around 37 million federal student-loan borrowers were spared $195 billion in loan payments since the government froze their payments at...
Sen. Joe Manchin Signals Opposition to Sarah Bloom Raskin for Fed Post
WASHINGTON—A key Democrat came out against Sarah Bloom Raskin’s nomination to become the Federal Reserve’s top banking regulator, likely dashing...
House Passes $1.5 Trillion Omnibus Package That Includes Aid for Ukraine
WASHINGTON—The House passed a $1.5 trillion spending bill that includes emergency aid for Ukraine, after Democratic leaders stripped out a...
Negotiators Try to Complete Omnibus Spending Bill With Ukraine, Covid-19 Aid
WASHINGTON—House Democratic leaders said they plan to hold a vote Wednesday on a bill to fund the federal government for...
Biden Bans Imports of Russian Oil, Natural Gas
The U.S. is banning imports of Russian oil, President Biden said, targeting the lifeblood of Moscow’s economy as the West...
Some Lawmakers Want to Halt Gas Tax Amid High Inflation. Others See a Gimmick
WASHINGTON—A push by some Senate Democrats to suspend the federal gasoline tax is running into opposition from both Republicans and...
Senate Republicans Block Vote on Biden’s Fed Nominees
WASHINGTON—Senate Republicans refused to attend a crucial committee vote on President Biden’s nominees to the Federal Reserve over a disagreement...
Raskin Faces Senate Questions Over Views on Climate Change, Regulations
Sarah Bloom Raskin, President Biden’s nominee to become the government’s top bank regulator, defended her views on using financial regulation...
Sarah Bloom Raskin Faces Senate Questions Over Climate Views
WASHINGTON— Sarah Bloom Raskin, President Biden’s pick to become the government’s most influential bank regulator, could face a contentious hearing...
Chip Shortage Leaves U.S. Companies Dangerously Low on Semiconductors, Report Says
WASHINGTON—U.S. manufacturers and other companies that use semiconductors are down to less than five days of inventory for key chips,...
Senate Panel Approves Antitrust Bill Restricting Big Tech Platforms
WASHINGTON—A Senate panel approved antitrust legislation forbidding the largest tech platforms from favoring their own products and services over competitors’,...
Biden Taps Economists Lisa Cook, Philip Jefferson for Fed Seats
President Biden will seek to fill two seats on the Federal Reserve’s Board of Governors with academic economists Lisa Cook...
Facebook’s Pushback: Stem the Leaks, Spin the Politics, Don’t Say Sorry
The day after former Facebook employee and whistleblower Frances Haugen went public in October, the company’s team in Washington started...
WSJ News Exclusive | Biden Eyes Raskin as Top Fed Banking Regulator
President Biden is considering Sarah Bloom Raskin for a top role at the Federal Reserve as part of a slate...
Democrats’ $2 Trillion Package Stalls as Manchin Talks Make Little Headway
WASHINGTON—Democrats braced for weeks of delay and uncertainty on their roughly $2 trillion education, healthcare and climate package they had...
House Approves Increase in Debt Ceiling, Sending Measure to Biden
WASHINGTON—Congress passed a measure raising the government’s borrowing limit by $2.5 trillion, sending to President Biden’s desk legislation that is...
Centrist Senate Democrats Signal Opposition to Biden Banking Nominee
WASHINGTON—A group of Senate Democrats have privately voiced their opposition to President Biden’s nomination of Saule Omarova to become a...
Tax Plan Inflames Democratic Debate in Senate Over Biden’s $2 Trillion Spending Bill
WASHINGTON—House passage of Democrats’ $2 trillion education, healthcare and climate package has inflamed an intraparty debate about whether the bill...
