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Five takeaways from the fusion energy breakthrough The Biden administration has announced a breakthrough on nuclear fusion, fueling hopes of further progress toward clean energy. Nuclear fusion — the process in which atoms are fused together to create energy — has long been studied as a potential power source. But various hurdles have prevented the reaction…
FTX hearing: 6 big revelations from House panel questioning The first House hearing on the collapse of FTX didn’t have the company’s disgraced founder and former CEO, Sam Bankman-Fried, who was arrested on the eve of his highly anticipated testimony. But lawmakers still drew crucial revelations about the company’s demise from John J. Ray III,…
FTX founder Sam Bankman-Fried arrested in Bahamas The founder and former CEO of the bankrupt cryptocurrency platform FTX, Sam Bankman-Fried, was arrested Monday in the Bahamas and will be indicted in the U.S. as soon as Tuesday morning, according to U.S. and Bahamian authorities. The attorney general for the Bahamas said in a statement Monday that…
Cárdenas spotlights his track record as he angles for DCCC chair appointment As election day drew near in November, Rep. Tony Cárdenas (D-Calif.) was focused on supporting Democratic candidates in tough districts, but he had another priority on the back burner: a second run at leading the House Democrats’ campaign arm. In 2020, Cárdenas was…
Gallego, potential Arizona Senate hopeful, hits Sinema after party switch Rep. Ruben Gallego (D-Ariz.) on Friday slammed newly minted Independent Sen. Kyrsten Sinema (Ariz.) following her decision to leave the Democratic Party, saying she is “putting her own interests” ahead of Arizona voters with the move. “Last month, the voters of Arizona made their voices…
Seven hard-line House Republicans lay out Speaker demands amid McCarthy opposition A group of seven hard-line conservative House Republicans who have withheld support from House Minority Leader Kevin McCarthy’s (R-Calif.) bid for Speaker laid out a list of demands for the House they expect from a Speaker. The letter does not specifically mention McCarthy, but…
Labor costs point to corporate profit as main inflation driver The continued drop in labor costs has economists pointing to private sector profits as a main driver of inflation, undercutting arguments from the Federal Reserve regarding its plan to bring down consumer prices that remain around 40-year highs. Unit labor costs, which are measured by…
House passes annual defense funding bill The House on Thursday passed the annual defense authorization bill, sending the mammoth, $847 billion measure to the Senate for consideration ahead of the year-end deadline. The National Defense Authorization Act (NDAA) passed in a bipartisan 350-80 vote. It was approved under suspension of the rules, an expedited process…
Lawmakers face closing window to pass landmark bipartisan marijuana bill Lawmakers are facing a rapidly closing window to get key marijuana legislation across the finish line in the lame-duck session. Despite fetching broad bipartisan support in the House and Senate, opposition from GOP leadership and a tightening timeline is chipping away at the bill’s chances…
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