US readies largest security package for Ukraine, bringing commitment to $9.8 billion

Ukraine was already stocking up on US-made Javelins before Russia invaded. Here a group of Ukrainian servicemen take a shipment of Javelins in early February, as Russia positioned troops on Ukraine’s border. Sergei Supinsky | AFP | Getty Images WASHINGTON – The Biden administration announced a $1 billion security assistance package for Ukraine on Monday, … Read more

Reconciliation bill includes nearly $80 billion for IRS funding

Charles P. Rettig, commissioner of the Internal Revenue Service, testifies during the Senate Finance Committee hearing titled The IRS Fiscal Year 2022 Budget, in Dirksen Senate Office Building in Washington, DC, June 8, 2021. Tom Williams | Pool | Reuters Senate Democrats on Sunday passed their climate, health and tax package, including nearly $80 billion … Read more

5 things to know before the stock market opens Monday, August 8

A trader works on the floor at the New York Stock Exchange (NYSE), New York, August 3, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Stocks look for momentum US equities markets were on track to open higher Monday morning after three … Read more

One year after Afghanistan, spy agencies pivot toward China

WASHINGTON (AP) — In a recent closed-door meeting with leaders of the agency’s counterterrorism center, the CIA’s No. 2 official made clear that fighting al-Qaida and other extremist groups would remain a priority — but that the agency’s money and resources would be increasingly shifted to focusing on China. The CIA drone attack that killed … Read more

Senate vote on tax and climate bill: Live updates

WASHINGTON (AP) — Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warmingmoderating pharmaceutical costs and taxing immense corporations. The estimated $740 billion package heads next to the House, where lawmakers … Read more

Biden steps out of the room and finds legacy-defining wins

WASHINGTON (AP) — Over five decades in Washington, Joe Biden knew that the way to influence was to be in the room where it happens. But in the second year of his presidency, some of Biden’s most striking, legacy-defining legislative victories came about by staying out of it. A summer lawmaking blitz has sent bipartisan … Read more

Biden leaves White House for 1st time since getting COVID-19

REHOBOTH BEACH, Del. — Ending his most recent COVID-19 isolation, President Joe Biden on Sunday left the White House for the first time since becoming infected with the coronavirus last month, settling in for a reunion with first lady Jill Biden in their home state of Delaware. The president tested negative Saturday and Sunday, according … Read more

Large Indiana employers Eli Lilly and Cummins speak out about the state’s new restrictive abortion law

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Drugmaker Eli Lilly, one of the biggest employers in Indiana, said that the state’s newly passed law restricting abortions will cause the company to grow away from its home turf. … Read more

Democrats’ big package: What remains in and what’s out?

WASHINGTON (AP) — It’s nowhere near the $4 trillion President Joe Biden first launched proposal to rebuild America’s public infrastructure and family support systems but the compromise package of inflation-fighting health care, climate change and deficit reduction strategies appears on track toward Senate votes this weekend. The estimated $740 billion proposal, struck by two top … Read more

Sinema made Schumer cut carried interest piece of reconciliation bill

US Senate Majority Leader Chuck Schumer (D-NY) holds his weekly news conference after the Democratic caucus party luncheon at the US Capitol in Washington, August 2, 2022. Jonathan Ernst | Reuters Senate Majority Leader Chuck Schumer said Friday that Democrats had “no choice” but to drop a key tax provision from their major spending bill … Read more