Category: Business

Several Democratic lawmakers are demanding answers following a report that a White House official intervened to grant a $620 million Pentagon loan to a company linked to President Trump’s eldest son. “We write to demand a full explanation for what appears to be an egregious example of Trump administration corruption involving the White House delivering…

The Army has identified the American soldier who died Sunday, along with a British Army soldier, during a military training accident in Iraq. Sgt. Devin A. Seibel, 26, of Robinson, Texas, died on May 31 at Erbil Airbase in what the Pentagon called a “training-related incident,” according to a statement released late Wednesday. Seibel was…

Jill Biden is responding to criticism from at least one Democrat who worked in her husband’s administration, saying that her new memoir could be unnecessarily igniting a “painful conversation” for the party and urging any detractor to call her and “say it to my face.” The former first lady appeared before a sold-out crowd at…

Rising youth unemployment rates since the 2020 pandemic may be tied to a trend in remote work, the New York Federal Reserve Bank said in an analysis published on Monday. In the report, the regional Fed bank cited census data showing a 20 percent increase in the jobless rate among college graduates under 29, from…

NASA on Wednesday announced that its Mars Atmosphere and Volatile Evolution (MAVEN) orbiter mission has ended, almost half a year after scientists last heard from the spacecraft. All systems were working normally before MAVEN’s passage behind Mars in December, the space agency said in a statement. NASA’s Deep Space Network was unable to find a…

The head of CBS News told staff on Wednesday that the network’s decision to fire a longtime “60 Minutes” correspondent involved a breach of trust, according to an audio transcript of an editorial call reported by The New York Times. “I’m only interested in working in a newsroom that is built on trust and mutual…

OpenAI CEO and co-founder Sam Altman tried to distance himself from the artificial intelligence industry’s massive lobbying efforts this cycle as scrutiny mounts over the millions of dollars the sector is throwing into the midterms. Shortly after meeting with lawmakers on Capitol Hill on Wednesday, Altman was asked about OpenAI’s involvement in primaries across the…

A new economic outlook released Wednesday indicates that a prolonged disruption of energy supplies resulting from the war in Iran would deliver a severe blow to the global economy, likely causing countries to slip into recession and leading to increased unemployment. The Organization for Economic Cooperation and Development (OECD) described the conflict’s impact as the…

Residents of some states are projected to see greater Social Security check cuts than others, the report says.

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Inside the The Hill’s Invest in America event The Hill held its second annual Invest in America Summit on Wednesday, as lawmakers, regulators and industry leaders spoke about how the U.S. economy is changing and keeping…