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Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story DOJ ends Fed renovations, Powell investigation The Department of Justice (DOJ) announced Friday it was dropping its criminal investigation into Federal Reserve Chair Jerome Powell and his handling of renovations at the central bank. © AP The announcement...

Camp Mystic, where 27 people died during a flash flood last summer, submitted an inadequate emergency plan proposal, the Texas Department of State Health Services (DSHS) informed directors Thursday. The Texas summer camp is facing several legal challenges and investigations but said it intended to reopen in May. In a letter first reported by Quorum...

{beacon} Technology Technology   The Big Story Soldier’s arrest in alleged prediction market bet spotlights risks for military The arrest of a U.S. soldier accused of using classified information to place a bet on Polymarket on the capture of Venezuelan President Nicolás Maduro is stoking new fears over how betting markets could threaten national security in...

{beacon} Energy & Environment Energy & Environment   The Big Story Jones Act waiver extended in bid to lower fuel prices The Trump administration announced on Friday it was issuing a 90-day extension to its waiver of the Jones Act, which requires shipping between U.S. ports to be conducted by American ships, in an effort to...

Click in for more news from The Hill {beacon} Health Care Health Care   The Big Story Insurers step up prior authorization reforms Major health insurance companies on Friday said they were accelerating efforts to streamline prior authorization requirements and reduce administrative burdens for providers. © Getty Images The commitment was signed by about 50 companies,...

Interior Secretary Doug Burgum shared an update Friday of the ongoing installation of an “American flag blue” floor in the Lincoln Memorial Reflecting Pool. “Renovations are underway!” Burgum wrote in a post on the social platform X, alongside a picture of workers applying the new blue base to the pool. The secretary thanked President Trump...

Rep. Maxwell Frost (D-Fla.) said Thursday that he was appalled by a report about the death of 31 sloths that died under the care of Sloth World, a tourist attraction in Orlando, Fla., that wasn’t yet opened to the public. The sloths were from South American rainforests and perished in storage warehouses between December 2024...

Maine Gov. Janet Mills (D) announced Friday she has vetoed legislation that would have banned the development of large-scale data centers in the state for the next year-and-a-half, issuing a blow to the local anti-data center push growing across America. Mills, who is running for the U.S. Senate, wrote in a letter Friday to the...

The arrest of a U.S. soldier accused of using classified information to place a prediction market bet on the capture of Venezuelan President Nicolás Maduro is stoking new fears over how betting markets could threaten national security in high-stake situations.  Lawmakers have raised concerns for months over the legal and ethical dangers surrounding prediction markets, and...

The Department of Justice (DOJ) on Friday said it will bring back the use of firing squads and electric chairs for some death penalty cases, as well as "readopting" the use of lethal injections as used during the first Trump administration. Department officials said in a statement that bringing back these manners of execution "are...

America is celebrating its 250th birthday this July 4, and the White House has released a full itinerary of events to commemorate this momentous occasion. Several federal agencies have already kicked off events and ongoing programs associated with the anniversary celebrations. The next major event is a prayer gathering on the National Mall in May,...

White House press secretary Karoline Leavitt on Friday sought to signal that the legal pressure was not off Federal Reserve Chair Jerome Powell, despite the Justice Department dropping its investigation into his handling of renovations at the central bank. Leavitt said "the case is not necessarily dropped," pointing to a statement released by Jeanine Pirro,...

King Charles III is expected to meet with New York City Mayor Zohran Mamdani (D) next week as part of the king's trip to the U.S., The Hill confirmed Friday. The two leaders will meet for a wreath-laying ceremony at the 9/11 Memorial & Museum on Wednesday. Politico reported that former New York Mayor Michael...

A bipartisan group of senators led by Sens. Ruben Gallego (D-Ariz.) and Chuck Grassley (R-Iowa) pushed back on President Trump’s decision to loosen sanctions on Russian oil amid a global shortage of oil supplies by introducing legislation to restore congressional oversight of U.S. sanctions on Russia. Gallego and Grassley’s No Oil Profits for Enemies (NOPE)...