The Supreme Court agreed Friday to take up a case asking the Federal Reserve to lower the cap on debit card “swipe fees.” An amendment by Sen. Dick Durbin (D-Ill.) to the 2010 Dodd-Frank Act directed the Fed to set a “reasonable” cap on fees that banks charge merchants each time a customer swipes a...
The Energy Department issued its final efficiency rules for residential furnaces on Friday, which it projects will save Americans over $1.5 billion in heating expenses per year. The updated standards are set to take effect by the end of 2028. In November 2020, the Natural Resources Defense Council sued the Trump administration over missing a...
The White House is raising the alarm on escalating tensions between Kosovo and Serbia after a series of violent clashes in the Balkans over the past few months that are threatening to spiral out of control. National Security Council spokesperson John Kirby on Friday said a shootout last weekend that left four people dead in...
The U.S. Navy in November will start randomly drug testing special operations forces for steroids amid concerns about recruits and servicemembers looking to boost their capabilities during training. The Navy said in a release that starting in November, every month it will randomly test up to 15 percent of its special forces in the Naval...
More than two decades after his death, a suspect has been arrested in connection with the murder of Tupac Shakur. The Las Vegas Metropolitan Police Department (LVMPD) arrested Duane “Keffe D” Davis on Friday as part of its long-running investigation into Shakur’s unsolved 1996 slaying, officials announced. The Associated Press was first to report news of...
House Minority Leader Hakeem Jeffries (D-N.Y.) said Friday the “only way forward” amid the looming government shutdown is for the House to vote on the Senate’s bipartisan continuing resolution — a move Speaker Kevin McCarthy (R-Calif.) ruled out earlier this week. The ultimatum came minutes after a coalition of conservatives tanked the House GOP’s stopgap bill,...
The teenager responsible for the 2021 school shooting that left four students dead in Michigan is eligible for life in prison without parole, a judge ruled Friday. Ethan Crumbley, who was 15 at the time of the Oxford High School shooting, pleaded guilty to 24 charges — including terrorism and first-degree murder — in October....
House Republicans are letting loose with criticism of their GOP colleagues who voted against the conference’s short-term funding bill with just a day and a half until a government shutdown. “There are 21 Republicans who just voted to defund the United States military and keep the border open,” said Rep. Derrick Van Orden (R-Wis.). “They...
The United States lost its once-dominant position in semiconductor research and manufacturing thanks largely to shortsighted policy decisions. Thankfully, Congress, rightfully alarmed over the potential economic and national security implications, passed last year's bipartisan CHIPS Act — which invested $52 billion in domestic semiconductor research and manufacturing — to regain a foothold. And yet, when it comes...
Treasury Secretary Janet Yellen said Friday that a government shutdown could have negative effects on various programs for small businesses and children.