The court upholds the $64 million penalty, holding the former CEO liable for price gouging and fraud. The Supreme Court declined to hear an appeal filed by former…
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Dock Workers Union Extends Contract Through Mid-January
Parties will continue to negotiate outstanding details. The International Longshoremen’s Association (ILA) agreed late Thursday to extend its contract with the United States Maritime Alliance (USMX). “The union…
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USDA Awards $35 Million for Independent Meat Processors’ Expansion
The funding will construct new facilities, create 1,200 new jobs. The U.S. Department of Agriculture (USDA) is awarding $35 million to expand the processing capacity of 15 independent…
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Federal Reserve Board Cuts Prime Rate 50 Basis Points
The central bank was motivated by the change in the employment rate, among other factors. The Federal Reserve cut interest rates by half a point on Wednesday, an…
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HUD Announces Investment in Energy-Efficiency for Low-Income Housing
The funding will be distributed to renovate 4,260 homes on 32 properties. The Department of Housing and Urban Development (HUD) is distributing $19 million to 32 low-income housing…
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Energy Department Purchases Four Million Barrels for Petroleum Reserve
Energy secretary says the department is “maintaining the readiness of the world’s largest Strategic Petroleum Reserve.” The Department of Energy (DOE) announced that it purchased 4.65 million barrels…
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HHS Issues Final Guidance for Medicare Prescription Payment Plan
New initiative to ease out-of-pocket drug costs and cap annual expenses at $2,000 for Medicare beneficiaries by 2025. The Department of Health and Human Services (HHS), through the…
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President Proposes Plan to Curb Corporate Landlord Pricing
He urges Congress to support legislation to cap annual rate increases at 5 percent. This week, President Joe Biden proposed a legislative plan that would have to be…
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FCC Urges Congress to Renew Pandemic-Era Internet Program
The Affordable Connectivity Program funding has expired. The Federal Communications Commission has called on Congress to renew funding for a low-cost internet connectivity program instituted during the COVID-19…
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Energy Department Selects 13 Energy Repair Projects
The agency distributes $25 million in the second round of funding through the Weatherization Assistance Program. The Department of Energy announced that 13 projects have been selected to…
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