Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. House Democrats have said they would kill a right-wing effort to oust Republican Mike Johnson as the chamber’s Speaker, in a display of bipartisanship that comes after he defied members of his own party to
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Kansas Gov. Laura Kelly’s veto of expansive tax cut legislation barely fended off an override, which fell short by one vote in the Senate after easily passing the House. House Bill 2036, which cleared the Republican-controlled legislature in April with hefty majority votes, included changes to income, sales, and property taxes that would result in
The new bipartisan bill that would provide the Federal Aviation Administration with reauthorization and $105 billion in appropriations through 2028 would also provide $19.35 billion in airport infrastructure improvement grants to fund the nation’s 3,300 airports. The 1,069 page bill is the culmination of eight hearings over the last year or more and also authorizes
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The race to be the next first minister of Scotland and leader of the Scottish National party has whittled down to two likely candidates as the governing nationalists look set to see off an opposition
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has been found in contempt of court and fined $9,000 for repeatedly attacking potential witnesses and jurors in his Manhattan “hush money” case, in violation of a gag order imposed on the former
Lance Tyson has joined Greenberg Traurig, LLP’s Chicago public finance and infrastructure practice as counsel, bringing a broad range of experience representing and working for local governments. Having worked as chief of staff to the Cook County Board president and legislative counsel to then-Chicago Mayor Richard M. Daley, run for office as the Democratic Party’s
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The proportion of human beings living on the margin of subsistence is estimated to have fallen from close to 80 per cent in 1820 to just under 10 per cent in 2018. What makes this
As earlier threatened, the Food and Drug Administration (FDA) has just issued new rules that will significantly slow down the development of new diagnostic tests. Specifically, the agency requires that all laboratory-developed tests (LDTs) be submitted to its regulators before the tests can be offered to patients and physicians. As I explained earlier, LDTs are
On Friday, an Israeli airstrike in Gaza City killed the daughter and grandson of the prominent Palestinian poet Refaat Alareer, who was killed in an Israeli airstrike in December. Shaima Refaat Alareer died Friday along with her husband and 2-month-old son. Shaima had recently written a message on Facebook addressed to her late father, writing,
Southwest Airlines said it had launched a compensation program for flight delays as part of a $140 million Department of Transportation settlement over the carrier’s meltdown in December 2022 during a busy holiday travel period. Southwest in December 2023 agreed over three years to provide $90 million in travel vouchers of $75 or more to passengers delayed at least three
Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead with a bankruptcy deal that rejects a $650 million offer from co-founder and former owner Adam Neumann. During a hearing in Newark, NJ, US Bankruptcy Judge John Sherwood signed off on the
On Saturday, protesters rallied outside the White House Correspondents’ Association dinner in Washington, D.C. Protesters staged a die-in to honor the more than 140 journalists killed in Gaza during Israel’s assault. Protesters screamed “Shame on you” as journalists dressed in black tie attire entered the Washington Hilton. CodePink co-founder Medea Benjamin was violently thrown out
In the not-too-distant future, automatic emergency braking will have to come standard on all new passenger vehicles in the US, a requirement that the government says will save hundreds of lives and prevent thousands of injuries every year. The National Highway Traffic Safety Administration unveiled the final version of the new regulation on Monday and
Enjoy complimentary access to top ideas and insights — selected by our editors. Bond counsel in the first quarter of 2024 handled a combined $98.894 billion across 1,580 bond issues, up from $74.397 billion in 1,387 transactions this time last year. The top 10 bond counsel saw some shuffling and welcomed two new entrants. The
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain
In the next several months, state and local governments, along with other tax-exempt organizations, are going to start to receive payments from the Federal government to help offset the cost of investments they have made electric vehicles or solar panels or charging stations. When they do, it will mark not just a milestone in the
A Redfin sign in front of a home for sale in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. Home prices in February jumped 6.4% year over year, another
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There are three things that Joe Biden cannot shake off: his Secret Service guards, his own shadow and the phrase “ . . . since Lyndon Johnson”. He is described as the most consequential Democratic president since Lyndon Johnson.
Texas voters will decide Saturday on 270 bond propositions totaling $17.4 billion, which marks a drop in debt requests compared to the last two years. The proposed debt authorizations sought by schools, cities, and other issuers are down from the state’s biannual bond elections since November 2022 that all topped $20 billion, according to Texas
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK mortgage approvals hit their highest for 18 months in March, according to official figures that suggest the property market is continuing to recover despite recent rises in quoted rates. Net mortgage approvals rose to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Quitting while ahead makes sense when things start looking tough. The surprise announcement of HSBC chief executive Noel Quinn’s departure on Tuesday comes as investor sentiment towards China has weakened. Quinn, who took the top
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