Latest Government regulations News

Environmentalists urge US to plan 'phasedown' of Alaska's key oil pipeline amid climate concerns

Jun. 12, 2024 17:51 PM EDT

JUNEAU, Alaska (AP) — Environmental groups on Wednesday petitioned the U.S. Department of Interior to review climate impacts related to the decades-old trans-Alaska pipeline system and develop a plan for a “managed phasedown” of the 800-mile (1,287-kilometer) pipeline, which is Alaska's...

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Jun. 12, 2024 17:40 PM EDT

WASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers' forecast for one rate cut was down from...

Stock market today: Wall Street climbs on hopes for coming cuts to interest rates

Jun. 12, 2024 17:14 PM EDT

NEW YORK (AP) — U.S. stocks climbed Wednesday following a surprisingly encouraging update on inflation and a reassurance that the Federal Reserve still sees a cut to interest rates as likely this year. The S&P 500 added 0.9% to its all-time high set a day earlier. The Nasdaq...

Senators blast health and law enforcement officials over illegal e-cigarettes used by teens

Jun. 12, 2024 16:44 PM EDT

WASHINGTON (AP) — Senators on Wednesday blasted top health and law enforcement officials for not doing more to combat the rise of illegal electronic cigarettes in the U.S., a multibillion-dollar business that has flourished amid haphazard enforcement. Democrats and Republicans on...

US inflation cooled in May in a sign that price pressures may be easing

Jun. 12, 2024 15:56 PM EDT

WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its...

Text of the policy statement the Federal Reserve released Wednesday

Jun. 12, 2024 14:44 PM EDT

WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained...

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Jun. 12, 2024 14:05 PM EDT
WASHINGTON (AP) — Federal Reserve sees some progress on inflation but envisions just one rate cut this year.

Supreme Court has a lot of work to do and little time to do it with a sizable case backlog

Jun. 12, 2024 08:37 AM EDT

WASHINGTON (AP) — The Supreme Court is headed into its final few weeks with nearly half of the cases heard this year still undecided, including ones that could reshape the law on everything from guns to abortion to social media. The justices are also still weighing whether former President Donald...

Stock market today: Asian shares are mostly lower ahead of Fed decision on interest rates

Jun. 12, 2024 01:01 AM EDT

BANGKOK (AP) — Shares were mostly lower Wednesday in Asia ahead of a decision by the Federal Reserve on interest rates. In Japan, higher inflation and falling wages raised questions about how the central bank can navigate away from near-zero interest rates. The Bank of Japan will...

Researchers find higher levels of dangerous chemical than expected in southeast Louisiana

Jun. 11, 2024 18:05 PM EDT

NEW ORLEANS (AP) — Researchers using high-tech air monitoring equipment rolled through an industrialized stretch of southeast Louisiana in mobile labs and found levels of a carcinogen in concentrations as much as 20 times higher than previously estimated, according to a paper published Tuesday in...