The House passed Speaker Nancy Pelosi’s (D-CA) $3 trillion, 1,815-page phase four coronavirus legislation on Friday. The House passed H.R. 6800, the Heroes Act, with 208 votes in favor of the bill and 199 votes against the measure. Before the vote, House Democrats blocked Rep. Denver Riggleman’s (R-VA) motion to recommit. The motion, if passed…
White House officials are talking to Intel and TSMC about building semiconductor foundries in the United States, according to a Wall Street Journal report. U.S. tech companies and the government have been trying to reduce the country’s dependence on chip factories in Asia for years, underscored by national security concerns, the U.S.-China tariff war and…
Amazon is in hot water with a powerful congressional committee interested in the company’s potentially anticompetitive business practices. In a bipartisan letter sent Friday to Jeff Bezos, the House Judiciary committee demanded that the Amazon CEO explain discrepancies between his own prior statements and recent reporting from The Wall Street Journal. Specifically, the letter addressed…
The Michigan House of Representatives declined to extend Gov. Gretchen Whitmer’s state of emergency another 28 days, and instead voted on Thursday to sue her. Whitmer’s initial state of emergency order, which is separate from the stay-at-home order, expires on Thursday and requires legislative action to be lengthened. Negotiations on that front fell apart on…
The House passed legislation on Thursday that would extend aid to small businesses and hospitals after Democrats waited two weeks to pass the legislation during the coronavirus outbreak. The House passed Senate Amendment 1580 to H.R. 266, which would extend aid to small businesses, hospitals, and additional coronavirus testing. The House voted overwhelmingly for the…
On Thursday, the House passed the newest federal stimulus package aimed at providing financial relief for businesses and institutions hit hard by the COVID-19 crisis. The bill lingered in the Senate for two weeks of debates, with Republicans seeking to pass a less comprehensive version of the legislation and Democrats working to weave other funding…
The market cap of Netflix, which is just a little over two decades old, is now greater than that of Walt Disney, which is nearly a century old. Amid the coronavirus pandemic, Netflix’s subscriber numbers have swelled. Netflix is a Wall Street darling right now. There’s a new phrase on Wall Street–‘stay-at-home’ stocks. And Netflix…
Rep. Guy Reschenthaler (R-PA) on Tuesday introduced a resolution demanding Congress withhold funding from the World Health Organization (WHO) until its Director-General, Dr. Tedros Adhanom Ghebreyesus (pictured), resigns from his post. The measure, which is co-sponsored by over 20 Republicans, also calls for a wide-ranging investigation into WHO’s alleged role in assisting the Chinese Communist Party cover…
The international community has struggled for decades to formalize rules regarding the collection and use of resources in space and on the Moon. While the U.S. and all spacefaring countries declined to endorse the most famous attempt, the 1979 “Moon Treaty,” the new Moon race has spurred the White House to announce it is open…
With the national stockpile of inventory of life-saving healthcare equipment getting dangerously close to zero, President Trump on Thursday signaled that he will leverage a key national security provision to order additional companies to produce ventilators. Trump’s reluctance to employ the law known as the Defense Production Act (DPA) has puzzled many as the administration…
