Politics and Government

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President Barack Obama.

President Obama will announce a sweeping change to the nation’s overtime pay law, dramatically expanding the number of people who will qualify for increased pay after working more than 40 hours in a week. The proposed rule, first reported by Politico, will raise the threshold for guaranteed overtime pay from a salary of $23,660 to …

SCOTUS overturns EPA rule

The Supreme Court dealt a major blow to the Obama administration by overturning a landmark EPA air pollution rule.

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The U.S. Supreme Court Building in Washington.

The U.S. Supreme Court ruled on Monday that the Obama administration failed to consider costs when deciding to regulate mercury pollution from power plants. (Tweet this) In a 5-4 ruling, the court ruled that the U.S. Environmental Protection Agency must consider costs before deciding whether regulation is appropriate and necessary. Coal stocks, including Consol Energy …

Historic day at the Supreme Court

The Supreme Court gives same-sex couples the right to marry and that could have implications for business.

Charles Platiau | Reuters
The vertical garden (Vegetal Wall) is shown in the courtyard of the Pershing Hall hotel in Paris.

Lawmakers grilled Department of Veterans Affairs leaders this week about a budget shortfall of $2.6 billion to $2.7 billion at the beleaguered agency, and some congressmen have begun to call on the VA to sell assets. (Tweet This) Chairman of the House Committee on Veterans Affairs Jeff Miller, Republican of Florida, said at the agency’s …

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The Supreme Court of the United States ruled on Friday that same-sex couples have the right to marry. (Tweet This) The Court ruled 5-to-4, with Justices John Roberts, Antonin Scalia, Clarence Thomas and Samuel Alito dissenting. All four dissenting Justices wrote their own separate dissents. Justice Anthony Kennedy, thought to be the swing vote on …

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Affordable Care Act supporters hold up signs outside the Supreme Court as they wait for the court's decision on Affordable Care Act on Thursday, June 25, 2015.

The Affordable Care Act just survived a potentially fatal heart attack. In a major decision, the Supreme Court on Thursday ruled 6-3 that the federal subsidies that help nearly 6.4 million people pay for their Affordable Care Act health plans are legal under the Affordable Care Act. The ruling avoids what many analysts predicted would be a …

One-on-one with Pelosi

Nancy Pelosi sat down with John Harwood to discuss the decision to oppose the president on his trade proposal.

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House Minority Leader Nancy Pelosi and fellow Democrats last week handed President Barack Obama the worst intraparty defeat of his administration. They joined Republicans to block legislation that would smooth the path for the Trans-Pacific Partnership, a trade deal among a dozen nations that is the centerpiece of the president’s foreign policy “pivot” to Asia. …

What’s next for the trade bill

A stunning setback for the President and the push to expand his trade negotiating power, but the fight is far from over.

Export-Import Bank beneficiaries

The Export-Import Bank’s charter expires at the end of the month and that’s a big deal to big business.

Overtime boost coming?

Will millions of Americans become eligible for overtime pay?

Adam Jeffery | CNBC
IRS Form 990

In September, amid his rant-gone-viral about the spuriousness of the Miss America pageant’s college scholarship program, HBO’s “Last Week Tonight” host John Oliver summoned a stack of IRS 990 forms. “We’ve had a weird week,” Oliver cracked, as he plunked down the papers on his fake news desk, indicating that it had included much time …

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The U.S. Capitol building

President Barack Obama’s push for fast-track trade promotion authority (TPA) cleared a critical hurdle in the Senate this week paving the way for likely final passage there next week. But the president’s push faces a much steeper—and perhaps insurmountable—obstacle in the House, where an odd coalition of tea party Republicans and liberal Democrats could block …

Hillary Clinton continues her presidential announcement listening tour this week with stops in New Hampshire, site of her 2008 primary victory. But staffers back at Brooklyn campaign headquarters will be looking to knock down claims in a new book alleging Clinton did favors while at the State Department for big donors to her family’s foundation …