Politics and Government

Goldman Sachs gets grilled on aluminum prices

Lawmakers go after Goldman Sachs, accusing it of manipulating the prices of aluminum.

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The Democrat-controlled Senate failed to gather the 60 votes it needed to approve the construction of the Keystone XL pipeline. The Senate’s 59-41 vote Tuesday night was a nail-biter to the end. The Keystone XL pipeline project has been at the center of a major political debate since 2008 when TransCanda applied for permission to …

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Republican efforts to limit the power of the Federal Reserve are expected to gain traction in 2015, when the GOP takes majority control of the Senate after midterm election victories. “For sure, the scrutiny on both the regulatory and the monetary side will be turned up a notch in the Senate compared to what it …

Elizabeth Schulze | CNBC
Crews from Enbridge Energy Partners inspect a crude oil pipeline in Thief River Falls, Minn.

The U.S. House of Representatives has passed a bill that would authorize construction of the controversial Keystone XL pipeline from Canada. In a vote fraught with politics and overshadowed by the Louisiana Senate runoff, the Republican-led House approved the pipeline by a wide margin, with 31 Democrats joining 221 GOP members to pass the bill. …

Veterans Affairs chief announces restructuring

Veterans Affairs secretary Robert McDonald rolled out a new plan to clean up the beleaguered agency.

Net neutrality debate

President Obama took a firm stand on an open and free internet, which sent shares of cable companies down.

GOP congress and the economy

What will Republican controlled senate mean for the U.S. economy and the Federal Reserve?

After midterm elections, what will get done?

Democrats and Republicans say they will work together. What are the odds Washington will actually get work done on issues important to business?

Post-midterm markets

Dominic Chu tells us the three sectors that may have the most to gain from a Republican controlled Senate.

Shannon Stapleton | Reuters
U.S. Senator Mitch McConnell (R-Ky.) during his election night victory rally with his wife, former United States Secretary of Labor Elaine Chao.

The Republican breakthrough in midterm elections represents a major setback for President Barack Obama and changes the outlook for action in Washington on issues important to business and the economy. New Senate Majority Leader Mitch McConnell, himself re-elected easily in Kentucky, will command at least 52 seats when the next Congress convenes in January. That …

Linda Davidson | The Washington Post | Getty Images
David Guard verifies a customer's identity before allowing him to purchase medical marijuana at Capital City Care in Washington, D.C.

As the midterm elections approach Tuesday, businesses in select states have much at stake with ballot proposals that include legalizing marijuana use and raising minimum wages. Governors’ races could also lead to expansion of low-cost health coverage under Medicaid. The outcomes of the proposals will have wide reaching effects on companies, especially smaller Main Street …

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Voters wait in line to enter a polling place at the Jamestown Town Hall before the poll opens November 4, 2014 in Jamestown, North Carolina.

Voters across the country go to the polls for midterm congressional elections Tuesday, but voters in just 10 states will decide the most important result. Close races in those 10—Alaska, Arkansas, Colorado, Georgia. Iowa, Kansas, Kentucky, Louisiana, New Hampshire and North Carolina—will determine whether Republicans or Democrats hold the U.S. Senate for the final two …

Midterms and the markets

John Harwood explains how the midterm elections could move the markets and shape the business environment.

David Goldman | AP
Georgia Gov. Nathan Deal steps away from the podium after speaking at a press conference, Monday, Oct. 6, 2014, in Atlanta.

Georgia’s first-place finish in our 2014 America’s Top States for Business rankings set off the central debate in all 50 states in this midterm election: which party is best for business—and for job creation? Groups on both sides have unleashed a deluge of campaign funds to settle the question, in this most expensive midterm election …

Chris Maddalon | CQ Roll Call | Getty Images

If you live in a battleground state, you can’t escape the television ads. And the mail. And the phone calls. Which means you’re not imagining the fact that candidates, political parties and interest groups are spending a record amount of money for next Tuesday’s midterm elections. The question is what difference that money makes in …