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Sen. Bob Corker Gets Candid About Tax Cuts, Calls Budget Proposal 'A Waste Of Time'

6:57pm October 05, 2017

by Susan Davis

The Tennessee Republican may be a make-or-break vote on the GOP's top priority: tax cuts. And since Corker announced last week he's not running for reelection, he's speaking more freely on the issue.

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Drug lobbyists and consumer health advocates fill the halls of the state Capitol in September to see how Assembly members vote on a controversial drug price transparency bill.

California Bill Would Compel Drugmakers To Justify Price Hikes

11:25pm October 04, 2017

by April Dembosky

A bill passed by the California Legislature requires drugmakers to give 60 days' notice before raising a drug's price by 16 percent or more over two years, and to justify the price increase.

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Analysts at the nonpartisan Tax Policy Center predict that nearly three-quarters of the savings from the GOP tax overhaul would go to the top 20 percent of earners.

Who Will Benefit Most From GOP Tax Plan? Early Report Suggests The Wealthy

11:44am October 04, 2017

by Scott Horsley

Republicans in the White House and Congress have billed their tax proposal as a boost for the middle class. But a nonpartisan analysis finds the richest Americans would see the most immediate gains.

Former Equifax CEO Richard Smith testifies about the company's massive data breach before a House Energy and Commerce subcommittee on Tuesday.

Equifax And Wells Fargo Apologize To Congress; Lawmakers Not Buying It

10:57pm October 03, 2017

Equifax's former CEO Richard Smith and Wells Fargo CEO Tim Sloan both said "sorry" for the harm their companies have inflicted on consumers. But lawmakers scolded them in two different hearings.

The Equifax Inc. headquarters are seen in Atlanta earlier this month. The credit reporting agency's interim CEO is apologizing to millions of consumers affected by a data breach.

Equifax Promises A New Lifetime Service, As New Leader Offers An Apology

11:31am September 28, 2017

by Bill Chappell

The company's interim CEO promises to "let consumers easily lock and unlock access to their Equifax credit files." The service would be "offered free, for life."

German grocers Aldi and Lidl are aggressively growing their U.S. footprint. Aldi, which aims to have 2,500 stores by 2022, has recently renovated this store (left) in Alexandria, Va. And Lidl's new location in Manassas, Va., was its 30th in the country.

Discount Grocers Aldi And Lidl Give U.S. Stores A Run For Their Money

8:31pm September 27, 2017

by Alina Selyukh

The grocery industry is in an intense price war. Two German competitors — Aldi and Lidl — are a major driving force. They're known for very low prices, and they're planning scores of new U.S. stores.

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House Speaker Paul Ryan (center) answers questions during a Tuesday news conference on Capitol Hill. Also pictured are Rep. Cathy McMorris Rodgers, R-Wash., and Rep. Kevin McCarthy, R-Calif.

Republicans Outline Biggest Tax Code Overhaul In A Generation

6:05pm September 27, 2017

by Scott Horsley

After months of private negotiation, President Trump and GOP congressional leaders have revealed the outline of their tax plan. It calls for cuts in both individual and corporate tax rates.

Equifax spent over $1 million last year on lobbying efforts, according to data compiled by the Center for Responsive Politics.

Equifax Breach Puts Credit Bureaus' Oversight In Question

12:26pm September 21, 2017

by Brian Naylor

The day that Equifax said millions of Americans' personal information had been exposed, lawmakers were considering legislation the industry favored. Now, some are calling for tougher regulation.

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Electrician Chris Piazza works on a home being built in Destrehan, La., in March. The recent enormous storms have hit the housing industry hard, with several signs turning negative.

Hurricane Season Takes Its Toll On Home Sales And Builder Optimism

6:07pm September 20, 2017

by Marilyn Geewax

The recent enormous storms have hit the industry hard, with several signs turning negative. But economists expect a rebound when the weather improves.

Federal Reserve Board Chair Janet Yellen says the process of unwinding the central bank's massive bond holdings will be gradual.

Fed's Unwinding Of Crisis Programs Expected To Push Up Interest Rates Very Gradually

5:07pm September 20, 2017

by John Ydstie

The Federal Reserve in October will begin unwinding the extraordinary stimulus it used to battle the Great Recession. That means that over the long run, rates on car loans and mortgages could go up.