Keurig coffee pod maker charged with making inaccurate recyclability claims
The U.S. Securities and Exchange Commission on Tuesday filed a lawsuit against Keurig Dr Pepper Inc., a maker of disposable coffee pods, for making inaccurate claims about the recyclability of its products. Keurig settled the lawsuit and agreed to pay a civil penalty of $1.5 million, a relatively modest amount for a large corporation. According […]
GOP senators warn against House-driven government shutdown
Senate Republicans are exposing efforts by House Republicans to stoke a partisan battle over the federal budget, fearing it could lead to an embarrassing government shutdown just weeks before Election Day. With Republicans on the brink of taking control of the Senate in 2025, GOP senators do not want a funding deal at the end […]
Senate Dem: 'Neither party has any credibility' on taxes and debt levels
Ahead of the tax measure's scheduled expiration next year, Sen. Mark Warner (D-Va.) said Thursday that neither Democrats nor Republicans can be particularly trusted when it comes to the issues of taxes and the national debt level. “Frankly, neither party has any credibility on this issue,” he said. Warner said the last time there was […]
Judge clears way for bets on US elections
For the first time, a federal judge has upheld the right to bet on the outcome of a US election. A Washington judge has struck down a Commodity Futures Trading Commission (CFTC) decision banning gambling companies and customers from betting on the outcomes of congressional elections. Last Friday, U.S. District Judge Zia Cobb ruled in […]
Navient banned from federal student loan servicing, fined $120M
The government's top consumer watchdog has banned Navient from servicing federal student loans and ordered the company to pay $120 million for allegedly defaulting on loans. The settlement announced Thursday comes nearly eight years after the Consumer Financial Protection Bureau (CFPB) sued Navient, a former division of Sallie Mae, in 2017. The CFPB accused the […]
Sanders: US moving toward 'oligarchic form of society'
Sen. Bernie Sanders (I-Vermont) said Wednesday that the United States is moving toward an “oligarchic society” and called on Vice President Harris to make that message a central part of her campaign. Sanders said on CNN's “The Lead with Jake Tapper” that doing so would help Harris appeal to supporters of former President Trump, who […]
Household income popped to prepandemic levels in 2023
After declining over the previous three years, real median household income rose notably to pre-pandemic levels in 2023, likely as a result of workers filling vacant positions and increasing full-time employment in the economy. The latest Census Bureau data, including a decline in the overall poverty rate, show signs that economic conditions are normalizing after […]
Boar’s Head plant posed ‘imminent threat’ 2 years before deadly listeria outbreak
The U.S. Department of Agriculture (USDA) released a report showing that inspectors warned that a Boar's Head plant in Virginia posed an “imminent threat” two years before the recent deadly Listeria outbreak. 2 rounds Inspection documents Following a listeria outbreak at Boar's Head Co.'s Jarratt, Virginia, plant, the USDA has released its inspection reports. The […]
Business groups warn Treasury of 'political interference’ in Nippon Steel review
Washington business groups warned in a letter on Wednesday that “political interference” could derail Japanese steelmaker Nippon Steel's proposed takeover of U.S. Steel, which is opposed by lawmakers across the political spectrum and across presidential candidates. “Unfortunately, there have been continued recent attempts from across the political spectrum to politicize the committee's work, allowing politics […]
$5.6B lost to cryptocurrency fraud schemes last year: FBI
According to the FBI, Americans lost more than $5.6 billion to cryptocurrency-related scams in 2023. The agency is In a report released on Monday, The bureau said it received more than 69,000 complaints last year from victims of financial fraud linked to cryptocurrencies such as Bitcoin, Ethereum and Tether, amounting to approximately $5.6 billion in […]