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Feds probing GM engine failures, including popular Silverados

U.S. auto safety regulators have launched an investigation into complaints that certain V8-powered General Motors cars, including the best-selling Silverado, can seize up without warning. The National Highway Transportation Safety Administration announced Thursday that it has received 39 complaints from users of GM vehicles equipped with L87 V8 engines and is investigating an estimated 877,710 […]

Feds drop corruption charges against former NY Lt. Gov. Brian Benjamin

Federal prosecutors have dropped corruption charges against former New York State Lt. Governor Brian Benjamin after a key witness, real estate developer Gerald Migdol, died before his bribery and wire fraud trial began. Prosecutors said in a court filing Friday that it is no longer possible to prove beyond a reasonable doubt that Mr. Benjamin […]

Auctioning Feds’ Assets Can Fund $1T of Trump Agenda

A populist proposal to auction off distressed federal assets, such as loans, to pay for infrastructure and other policy priorities for working-class Americans is likely to be the subject of former President Donald Trump's return to the White House next week. is attracting new interest. Going back to President Trump's first term, a bipartisan group […]

Feds waste $7B on offices even though half of workers WFH: report

More than four years after the start of the COVID-19 pandemic, the federal government has lowered office space lease costs even though about half of employees regularly work from home, according to a new report. It is estimated that $7 billion was wasted on The House Oversight Committee will investigate the Biden administration's remote work […]

Southwest Airlines sued by feds over chronically delayed flights

The Biden administration on Wednesday sued Southwest Airlines, accusing it of illegally operating multiple chronically delayed flights and disrupting passenger travel. In a civil suit filed with the Justice Department, the Department of Transportation said the airline operated on an unrealistic schedule and is seeking the maximum civil penalty. Southwest Airlines operated two chronically delayed […]

December Inflation clouds Fed’s outlook on interest rate cuts

Gasoline prices were the main contributor to the rise in inflation in December. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.9% in December, slightly higher than the previous month's annual inflation rate of 2.7%. Published by the Bureau of Labor Statistics (BLS). The inflation rate in December rose […]

Capital One sued by feds for avoiding billions in interest payments

Capital One was charged Tuesday by the U.S. Consumer Financial Protection Bureau, which alleges the bank illegally defrauded customers of its flagship “high-interest” savings accounts out of more than $2 billion in interest. In a complaint filed in federal court in Alexandria, Virginia, the CFPB alleges that Capital One offers depositors one of the “best”, […]

FBI Director Wray explains why he’s resigning, defends feds’ raid of Trump’s Mar-a-Lago

Outgoing FBI Director Christopher Wray on Sunday defended an FBI investigation into the 45th president's Florida mansion in 2022, saying he wants to avoid getting the FBI “deeper into the fray” of President-elect Donald Trump. He announced that he would resign following his appointment. FBI director talks about impending resignation, controversial search of classified documents […]