The Biden administration on Monday issued a statement saying it will veto a GOP-led bill aimed at bringing down energy costs by making it easier for energy companies to get permits for domestic drilling.
“This Administration is making unprecedented progress in protecting America’s energy security and reducing energy costs for Americans – in their homes and at the pump. H.R. 1 would do just the opposite, replacing pro-consumer policies with a thinly veiled license to pollute," the Office of Management and Budget said in a statement on Monday.
"It would raise costs for American families by repealing household energy rebates and rolling back historic investments to increase access to cost-lowering clean energy technologies,” it continued.
The agency also highlighted that oil and gas companies are already making record profits and should be investing that money into expanding production.
In response, House Majority Leader Steve Scalise of Louisiana criticized the administration's handling of energy issues.
“Voters gave House Republicans the majority to reverse this insanity and make energy affordable again, and that’s exactly what the Lower Energy Costs Act does,” he said. “We will pass the bill this week, and urge the Senate and President Biden to work with us to make America energy independent again and provide the much-needed relief that hardworking desperately need.”
The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.
A top EU official said companies should roll out the technology to recognize AI-generated content and "clearly label[s] this to users."
With the rail industry relying on longer and longer trains to cut costs, the Biden administration is handing out $570 million in grants to help eliminate many railroad crossings in 32 states.
A judge ruled that the Tennessee law restricting drag performances in public or where children are present is unconstitutional.
The United States Postal Service (USPS) said more than 5,300 postal employees were attacked by dogs while delivering mail in 2022. To spread awareness of this problem, the agency has launched a public service campaign called National Dog Bite Awareness Week.
It took a unilateral step Sunday to support the sagging cost of crude after two earlier cuts by other OPEC+ countries failed to push prices higher.
Nurse practitioners, who provided care for many trans adults, are now barred from providing transition-related care in the state.
Democratic lawmakers worry that damage has been done to safety net programs and it'll be difficult to unravel that in the years ahead as Republicans demand further cuts.
The Department of Justice has informed former Vice President Mike Pence 's legal team that it will not pursue criminal charges related to the discovery of classified documents at his Indiana home.
Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden's desk to become law before the fast-approaching deadline.
