All posts tagged: administration

Biden administration sues to block it

Biden administration sues to block it

The Biden administration is suing to block a proposed merger between Kroger and Albertsons supermarket chains, saying the deal would lead to higher food prices for consumers. The Federal Trade Commission announced the suit in a release Monday on its website. “The FTC charges that the proposed deal will eliminate fierce competition between Kroger and Albertsons, leading to higher prices for groceries and other essential household items for millions of Americans,” it said. “The loss of competition will also lead to lower quality products and services, while also narrowing consumers’ choices for where to shop for groceries.” Americans have seen food-at-home prices climb more than 20% since the beginning of the pandemic, though more recently those cost pressures have eased. The USDA reported that U.S. consumers spent an average of 11.3% of their disposable personal income on food in 2022 — reaching levels similar to the 1980s, though much of this increase was attributable to large gains in food consumed away from home. Kroger, the second-largest grocer in the nation behind Walmart; and Albertson’s, the …

Biden administration cancels student loans of more than 150,000 borrowers under new plan

Biden administration cancels student loans of more than 150,000 borrowers under new plan

WASHINGTON — The Biden administration on Wednesday is canceling $1.2 billion in student debt for about 153,000 borrowers who took out relatively modest student loans and have been repaying it for the last decade or more. A borrower can qualify for the forgiveness if they’re enrolled in the administration’s Saving on a Valuable Education (SAVE) repayment plan and “have been making at least 10 years of payments, and have originally taken out $12,000 or less for college,” a White House fact sheet said. It also said that “for every $1,000 borrowed above $12,000, a borrower can receive forgiveness after an additional year of payments.” As an example, the fact sheet said, “a borrower enrolled in SAVE who took out $14,000 or less in federal loans to earn an associate’s degree in biotechnology would receive full debt relief starting this week if they have been in repayment for 12 years.” Those who receive the relief are expected to receive an email with a message from President Joe Biden saying, “I hope this relief gives you a …

Biden administration to reportedly relax EV rule on tailpipe emissions

Biden administration to reportedly relax EV rule on tailpipe emissions

U.S. President Joe Biden answers questions from reporters after driving a Jeep Wrangler Rubicon Xe around the White House driveway following remarks during an event on the South Lawn of the White House August 5, 2021 in Washington, DC. Biden delivered remarks on the administration’s efforts to strengthen American leadership on clean cars and trucks. Win Mcnamee | Getty Images News | Getty Images U.S. President Joe Biden’s administration intends to relax limits on tailpipe emissions that are designed to get Americans to move from gas-powered cars to electric vehicles, the New York Times reported, citing people familiar with the plan. The administration would give car manufacturers more time instead of requiring them to rapidly ramp up sales of electric vehicles over the next few years, the report said, adding that the new rule could be published by early spring. The shift would mean that EV sales would not need to rise sharply until after 2030. Reuters previously reported that the White House could enact proposed Environmental Protection Agency regulations as soon as March that …

Biden Administration to slow down EV shift to appease automakers

Biden Administration to slow down EV shift to appease automakers

The Biden Administration is reportedly giving legislative breathing room to auto manufacturers required to rapidly increase electric vehicle production within the next few years. First reported by sources speaking to The New York Times, this shift in drastic climate change action is meant to appease automakers who say they need more time to meet the aims of the White House, as well as unions, who favor a slower EV ramp-up as well. SEE ALSO: Cybertruck’s first reported crash: Pictures of it have hit the internet The new plan, which won’t be finalized until “early Spring,” will give car manufacturers through 2030 to ramp up sales of its EVs instead of demanding that this happen much sooner. The Biden Administration’s overall strategy aims to cut down on tail-pipe emissions by pushing Americans toward EVs. The original goal was to have this done before 2030 in order to rapidly cut down on carbon emissions from the country’s largest source of greenhouse gases: gasoline cars. Auto manufacturers need the time, the NYT reported, not only to build EVs …

The Biden Administration Is Investigating Israel’s Possible War Crimes — Despite Public Claims To The Contrary

The Biden Administration Is Investigating Israel’s Possible War Crimes — Despite Public Claims To The Contrary

A month ago, White House spokesperson John Kirby declared Washington was so confident in Israel’s US-backed offensive in Gaza that the US did not need to investigate its actions. “I’m not aware of any kind of formal assessment being done by the United States government to analyse the compliance with international law by our partner Israel,” Kirby told reporters on January 4, as the Biden administration rallied to defend Israel against an International Court of Justice case arguing that Israel was violating international protections against genocide. “We have not seen anything that would convince us that we need to take a different approach in terms of trying to help Israel defend itself.” Kirby’s comment echoed a string of similar claims from Biden administration officials. Their public narrative helps bolster US claims that Israel is respecting global standards for fighting in pursuing Hamas in Gaza, and helps undercut the ICJ genocide case and other efforts to examine Israel’s conduct. But internally, US officials have been assessing possible international law violations by Israel for months, and they …

The Body Shop collapses into administration with thousands of jobs at risk | UK | News

The Body Shop collapses into administration with thousands of jobs at risk | UK | News

High street chain The Body Shop said it has hired administrators, putting thousands of jobs and stores at risk.  FRP, administrators of The Body Shop, said the move to place the retailer in administration “provides the stability, flexibility and security to find the best means of securing the future” of the chain. They said: “The joint administrators will now consider all options to find a way forward for the business and will update creditors and employees in due course.” The Body Shop will continue to trade, with shops and the online site remaining open and making sales. We’ll be bringing you the very latest updates, pictures and video on this breaking news story. For the latest news and breaking news visit: /news Stay up to date with all the big headlines, pictures, analysis, opinion and video on the stories that matter to you. Follow our social media accounts here on facebook.com/DailyExpress and @daily_express Source link

Oil firms and green groups challenge Biden plan for offshore drilling leases | Biden administration

Oil firms and green groups challenge Biden plan for offshore drilling leases | Biden administration

Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration’s five-year plan to offer drilling leases in the Gulf of Mexico. The petitions to a US appeals court come four months after the interior department unveiled a congressionally-mandated plan for offshore leasing that included just three sales, the lowest since the government began publishing the schedules in 1980. The American Petroleum Institute (API), an oil and gas trade group, said it was challenging the policy because it would leave Americans at risk of relying on foreign energy sources. “Demand for affordable, reliable energy is only growing, yet this administration has used every tool at its disposal to restrict access to vast energy resources in federal waters,” Ryan Meyers, the API general counsel, said in a statement. The petitions were filed in the US court of appeals for the district of Columbia. An interior department spokesperson declined to comment. skip past newsletter promotion Our US morning briefing breaks down the key stories of the day, telling you what’s happening …

The Body Shop UK enters administration threatening jobs and shops | Business News

The Body Shop UK enters administration threatening jobs and shops | Business News

The UK arm of The Body Shop has entered administration, threatening jobs and stores. As first reported by Sky News, FRP Advisory has been brought in to handle a restructuring process just weeks after the new owners took control of the cosmetics retailer. The Body Shop has roughly 200 outlets across the UK. It’s understood up to 100 stores could be closed in an effort to bring the number of shops in line with competitors, such as Lush, which trades from 104 premises in the UK and Ireland. Inflation to rise on Wednesday, experts say – here’s why and what it could mean for interest rates (if they’re right) A Body Shop statement said: “administrators will now consider all options to find a way forward for the business and will update creditors and employees in due course”. The business will continue to trade in administration, it added, “ensuring customers will be able to continue to shop in store and online for their favourite products”. The administration “provides the stability, flexibility and security to find the …

Supreme Court Rules Biden Administration Must Face False Debt Reporting Lawsuits

Supreme Court Rules Biden Administration Must Face False Debt Reporting Lawsuits

Authored by Tom Ozimek via The Epoch Times (emphasis ours), The U.S. Supreme Court on Feb. 8 rejected an attempt by the Biden administration to avoid a lawsuit stemming from false debt reporting, with the landmark ruling opening the door for consumers to sue federal agencies. The US Supreme Court in Washington, on Nov. 13, 2023. (Mandel Ngan/AFP via Getty Images) In a 9–0 decision on Feb. 8, the Supreme Court ruled that the federal government is not immune from lawsuits brought under the Fair Credit Reporting Act (FCRA), a law that lets consumers sue creditors for failing to fix false credit information that the consumer has requested be corrected. The ruling stems from a lawsuit brought under the FCRA by Reginald Kirtz, a Pennsylvania man whose credit score was damaged when the Department of Agriculture’s (USDA’s) Rural Housing Service wrongly stated on his credit report that some of his loans were overdue. The government claimed that it was immune from Mr. Kirtz’s lawsuit and moved to dismiss the case, with several rounds of adjudication …

Biden administration announces  billion commitment for research and development of computer chips

Biden administration announces $5 billion commitment for research and development of computer chips

WASHINGTON — The Biden administration on Friday announced the investment of $5 billion in a newly established public-private consortium aimed at supporting research and development in advanced computer chips. The National Semiconductor Technology Center is being funded through the CHIPS and Science Act. That 2022 law aims to reinvigorate the computer chip sector within the United States through tens of billions of dollars in targeted government support. Stakeholders in the chips industry gathered on the White House campus to discuss how the center should prioritize research and worker training for an industry poised to expand because of government backing. The coronavirus pandemic exposed the risk to the economy and national security of an overdependence on Taiwan for advanced chips, while the emergence of artificial intelligence is likely to push demand for newer and more innovative chips upward. “This is an inflection point in the industry,” Commerce Secretary Gina Raimondo told the group. “Not just because we’re dangerously dependent on one country for so many of our chips, but because AI is going to lead to an …