Category: Rule
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Texas wins court block on Biden overtime pay rule
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Written by Danielle Wiesner (Reuters) – A federal judge in Texas on Friday temporarily blocked a Biden administration rule from going into effect that would extend mandatory overtime pay to four million salaried American workers. U.S. District Judge Sean Jordan in Sherman, Texas, said a rule drawn up by the…
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What is the Sahm rule and why it matters
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Federal Reserve Governor Lisa Cook spoke today and stressed that unemployment is at a low level. Objectively, this is true: Unemployment rate in the United States But I want to highlight the far right side of the chart because of the arrow rule. It is named after economist Claudia Sahm…
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Fossil fuel producers, corn growers sue to block new Biden vehicle emissions rule
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3alexd Biofuels groups joined oil and gas producers this week Prosecute They are seeking to block the Biden administration’s new tailpipe emissions standards that they say would effectively end the sale of new gas-powered vehicles by 2032. American Petroleum Institute The National Corn Growers Association, the American Farm Bureau Federation…
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CFPB Rule Shakes Up Banks: Open Banking Ushers in an Era of Transparency
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Buckle up, because the financial sector is about to be swept up in a wave of transparency. For many years, consumer data remained boxed in a fenced garden, with traditional banks acting as gatekeepers. Access was tightly controlled, distributed in drops and shuffles. The CFPB’s move dismantles those walls, giving…
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Top utility trade group joins litigation against new Biden power plant rule (NYSEARCA:XLU)
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DWalker44/E+ via Getty Images The largest trade group for electric utilities in the United States said this week that it is Join litigation To challenge the Biden administration’s new rules aimed at cutting carbon emissions from new coal and gas-based power plants. Edison Electric Institute said It supports the EPA’s…
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Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto
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Moments ago, the Senate passed HJRes legislation. 109 would repeal the SEC’s Staff Accounting Bulletin (SAB) No. 121, preventing highly regulated financial companies from sponsoring Bitcoin and other cryptocurrencies. The legislation passed by a vote of 60 to 38, showing bipartisan support for the measure. BREAKING: ?? Legislation that would…