marcy gordon

WASHINGTON | New head of consumer agency promises top focus on consumers

WASHINGTON — The new head of the U.S. consumer watchdog agency says she doesn’t have immediate targets in mind for rolling back actions taken by her controversial predecessor, and will put protecting consumers in the forefront. Kathy Kraninger, nominated by President Donald Trump and confirmed by the Senate last week on a narrow, party-line vote, … Continue reading WASHINGTON | New head of consumer agency promises top focus on consumers

WASHINGTON | Hints of Democratic agenda as Google CEO testifies

WASHINGTON— Google CEO Sundar Pichai — and other tech executives who may be watching — got hints Tuesday of what issues they can expect to face as Democrats take control of the House in three weeks. While Republicans on the House Judiciary Committee grilled Pichai on what they perceive as bias against conservatives, top committee … Continue reading WASHINGTON | Hints of Democratic agenda as Google CEO testifies

WASHINGTON | Fed: Some US businesses’ debt at highest level in 2 decades

WASHINGTON — American corporations have elevated their debt loads to potentially risky levels, the Federal Reserve said Wednesday in a report that raised concerns about the financial system 10 years after the 2008 crisis erupted. The Fed’s report was its first assessing the stability of the U.S. financial system. A decade after the financial crisis, … Continue reading WASHINGTON | Fed: Some US businesses’ debt at highest level in 2 decades

WASHINGTON | Russian woman charged with US election interference

WASHINGTON — The Trump administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country. About 8,700 so-called “opportunity zones” have been set up in all 50 states to lure investors and developers with tax breaks. The rules from the Treasury … Continue reading WASHINGTON | Russian woman charged with US election interference

WASHINGTON | New tax break rules for ‘opportunity zone’ investors

WASHINGTON  — The Trump administration is proposing rules for investors in a new program that it says could have a big impact on economically depressed areas around the country. About 8,700 so-called “opportunity zones” have been set up in all 50 states to lure investors and developers with tax breaks. The rules from the Treasury … Continue reading WASHINGTON | New tax break rules for ‘opportunity zone’ investors

WASHINGTON | US regulators lift strict oversight of Prudential

WASHINGTON — A group of federal regulators on Wednesday lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. The unanimous decision by the Financial Stability Oversight Council closed the books … Continue reading WASHINGTON | US regulators lift strict oversight of Prudential

WASHINGTON | House approves GOP tax measures for savings, startups

WASHINGTON — Proposals to expand the new tax law by adding incentives for savings and startup businesses have passed the House as Republicans push legislation forward ahead of the approaching midterm elections. The votes Thursday were 240-177 and 260-156, mostly along party lines, to approve a pair of Republican-written measures. The action was a prelude … Continue reading WASHINGTON | House approves GOP tax measures for savings, startups

WASHINGTON | Senate panel to hear from internet execs on privacy policies

WASHINGTON — The Trump administration is hoping Congress can come up with a new set of national rules governing how companies can use consumers’ data that finds a balance between “privacy and prosperity.” But it will be tricky to reconcile the concerns of privacy advocates who want people to have more control over the usage … Continue reading WASHINGTON | Senate panel to hear from internet execs on privacy policies