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Business and Economic News

Overdraft fees could drop to as low as $3 under new Biden proposal

Overdraft fees could drop to as low as $3 under new Biden proposal

The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck.
by The Associated Press

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Amid scrutiny, Boeing promises more quality checks. But is it enough?

Amid scrutiny, Boeing promises more quality checks. But is it enough?

The aircraft maker is under renewed pressure to strengthen quality management across its production lines. But critics say a fundamental cultural shift is needed.
by Vanessa Romo

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Ahead of legislative session, Walz pitches $982 million in public construction projects

Ahead of legislative session, Walz pitches $982 million in public construction projects

The rollout sets the table for months of debate at the Capitol over a capital investment bill. Lawmakers said high inflation and tight budget forecasts led them to propose a slimmer proposal.
by Dana Ferguson

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War in Gaza is testing Israel's economy. A 2nd front against Hezbollah could break it

War in Gaza is testing Israel's economy. A 2nd front against Hezbollah could break it

Israel's military has closed towns and workplaces near the Lebanon border and 60,000 residents have fled, freezing the regional economy. But a full-blown war with Hezbollah could affect all of Israel.
by Becky Sullivan

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Fox News stops running MyPillow commercials in a payment dispute with election denier Mike Lindell

Fox News stops running MyPillow commercials in a payment dispute with election denier Mike Lindell

In an interview with The Associated Press, Lindell acknowledged that MyPillow owes money to Fox. He put the figure at $7.8 million, but he insisted that the sum is within his credit line with the network.
by The Associated Press

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Secret recording shows NRA treasurer plotting to conceal extravagant expenses involving Wayne LaPierre

Secret recording shows NRA treasurer plotting to conceal extravagant expenses involving Wayne LaPierre

Audio obtained by The Trace and ProPublica reveals, in real time, the gun lobbying group enacting a plan that would conceal payments for fancy hotels, limousines and other luxury expenses connected to its longtime CEO for a decade.

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