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Boeing will be in the spotlight during back-to-back hearings Wednesday, as Congress examines allegations of major safety failures at the embattled aircraft manufacturer.
The Republican-led House Oversight Committee is launching an investigation into President Joe Biden's newly established task force on corporate-pricing practices, claiming it could be used as a "political tool," according to a letter obtained by CNBC In the letter dated Tuesday, the House Committee on Oversight and Accountability demanded that by April 30, Federal Trade Commission Chair Lina Khan turn over all FTC records related to the creation of the Strike Force on Unfair and Illegal Pricing, which Biden launched in March to address concerns related to corporate-pricing practices. "The timing of the Strike Force announcement, in an election year, raises the likelihood that political motivations rather than the interests of American consumers drove the action," House Oversight Committee Chair Rep. James Comer, R-Ky., said in the letter. "To use the FTC as a tool in a pol
Boeing sought on Monday to reassure the public of the safety of its 787 Dreamliner plane days before a whistle-blower is scheduled to testify before Congress about his concerns regarding the jet’s structural integrity.
House Speaker Mike Johnson, R-La., on Monday said he plans to move forward with four individual bills to fund Israel, Ukraine and Taiwan, separating out key components of a foreign aid package that has been shelved in the House for months. Johnson held a Monday evening conference with House Republicans to lay out the four bills: one to fund Israel, another for Ukraine, another for Taiwan and a fourth that would wrap several foreign policy proposals into one. The plan comes as Johnson balances political threats from his party members against added pressure to provide military support to Israel following Iran's attempted attack over the weekend. On
Lockheed Martin has been awarded a $17 billion contract to develop the next generation of interceptors that would guard the United States against an intercontinental ballistic missile attack, two industry sources briefed on the matter told Reuters.
JUNEAU, Alaska (AP) — President Joe Biden looks to nudge further ahead in his party’s nomination for reelection with Democratic voting Saturday in Wyoming and Alaska.
JUNEAU, Alaska (AP) — The Alaska House on Thursday passed its version of the state operating budget that includes direct payments to residents of roughly $2,275 a person. That amount is expected to be a subject of negotiations in the waning weeks of the legislative session, with Senate leaders questioning whether the state can afford it.
A recent Federal Aviation Administration audit of the production of the Boeing 737 Max raised a peculiar question. Was it really appropriate for one of the plane maker’s key suppliers to be using Dawn dish soap and a hotel key card as part of its manufacturing process?