Artificial intelligence could come with both advantages and risks in the financial system, cautions the Federal Reserve’s chief banking regulator. Michael S. Barr, the Fed Vice Chair for Supervision, told the National Fair Housing Alliance 2023 National Conference on July 18 that underserved communities could have greater access to housing because AI technology, such as…
Top Fed Regulator Cautions AI Risks Violating Lending Laws
July 19, 2023
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Lawmaker Questions Top Official Over Proposed Gas Stove Ban, Cost to Move to Electric
A top Biden administration official behind the Department of Energy’s (DOE) proposed regulatory crackdown on gas stoves while encouraging the adoption of their electric counterparts admitted in Congressional testimony Tuesday that she doesn’t know basic facts about installing electric stoves in homes. Geraldine Richmond, the Department of Energy Under Secretary for Science and Innovation, on…
Biden Official Behind Gas Stove ‘Ban’ Admits Not Knowing Basic Facts About Electric Stove Installation
A top Biden administration official behind the Department of Energy’s (DOE) proposed regulatory crackdown on gas stoves while encouraging the adoption of their electric counterparts admitted in Congressional testimony Tuesday that she doesn’t know basic facts about installing electric stoves in homes. Geraldine Richmond, the Department of Energy Under Secretary for Science and Innovation, on…
House GOP Looks to Reform Endangered Species Act
July 18, 2023
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Rolling back the regulatory restraints and costs imposed on industry and agriculture by the Endangered Species Act (ESA) has been among conservative objectives since the 1990s. With the ESA in 2023 marking the 50th year since it was adopted under President Richard Nixon and a GOP-led Congress, a House Republican working group is developing proposed…
Experts Warn Renewable Energy Creates ‘New Opportunities’ for Chinese Grid Attacks
July 18, 2023
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America’s increasing reliance on intermittent power sources and batteries is creating novel risks, according to grid specialists who testified before Congress on July 18. Many of the greatest among them emanate from a key geopolitical rival, China. That’s partly because the new technologies frequently use inverters. When solar panels, wind turbines, and battery systems generate…
Pennsylvania Parents Sue School District Over Discrimination
July 18, 2023
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Parents of parochial school students in Pennsylvania are suing a public school district, alleging officials violated their rights by not allowing their children to participate in the district’s extracurricular programs. Their legal complaint claims the State College Area School District (SCASD) and its board discriminated against Centre County students who attend religiously affiliated institutions by…
INFOGRAPHIC: Timeline of Biden’s Path to Student Loan Debt Cancellation
July 18, 2023
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Lawmakers Debate Utility of Border War in Combating Illegal Immigration Crisis
July 18, 2023
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House Republicans led a hearing to discuss the effect of President Joe Biden’s changes to border barrier policies and their impact on illegal immigration going forward. Republican lawmakers pointed to the sharp increase in illegal immigration detentions and “gotaways” that have flooded the border since the barrier project was halted by Mr. Biden. The joint…
A Third-Party Presidential Candidate Would Upset the Way of Washington: Roger Simon
July 18, 2023
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Democrat Sen. Joe Manchin has made headlines for breaking ranks and occasionally voting alongside Republicans. He has made a name for himself as a moderate. And now, it’s possible he could seriously upset the way of Washington with a third-party presidential run in a new No Labels Party. What would this mean for the elections,…
Biden Administration Is Slow-Walking Taiwan Arms Sales, Holding Back on China Sanctions, House GOP Says
July 18, 2023
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The Biden administration is slow-walking approvals for $19 billion in Taiwan weapons purchases and not aggressively imposing congressionally-mandated sanctions on Chinese companies because it fears angering the Chinese Communist Party (CCP), several Republicans claimed during a July 18 House hearing on the State Department’s proposed Fiscal Year 2024 Eastern Asia and Pacific budget. That fear…
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