Lawmakers make bipartisan push to understand the soaring price of a lifesaving drug

Laura Marston holds up a vial of Humalog, a type of insulin she takes for type 1 diabetes at her home in Washington, D.C. Two lawmakers from opposite sides of the aisle have teamed up to ask three powerful health care industries to explain the rising cost of insulin, an essential treatment for people with diabetes. Insulin was first discovered in 1921 by a team of biochemists and physicians who sold the patent to a university for $3.

Bank investors hope Fed stress test results lead to big payouts

Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength. On Thursday, the Fed is scheduled to begin releasing results from its two-part annual stress test, which was adopted in response to the financial crisis, to gauge banks' ability to weather an economic storm that could threaten the stability of the system.

Trump’s rollback of Obama’s Cuba policies may harm the Cubans…

President Donald Trump appears set to walk back some aspects of the normalization of US-Cuba relations conducted by President Barack Obama during his final years in office. According to a draft of an eight-page directive Trump is expected to sign on Friday during an event at Miami's Manuel Artime Theater - named for a leader of the failed Bay of Pigs invasion - the US government will restrict the number of reasons Americans can travel to the island and prohibit financial dealings with companies controlled by the Cuban military.

Dakota Access Pipeline May Have to Interupt Operations to Redo Environmental Review

The Standing Rock Sioux Tribe achieved a legal victory Tuesday, June 14, in their battle to shut down the Dakota Access Pipeline, a 1,172-mile underground oil pipeline that the tribe has claimed threatens its water supply and cultural lands. A federal judge ordered the U.S. Army Corps of Engineers to reconsider its environmental analysis of the Energy Transfer Partners ETP pipeline, saying the Corps "did not adequately consider the impacts of an oil spill on fishing rights, hunting rights, or environmental justice, or the degree to which the pipeline's effects are likely to be highly controversial."

Mnuchina s Dodd-Frank reform advice fires up Sen. Warren, Dems

A new U.S. Treasury Department report is lighting a fire under Democrats, particularly Wall Street watchdog Sen. Elizabeth Warren , who said Tuesday recommendations to weaken parts of Dodd-Frank, an Obama-era financial law, are "radical." "This report calls for radical changes that would make it easier for big banks to cheat their customers and spark another financial meltdown.

FCC will not take action against CBSa a Colberta show

The U.S. Federal Communications Commission said on Tuesday it would not take any action over thousands of complaints about a crude joke that late-night television host Stephen Colbert told about U.S. President Donald Trump and Russia's Vladimir Putin. The oral sex joke was bleeped before the airing of the May 1 episode of CBS Corp's "Late Show with Stephen Colbert," FCC spokesman Neil Grace said the agency had reviewed the complaints and "concluded that there was nothing actionable under the FCC's rules."

Grassley Slams FCC Over Security Guard Manhandling Reporter

Iowa Republican Sen. Chuck Grassley Friday strongly criticized Federal Communications Commission security guards who manhandled a reporter Thursday at the agency's headquarters. "The Federal Communications Commission needs to take a hard look at why this happened and make sure it doesn't happen again," Grassley said in his Friday statement.

‘This can’t continue for a whole lot longer’: Former…

Former senator of Pennsylvania and Republican presidential candidate Rick Santorum delivered a stark warning for President Donald Trump, as his administration was hobbled by a barrage of damaging news reports over the last 10 days. "Unlike Democrats, who will never break with a president, no matter what they do - I mean I don't care, they can find him with a smoking gun and a picture, they wouldn't break with him - Republicans will," he said on CNN Friday night.

A brief history of Trump’s tweets on the ‘scandal’ of…

President Donald Trump reportedly shared classified information with the Russian officials during a meeting at the White House last week, prompting condemnation across the political spectrum - including a look at his past public statements on others' disclosure of classified intelligence. Both current and former anonymous US officials claimed that Trump had disclosed to Russian Foreign Minister Sergey Lavrov and Ambassador Sergey Kislyak sensitive intelligence regarding the Islamic State, according to a report from The Washington Post .

Court to rehear case on FTC’s authority

A federal court will rehear a case brought by AT&T against the Federal Trade Commission, after it ruled last year that the agency does not have authority over telecommunications companies. The Ninth Circuit Court of Appeals for the Northern District of California said it will rehear the case before a full panel of judges.

Trump Team to Review Dodd-Frank in Stages

President Trump's administration will review the landmark financial regulatory bill Dodd-Frank in stages, with emphasis being given to banking regulations. Trump had ordered Treasury Secretary Steve Mnuchin to complete the review of the law within 120 days back in February.

Why your ‘organic’ milk may not be organic

Stretching across miles of pastures and feedlots north of Greeley, Colo., the complex is home to more than 15,000 cows, making it more than a hundred times the size of a typical organic herd. It is the main facility of Aurora Organic Dairy, a company that produces enough milk to supply the house brands of Walmart, Costco and other major retailers.

AP Explains: What is net neutrality and why does it matter?

" "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. The head of the Federal Communications Commission, Ajit Pai, on Wednesday proposed undoing the Obama-era rules that have been in place since 2015.