Business Blog

U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.) today cautioned the Obama administration not to act unilaterally to expand the scope of a federal environmental review law in its effort to regulate greenhouse gases. The Mississippi Senators are among 33 Senators who signed a letter to the White House Council on Environmental Quality (CEQ) [...]

Time for Plan B! Wait, there is no Plan B? As expected, the Senate rejected rival bills aimed at preventing the looming sequester Thursday, meaning that $85 billion in automatic spending cuts will almost definitely kick in on Friday. Bills introduced by both Democrats and Republicans failed to receive the necessary 60 votes to pass. [...]