Business News

  • House investigators say a federal contractor that provided identity verification services for the Internal Revenue Service overstated its capacity to perform its services. The investigators say ID.me also made false claims about the amount of money lost to pandemic fraud in an apparent effort to increase demand for its services. The investigation of firm ID.me began in April after critics said the facial recognition software could become a target of cyberthreats and presented privacy concerns. A company representative says “calling ID.me’s estimate too high or baseless is premature, and we welcome additional oversight on this important matter."

    November 17, 2022
  • The U.S. Interior Department's plan to withdraw hundreds of square miles in New Mexico from oil and gas production for the next 20 years is expected to result in only a few dozen wells not being drilled on federal land surrounding Chaco Culture National Historical Park. Land managers on Thursday released an environmental assessment of the plan first outlined by Interior Secretary Deb Haaland in 2021 in response to the concerns of Native American tribes in New Mexico and Arizona. Environmentalists say the agency needs to take a broader look at the cumulative effects of development if they want to preserve cultural sites and limit pollution from ongoing development beyond the proposed withdrawal zone.

    November 11, 2022
  • The U.S. is celebrating Veterans Day at a time when the nation is experiencing some of its lowest monthly veteran unemployment rates on record. The Bureau of Labor Statistics shows that the seasonally adjusted veteran jobless rate was 2.7% in October. Experts say the low numbers are due in part to the tight labor market. But they also credit significant efforts in recent years by the federal government and veteran service organizations to provide assistance to former service members. Leaving the military can be one of the most difficult transitions a person can make. The transformation sometimes takes years of working unfulfilling jobs, while finding a new purpose beyond serving one’s country.

    November 11, 2022
  • Postmaster General Louis DeJoy says the postal service gave a solid performance in delivering mail-in ballots for the midterm elections and is ready to dive into the crush of holiday deliveries. DeJoy told the Board of Governors on Thursday that 11.3 billion pieces of mail and 567 million packages were delivered last month. He says the Postal Service has stabilized its workforce and is ready for the next challenge of delivering holiday cards and parcels. The Postal Service announced an adjusted annual operating loss of $473 million for the fiscal year when a one-time adjustment under the Postal Service Reform Act was excluded from the results.

    November 10, 2022
  • U.S. Army officials say investigators have launched a broad review of at least 1,900 National Guard and Reserve soldiers who were swept up in a recruiting bonus scandal up to a decade ago and may have been wrongly blamed and punished.

    November 03, 2022
  • Congress is moving quickly to avoid a government shutdown

    September 29, 2022
  • Sen. Joe Manchin has abandoned his push to speed up the permitting process for energy projects

    September 27, 2022
  • For the first time in a decade, Americans will pay less next year on monthly premiums for Medicare’s Part B plan, which covers routine doctors’ visits and other outpatient care

    September 27, 2022
  • A U.S. Navy nuclear engineer and his wife have entered new guilty pleas in a case in West Virginia involving the sale of secrets about nuclear submarines

    September 27, 2022
  • Officials say a fugitive Malaysian defense contractor nicknamed “Fat Leonard” at the center of a Navy bribery scandal was trying to head to Russia before Venezuelan authorities captured him.

    September 22, 2022
  • The question of whether the Biden administration can require federal employees to get vaccinated against COVID-19 has been argued in an appeals court in New Orleans for a second time

    September 13, 2022
  • The escape of the Malaysian defense contractor at the center of one of the Navy's biggest corruption scandals is as stunning and brazen as the case itself

    September 07, 2022
  • The U.S. Secret Service said Friday that it has recovered $286 million in fraudulently obtained pandemic loans and is returning the money to the Small Business Administration

    August 26, 2022
  • An internal watchdog says former Interior Secretary Ryan Zinke lied to investigators about conversations he had with lobbyists, lawmakers and other officials regarding a bid by two Indian tribes to operate a casino in Connecticut

    August 24, 2022