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The Supreme Court has stripped the Securities and Exchange Commission of a major tool in fighting securities fraud.
The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing. The proposed rule, released Friday, stems from President Joe Biden’s August 2023 executive order regarding the access that “countries of concern” have to American dollars that fund advanced technologies, which the U.S. government says would enhance their military, intelligence, surveillance and cyber capabilities. The order identified China, Hong Kong and Macau as countries of concern.
The military's hundreds of V-22 Ospreys will not be permitted to fly their full range of missions until at least 2025 following a series of deadly crashes.
Retired four-star admiral Robert Burke, who served as vice chief of naval operations, faces federal charges including bribery and conspiracy.
The top-ranking Republican on a Senate committee that oversees the military is calling for a “generational investment” in America’s defense.
Defense Secretary Lloyd Austin has undergone a medical procedure at Walter Reed National Military Medical Center and has resumed duty after temporarily transferring power. He is continuing to deal with bladder issues that arose in December following his treatment for prostate cancer. The Pentagon says the procedure Friday was successful, elective and minimally invasive, “is not related to his cancer diagnosis and has had no effect on his excellent cancer prognosis.” Austin has returned home, and the Pentagon says no changes in his official schedule are anticipated, including his participation in Memorial Day events.
The Supreme Court's rejected a conservative-led attack that could've undermined the Consumer Financial Protection Bureau.
President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a “national security risk.” The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. It also forces the removal of certain equipment owned by MineOne Partners Ltd., a firm that is partly owned by the Chinese state. The move was made in coordination with the U.S. Committee on Foreign Investment in the United States.
A trial for a mass environmental injury is starting more than two years after a jet fuel leak in Pearl Harbor's drinking water poisoned thousands of people.
The second of two large spending packages keeps agencies funded for the rest of 2024. The bill now goes to President Joe Biden to be signed into law.
Lawmakers have introduced a $1.2 trillion spending package that sets the stage for avoiding a partial government shutdown for several key federal agencies.
Negotiators from Congress and the White House are scrambling to complete work on funding government agencies for the fiscal year and avoid a partial shutdown.
A unanimous Supreme Court has ruled public officials can sometimes be sued for blocking their critics on social media, an issue that first arose for the high court in a case involving then-President Donald Trump. Justice Amy Coney Barrett wrote for the court Friday, saying officials who use personal accounts to make official statements may not be free to delete comments about those statements or block critics altogether. But Barrett wrote that “state officials have private lives and their own constitutional rights.” The cases forced the court to deal with the competing free speech rights of public officials and their constituents in a rapidly evolving virtual world.
The Senate is expected to take up the legislation before a midnight Friday shutdown deadline. And lawmakers are negotiating a second package of six bills.