President Donald Trump on Wednesday announced a proposal to weaken vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks. The plan, if finalized next year, would significantly reduce fuel economy requirements, which set rules on how far new vehicles need to travel on a gallon of...
Sharp swings in financial markets have left investors reeling in recent weeks, as questions about a potential artificial intelligence (AI) bubble collide with uncertainty surrounding the Federal Reserve’s next interest rate decision. The AI trade has been booming for nearly three years since the release of ChatGPT, but some are beginning to wonder how long this can last before shareholders get antsy for returns on firms’ massive multibillion-dollar investments. Read more in The Hill here.
Gas prices have dropped below $3 a gallon to their lowest level in more than four years. The national average for regular fell to $2.95 on Friday, the cheapest price at the pump since May 2021, according to GasBuddy. Read more in The Hill here.
President Trump on Monday signed an executive order establishing the “Genesis Mission,” a new endeavor to expand AI resources for scientific research. The Genesis Mission, which the administration is comparing to the Apollo program that sent Americans to the moon in the late 1960s, seeks to create an integrated AI platform that brings together federal datasets, computing resources and AI tools to boost scientific discovery. Read more in The Hill...
Florida Republicans are fuming as the Trump administration proposes to open up new drilling in the Eastern Gulf of Mexico. “The new maps released today by @SecretaryBurgum and @Interior outlining potential new offshore oil drilling sites in the Gulf of America are HIGHLY concerning—and we will be engaging directly with the department on this issue,” wrote Sen. Ashley...
Pennsylvania will no longer seek to be part of a regional climate agreement among states in the Northeast U.S. A recent budget deal ends the commonwealth’s effort to participate in the Regional Greenhouse Gas Initiative (RGGI), according to a statement from state Senate Republicans. The initiative sets a cap on planet-warming emissions and requires power plants in the states to purchase...
Next week, world leaders will gather for the COP30 climate summit, meeting in Brazil in an event where the U.S. and its top representatives will be conspicuously absent. Here’s what you should know about that meeting: What is a COP? COP, which stands for Conference of the Parties, is a meeting of world leaders to...
A group of shutdown-weary Democratic senators voted with Republicans Sunday night to advance a legislative vehicle to reopen the federal government and end the 40-day shutdown that has left tens of thousands of workers furloughed and caused chaos at the nation’s airports. The Senate voted 60-40 to proceed to a House-passed continuing resolution to reopen the government,...
The Department of Energy announced $625 million in funding Tuesday to renew five quantum research centers established under the first Trump administration. Each research center is set to receive $125 million in funding over the next five years, as they study different facets of quantum science and technology, which rely on the principles of quantum mechanics. Read more...
The Senate on Thursday voted to overturn a Biden administration plan that would have restricted drilling in the Arctic. The vote was 52-45. Sen. John Fetterman (D-Pa.) joined Republicans in voting in favor. The 2022 Biden administration plan in question made about 52 percent of land available for drilling in an area known as the National Petroleum Reserve in Alaska. A...
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