Most Republicans in Congress perennially resist increasing the minimum wage, citing economists who say businesses would have to eliminate workers and raise prices. That would stoke inflation and undermine the economy, they say. But if there was ever a period testing those assumptions and showing why raising the federal hourly wage gradually to $15 (as President Joe Biden proposes) would ...

Hoping to address supply-chain disruptions following the pandemic, President Joe Biden ordered a wide-ranging review of US reliance on foreign sources for critical goods such as pharmaceuticals, rare-earth metals and high-capacity batteries. On the most urgent matter — a shortage of semiconductors that has upended production at American automakers — he needs to think bigger. Last spring, car sales collapsed ...

Bloomberg Boeing Co has agreed to pay $6.6 million in penalties to US regulators after failing to comply with a 2015 agreement to improve its safety processes. The Federal Aviation Administration (FAA) announced the penalties in a press release. The company agreed to pay $5.4 million to settle earlier cases brought against the company and another $1.21 million for two ...