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Soon after Biden renominated Powell, the ostensibly dovish Fed chair embarked on the most intense and sustained series of rate hikes in decades. We were told that this wouldn’t happen!

The FTC has won its lawsuit against Martin Shkreli, the pharmaceutical executive infamous for jacking up the price of the antiparasitic drug Daraprim from $13.50 to $750 overnight in 2015 and later using his ill-gotten fortune to buy an exclusive Wu-Tang Clan album for $2 million. Shkreli is the quintessential corporate ghoul, having already racked up convictions for securities fraud—which resulted in an indefinite ban from the securities industries—and failure to pay $1.26 million in New York state taxes. Now, his price gouging has finally caught up with him, as the FTC successfully argued that he spearheaded an anti-competitive scheme to monopolize the drug. The presiding judge found Shkreli’s conduct to be “egregious, deliberate, repetitive, long-running, and ultimately dangerous,” issuing a $64.6 million fine and imposing a lifetime ban from the pharmaceutical industry. 

The Republican Attorneys General Association (RAGA) is a national organization dedicated to electing and reelecting state-level Republican Attorneys General. It is a partisan political  organization, but it also functions as a dark money influence machine selling access to AGs, their staff, and their offices. 

Learning about the federal government’s budget process can be daunting. Here are a few key terms to help better understand of the federal budget process as of late.

This summer saw an extremely slow rate of independent agency nominations coming from the White House, and witnessed also a similarly glacial pace of confirmations emerging from the Senate. While this trend got slightly better over the course of the fall, with the Senate finally making significant movement on the nominations already presented before it, few new nominations have emerged from the White House since July 18, 2023.  

How the Grinchmaster General stole Christmas (and how to get it back).

Dissenting Commissioner Christy Goldsmith Romero, meanwhile, warned that the agency’s approval of a vertically integrated crypto market threatens to open a Pandora’s box.

Ever wonder who’s behind gross smear campaigns to sink qualified Biden administration nominees? Look no further than the American Accountability Foundation (AAF), a little-known rightwing opposition research organization housed under the Conservative Partnership Institute (CPI) umbrella. The oppo shop was founded in 2021 with a simple goal: “to take a big handful of sand and throw it in the gears of the Biden administration.” Since then, AAF has targeted over twenty nominees with slanderous, bad-faith attacks. The strategy has been relatively successful thus far, especially in derailing racial and ethnic minority and female nominees, including Saule Omarova, Sarah Bloom Raskin, Carlton Waterhouse, and Gigi Sohn.   

“It pales in comparison to the millions of deaths he was responsible for,” progressive foreign policy expert Matt Duss observed Thursday, “but Kissinger was also a pioneer in the normalization of corruption.”

In efforts to reduce average emissions across the incredibly pollutive transportation sector, the Environmental Protection Agency (EPA) proposed a new tailpipe emissions standard. The new rule functionally mandates automakers to electrify portions of their fleets in order to comply with a reduced average emissions standard for vehicles starting with 2027 new vehicle classes. The proposal, while one of the most significant of the administration’s forays into regulating pollution reductions, has also faced steep criticism from some environmentalists for not going nearly far enough in achieving the 75 percent pollution cut necessary to actually address the climate crisis. On July 11, 2023, however, the American Petroleum Institute (API) led a sign-on letter campaign asking the EPA to roll over to industry on the rule. For far too long corporate feedback has been hugely – and disproportionately – influential for regulators. It shouldn’t be.

TIME released its inaugural TIME100 Climate list last week, which included an eclectic list of business leaders, politicians, artists, and other “leaders” that TIME reporters and editors (and Deloitte, their sponsor) sought to elevate and celebrate for “making significant progress in fighting climate change by creating business value.”