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AP National Business

House passes $3.5T Biden blueprint after deal with moderates

By LISA MASCARO and KEVIN FREKING Associated Press WASHINGTON (AP) — House Democratic leaders have compromised with moderates and muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle. Biden praised Tuesday’s 220-to-212 vote as a step toward “truly investing in the American people.” A band of moderate lawmakers had been threatening to withhold

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Sources: Brazil’s Bolsonaro vexed by central bank autonomy

By DÉBORA ÁLVARES and DAVID BILLER Associated Press BRASILIA, Brazil (AP) — Brazilian government officials have told The Associated Press that President Jair Bolsonaro has begun expressing irritation at the central bank’s newfound autonomy as surging inflation presents a threat to his 2022 reelection prospects. Central bank autonomy is among few significant economic reforms that

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New Chinese law tightens control over company data on users

BEIJING (AP) — China is tightening control over data gathered by companies about the public under a law approved by its ceremonial legislature. The data protection law expands the ruling Communist Party’s crackdown on internet industries. It follows anti-monopoly and other enforcement actions against companies including e-commerce giant Alibaba and games and social media operator

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