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Jan 11 (Reuters) – U.S. President Joe Biden said in an opinion piece in the Wall Street Journal that Democrats and Republicans need to come together to pass strong bipartisan legislation in order to hold major tech companies accountable.
Most importantly, Biden said he wanted to see "serious federal protections for Americans' privacy," including putting limits on how much data like location, biometrics and health information can be collected. He also highlighted the specific risk to children.
"We must hold social-media companies accountable for the experiment they are running on our children for profit," he wrote, citing young people's struggles with bullying, violence, trauma and mental health.
He also urged a reform of Section 230 of the Communications Decency Act to force tech companies to "take responsibility for the content they spread and the algorithms they use."
Both Republicans and Democrats have spent much of the past several years probing different aspects of the tech sector, largely agreeing that there are problems with the power of Alphabet's Google, Meta's Facebook and others while largely disagreeing on how to address those problems.
In a statement following the release of the opinion piece, Democratic Senator Amy Klobuchar said she would continue to push for passage of bipartisan legislation she sponsored to bar the companies from favoring their own businesses in search results, among other measures. (Reporting by Rishabh Jaiswal in Bengaluru and Diane Bartz in Washington; Editing by Lisa Shumaker and Alexandra Alper)
On Friday, Treasury Secretary Janet Yellen warned Congress that the U.S. would hit its debt ceiling this coming Thursday, earlier than many had expected. You wouldn’t know it from the stock market’s reaction. The market does have a lot on its mind, after all, from economic data to earnings to Federal Reserve speakers, all matters that seem far more pressing at the moment.
If it happens, 'this would represent the first time in history that the U.S. would default on any of its obligations due to the debt-ceiling law,' the firm says.
European planemaker Airbus said it had withdrawn from a U.S. government-named panel reviewing Boeing’s safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. The Federal Aviation Administration's (FAA) panel named last week includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Southwest Airlines, American Airlines, United Airlines, GE Aviation and FedEx Express.
Republican lawmakers are establishing new committees now that they have control of the House of Representatives, while other panels are ending or changing.
Strong recent performances by S&P 500 stocks Caterpillar and Freeport McMoRan reveal several drivers propelling the industrial economy.
WASHINGTON (Reuters) -The U.S. Energy Department said on Friday it will lend ioneer Ltd up to $700 million to build its Rhyolite Ridge lithium mining project in Nevada, a major step forward in President Joe Biden's plan to develop a domestic electric vehicle supply chain. Ioneer shares were up 16.3% at $16.30 on Friday afternoon in New York. The loan, which was approved by Energy Secretary Jennifer Granholm, would be the first by Washington to a U.S. mining project for lithium, a key ingredient used to make electric vehicle batteries.
(Bloomberg) — Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary Data‘I Feel Like I Got Duped’: Tesla Price Drop Angers Current OwnersTrump’s Attack on NY Sexual Assault Law Called ‘Absurd’ By JudgeThe Document That Separates Biden and TrumpYellen Says US to Take Extraordinary Steps to Avert a DefaultUkraine was hit by a second wave of Russian air strikes Saturday afternoon, with air-raid sirens sounded across much of the country and air-defenses engaged in the sou
Joe Biden offered himself to Americans as a president they wouldn’t have to think about after the tumult of his predecessor. The surprise revelations that on three different occasions Biden’s lawyers found improperly stored classified documents and official records evoked the turmoil surrounding Donald Trump’s presidency, a four-year ruckus from which Biden has tried to move the country past. It’s an embarrassment to Biden, and the selection of a special counsel to investigate potential criminal wrongdoing in the matter exposes the president to a new, self-inflicted risk.
Many retirees plan to earn extra income to supplement their retirement spending. But how much can a retired person earn without paying taxes? The answer to this question varies based on your situation. Understanding the tax rules surrounding retiree income can … Continue reading → The post How Much Can a Retired Person Earn Without Paying Taxes? appeared first on SmartAsset Blog.
(Bloomberg) — Germany’s military will continue to use the Puma armored fighting vehicle, despite recent technical failures, Defense Minister Christine Lambrecht said.Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary Data‘I Feel Like I Got Duped’: Tesla Price Drop Angers Current OwnersTrump’s Attack on NY Sexual Assault Law Called ‘Absurd’ By JudgeThe Document That Separates Biden and TrumpYellen Says US to Take Extraordinary Steps to Avert a Default“The armed forc
The U.S. Department of the Interior announced Thursday that it has given new names to five places that previously included a racist term for a Native American woman. The renamed sites are in California, North Dakota, Tennessee and Texas, completing a yearlong process to remove the historically offensive word “squaw” from geographic names across the country. “Words matter, particularly in our work to ensure our nation’s public lands and waters are accessible and welcoming to people of all backgrounds,” Interior Secretary Deb Haaland said in a statement.
What would happen if the Republicans refuse to raise the debt limit? Basically, nothing. Life would go on as before.
The Netherlands is not feeling pressured by Washington to adopt new U.S. rules further restricting semiconductor technology exports to China, Dutch Prime Minister Mark Rutte said on Friday. The Hague has denied licenses for its largest company, ASML Holding NV, to export its most advanced machines to China since 2019, following lobbying by the Trump administration, raising concerns it is under pressure again to adopt further restrictions. U.S. officials have said they expect the Netherlands to implement similar rules to those imposed on U.S. companies by Washington in October 2022, which are aimed at hobbling China's ability to make its own chips.
BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."
Photos and videos show the aftermath of the landslide with the roadway blanketed in rubble.
The President weighed in on a proposal to do away with the Internal Revenue Service, and he did not mince words.
'Once the limit is reached, Treasury will need to start taking certain extraordinary measures to prevent the United States from defaulting on its obligations," the Treasury secretary writes.
(Bloomberg) — Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary Data‘I Feel Like I Got Duped’: Tesla Price Drop Angers Current OwnersTrump’s Attack on NY Sexual Assault Law Called ‘Absurd’ By JudgeThe Document That Separates Biden and TrumpYellen Says US to Take Extraordinary Steps to Avert a DefaultGermany’s industrial heavyweights like BASF SE battling an unprecedented energy crunch threatening factories and jobs are seeing signs the worst of the crisis has pass
Sputnik/Pavel Bednyakov/Kremlin via ReutersRussia’s close ally Belarus could formally join the war in Ukraine in the coming days if Moscow concludes that Ukraine has “used force” against either Russia or Belarus, a senior Russian foreign ministry official warned Friday.“Any use of force by the Kyiv regime or a Ukrainian military invasion of either Belarus or Russia would be enough to trigger a collective response,” Aleksey Polishchuk, a director of the Russian Foreign Ministry, told TASS, referr
Republicans have walked back a more than decade-long ban on smoking in the Capitol, established under former House Speaker Nancy Pelosi in 2007.
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