Latest News Updates From Bloomberg News

GovernmentBusinessFuel

Colonial Shuts Largest US Gasoline Pipeline Over Leak

Colonial Pipeline Co. shut the largest U.S. fuel pipeline Jan. 14 to investigate a potential leak in Georgia.

January 14, 2025
Business

US Car Sales Get Year-End Boost From Trump鈥檚 EV Threat

The threat by President-elect Donald Trump to end tax credits for electric vehicles helped lift sales in the fourth quarter, giving U.S. automakers a much-needed boost after a disappointing year.

January 3, 2025
GovernmentBusiness

House Passes Spending Plan Hours Before Shutdown Deadline

The spending bill would keep the government open through March 14, provide disaster relief and give billions of dollars in economic aid to farmers. It will not suspend the national debt limit.

December 20, 2024
GovernmentBusinessTechnologyEquipmentFuel

China Races to Ship Batteries to US Before Tax Changes

Shipments of lithium-ion batteries to the U.S. jumped by 27% to $1.9 billion in November from a year earlier. The export tax rebate for batteries was cut to 9% from 13%.

December 20, 2024
GovernmentBusiness

Trump Faces Setback as House Nixes Spending Plan

The bill failed by a vote of 235 to 174, with 38 Republicans voting against it in defiance of both Trump and Musk. Nearly all Democrats voted against the spending package.

December 19, 2024
GovernmentBusiness

Trump, Musk Reject Johnson鈥檚 Plan to Avert Shutdown

The drama left Johnson huddling with allies in his Capitol office to come up with a Plan B that would keep the government financed and avoid the political pain of a shutdown come Dec. 21.

December 19, 2024
BusinessTechnologyFuel

Nissan and Honda Consider Merger to Take on Toyota

Honda Motor Co. and Nissan Motor Co. are exploring a potential merger, according to people familiar with the matter, which would create a singular rival to Toyota Motor Corp.

December 18, 2024
GovernmentBusiness

Lawmakers Agree to More Than $100 Billion in Disaster Relief

Congress reached agreement on more than $100 billion in emergency relief funding for victims of a series of disasters, including hurricanes Helene and Milton and the Baltimore bridge collapse.

December 18, 2024
GovernmentBusinessPrivate

Agriculture Industry Talks With Trump Team on Immigration

The U.S. agriculture industry has started talks with Donald Trump鈥檚 transition team in a bid to advocate for the food business as the president-elect pledges tariffs and mass deportations.

December 13, 2024
GovernmentBusinessTechnology

Trump鈥檚 Push to Eliminate EV Tax Credits Hits Red States

President-elect Donald Trump鈥檚 vow to repeal subsidies for electric vehicles risks pushing Republican congressional allies into conflict with their home-district economic interests.

December 12, 2024