A vote on final passage could come over the weekend. Republicans, who are expected to drag out the process, began the start of a contentious debate by forcing Senate clerks to read the entire bill - a process expected to take up to 10 hours.
Business & Financial News, U.S & International Breaking News
Surging bond yields push Asian shares to one-month lows
Asian stocks skidded to one-month lows on Friday as rising U.S. Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen.
China's parliament to delay Hong Kong legislative vote, overhaul electoral system
Elections for Hong Kong's legislature will likely be deferred for a second year to September 2022 as Beijing plans a major overhaul of the city's electoral system, a severe blow to remaining democratic hopes in the global financial hub.
GameStop spikes as investors eye cryptic tweet by shareholder
Shares of Reddit-darling GameStop climbed on Thursday, rising more than 20% at one point in yet another unexplained move that left market watchers looking for a possible catalyst.
U.S. Capitol calm amid high security; Trump supporters hold faith he will return
A smattering of followers of the QAnon conspiracy theory gathered near the U.S. Capitol on Thursday, the day the movement had predicted former President Donald Trump's return to office, but they were far outnumbered by security forces deployed to deter any possible attack.
Texas electric industry financial crisis to grow as more costs surface
The Texas electricity market faces "insurmountable distress" as more gas and service bills come due, power industry officials said on Thursday at a hearing into financial fallout from the state's February blackout.
Square's $297 million deal for Jay Z's music service Tidal may bring blockchain to masses
Payments firm Square Inc agreed on Thursday to buy a majority stake in rapper Jay-Z's Tidal music streaming service for $297 million in a deal that could popularize blockchain or other new approaches to storing and buying online media.
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