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* HOME * MAIL * NEWS * FINANCE * SPORTS * ENTERTAINMENT * LIFE * SEARCH * SHOPPING * YAHOO PLUS * MORE... * * Yahoo Finance Tip: Try a valid symbol or a specific company name for relevant results TRENDING TICKERS * BTC-USD * ICP-USD * SOL-USD * XLM-USD * ETH-USD Sign in NOTIFICATIONS TODAY * News • 3 hours ago Pack that knapsack and grab your passport for 2024: Experts say to expect a travel boom in the year ahead. * News • 7 hours ago Why the most widely anticipated recession in history never came * News • 9 hours ago Four things that columnist Rick Newman says went right, and three that went wrong. * News • 13 hours ago Stocks closed 2023 near record highs. Here's what Wall Street thinks is coming in 2024. * News • yesterday This year in Bidenomics: 4 things that went right, and 3 that went wrong OLDER * News • Dec 29, 2023 Stocks end 2023 near record highs, defying a year of higher rates * News • Dec 29, 2023 Soft or hard landing? Here's what market pros are telling Yahoo Finance about 2024. * News • Dec 29, 2023 Stocks little changed as Wall Street closes a record year * News • Dec 29, 2023 The New York Times lawsuit against Microsoft and OpenAI means that AI's future is now in the hands of the courts * News • Dec 29, 2023 A Chinese smartphone maker is touting itself as an unlikely candidate to take on Tesla and Porsche * News • Dec 29, 2023 Why the most widely anticipated recession in history never came * News • Dec 28, 2023 S&P 500 sits within fraction of record as stocks set for final day of roaring 2023 * News • Dec 28, 2023 Mortgage rates hit their lowest level since May. They've fallen to around 6.6% after reaching highs of near-8% in October. * News • Dec 28, 2023 US pending home sales were stuck at a multi-decade low despite a recent dip in mortgage rates * News • Dec 28, 2023 Stocks rise at open as blowout 2023 nears end * News • Dec 28, 2023 Morgan Stanley's straight-talking new CEO is set to take charge * News • Dec 28, 2023 As a strong year in US stocks winds down, fund managers face a potentially consequential choice in 2024 * News • Dec 27, 2023 This late-night email to Tim Cook set the Apple Watch saga in motion (Bloomberg) * News • Dec 27, 2023 Nvidia stock still looks cheap despite its 200%-plus surge, analysts say. Here's why. * News • Dec 27, 2023 Stocks drift higher as S&P 500 sits near new record * News • Dec 27, 2023 Wall Street banks want to forget about 2023. But 2024 may not be much better. * Breaking News • Dec 27, 2023 Apple wins bid to pause Apple Watch ban at US appeals court * News • Dec 27, 2023 The Times accused OpenAI and Microsoft of using millions of the newspaper's articles without permission to help train AI * News • Dec 27, 2023 Stocks steady at open as S&P 500 inches toward record * News • Dec 27, 2023 2023 brought an advertiser exodus and degraded experience for users. But Elon Musk's X is still standing. * News • Dec 27, 2023 It was a tough year for almost every bank not named JPMorgan (Bloomberg) * News • Dec 26, 2023 The automakers are coming to grips with newly empowered workers. Where will it all lead? * News • Dec 26, 2023 Stocks rise as 2023 trading wraps up, riding momentum of year-end rally * News • Dec 26, 2023 Stock market news today: Stocks rise as 2023 trading wraps up * News • Dec 25, 2023 EV, hybrid and gas-powered: The most interesting cars coming in 2024 (via CNN Business) * News • Dec 24, 2023 You've seen the neighborhoods. Here's what it’s like to buy and live in one known for its sparkling holiday displays. * News • Dec 24, 2023 The US stock market will enter the final trading week of 2023 with the whole story coming together * News • Dec 24, 2023 Amid unprecedented 'double whammy' strikes, 2023 will be remembered for Hollywood as a complicated and disruptive year * News • Dec 23, 2023 Investors in the candy giant are hoping for a sweeter 2024. One analyst says innovation will be key. * News • Dec 23, 2023 Prices didn't just grow more slowly, they actually went down * News • Dec 23, 2023 Why 2024 could be the year of media dealmaking * News • Dec 22, 2023 Here's why some Americans are working through the holidays * News • Dec 22, 2023 Stocks clinch 8th-straight winning week as inflation nears Fed's target * News • Dec 22, 2023 Nike stock sank more than 10% after a the company gave a dismal sales outlook and highlighted a major cost-cutting initiative. * News • Dec 22, 2023 A new reading of the Fed's preferred inflation gauge could clinch its dovish shift in 2024 * News • Dec 22, 2023 Stocks edge higher at open with 8th straight week of wins in sight * Breaking News • Dec 22, 2023 Fed's favored inflation gauge tumbles as price pressures ease more than expected * News • Dec 22, 2023 The stock market is at its best when it's closed * News • Dec 22, 2023 Crypto had a surprisingly great year. It still faces threats in 2024. * News • Dec 22, 2023 Big changes for retirement are coming in 2024. Here's what you need to know. * News • Dec 21, 2023 Elon Musk and Exxon talked up a key ingredient in EVs this year. Here's why. * News • Dec 21, 2023 S&P 500, Nasdaq lead stock market rebound after worst day in months * News • Dec 21, 2023 Apple has stopped online sales of some smartwatches in the US amid an ongoing patent dispute * News • Dec 21, 2023 Wall Street analysts say a merger between Warner Bros Discovery and Paramount would likely leave both 'worse off' * News • Dec 21, 2023 The rate on the 30-year mortgage declined to 6.67%. But the drop so far hasn't coaxed buyers back into the market. View all notifications Mail Sign in to view your mail * Finance * Watchlists * My Portfolio * Markets * YF Chartbook * Calendars * Trending Tickers * Stocks: Most Actives * Stocks: Gainers * Stocks: Losers * Top ETFs * Futures * World Indices * Currencies * Top Mutual Funds * Options: Highest Open Interest * Options: Highest Implied Volatility * US Treasury Bonds Rates * Currency Converter * News * Latest News * From the Newsroom * Stock Market News * Earnings * Politics * Economic News * Morning Brief * Personal Finance News * Crypto News * Bidenomics Report Card * Videos * Yahoo Finance Invest * Yahoo Finance Live * ETF Report * Good Buy or Goodbye * FA Corner * Options Pit * Yahoo Finance Plus * Dashboard * Research Reports * Investment Ideas * Community Insights * Webinars * Blog * Screeners * Saved Screeners * Equity Screener * Mutual Fund Screener * ETF Screener * Futures Screener * Index Screener * Analyst Rating Screener * Technical Events Screener * Smart Money Screener * Top Holdings Screener * Personal Finance * CD rates * High-yield savings accounts * Money market accounts * Checking accounts * Online checking accounts * Personal loans * Car insurance * Student loans * Banking * Taxes * Rates * Best rewards credit cards * Best cash back credit cards * Best credit card interest rates * Best travel credit cards * Best balance transfer credit cards * Best business credit cards * Home Buying * Crypto * Sectors * Basic Materials * Communication Services * Consumer Cyclical * Consumer Defensive * Energy * Financial Services * Healthcare * Industrials * Real Estate * Technology * Utilities * Contact Us … * Crypto * Sectors * Basic Materials * Communication Services * Consumer Cyclical * Consumer Defensive * Energy * Financial Services * Healthcare * Industrials * Real Estate * Technology * Utilities * Contact Us U.S. markets closed * S&P 500 4,769.83 -13.52 (-0.28%) * DOW 30 37,689.54 -20.56 (-0.05%) * NASDAQ 15,011.35 -83.78 (-0.56%) * RUSSELL 2000 2,027.07 -31.26 (-1.52%) * CRUDE OIL 71.33 -0.44 (-0.61%) * GOLD 2,071.80 -11.70 (-0.56%) * SILVER 24.02 -0.35 (-1.42%) * EUR/USD 1.1040 -0.0027 (-0.24%) * 10-YR BOND 3.8660 +0.0160 (+0.42%) * GBP/USD 1.2733 +0.0005 (+0.04%) * USD/JPY 140.9980 -0.3820 (-0.27%) * BITCOIN USD 42,242.96 +37.13 (+0.09%) * CMC CRYPTO 200 885.54 0.00 (0.00%) * FTSE 100 7,733.24 +10.50 (+0.14%) * NIKKEI 225 33,464.17 -75.45 (-0.22%) The Fiscal Times HOUSE GOP PASSES BILL TO CUT ENVIRONMENTAL PROTECTION AGENCY BUDGET BY 40% Read full article 6 Yuval Rosenberg November 3, 2023·3 min read iStockphoto The Republican-led House on Friday approved another 2024 appropriations bill, passing legislation that would slash the Environmental Protection Agency’s budget by nearly 40%. The funding bill covering the Department of Interior, Environment and Related Agencies passed by a 213-203 vote that fell almost entirely along party lines. Three Republicans — Reps. Brian Fitzpatrick of Pennsylvania and Mike Lawler and Marc Molinaro of New York — voted against it, while Democrat Vicente Gonzalez of Texas voted for it. The GOP plan would provide 35% less in total funding than in fiscal 2023 and reportedly would provide the Environmental Protection Agency with its smallest budget in three decades, about $6.2 billion. It would cut 39%, or nearly $4 billion, from the EPA’s 2023 funding and would provide nearly $6 billion less for the agency than President Joe Biden requested in his budget. “In addition to the top-line EPA cuts, the GOP bill would also rescind provisions from the climate, tax and health care bill that Democrats passed last year,” The Hill notes. “It targets funding aimed at helping underserved communities combat climate change and pollution. It additionally seeks to defund the EPA’s efforts to curtail toxic pollution and planet-warming emissions, preventing the agency from using funding to enforce its rules on power plants.” The bill would also deliver $14.3 billion for the Interior Department, reducing its funding by $677 million, or 4.5%. It would cut the National Park Service funding by $436 million, or 13%, among other provisions. Republican amendments seeking to slash the salaries of officials including Interior Secretary Deb Haaland, EPA Administrator Michael Regan and Bureau of Land Management Director Tracy Stone-Manning all to $1 fell far short of being adopted. Why it matters: Republicans touted the potential EPA cuts as a step toward fiscal responsibility and a blow against what they described as the Biden administration’s “extreme anti-energy policies” and costly regulatory overreach. “Cutting funding is never easy or pretty, but with the national debt in excess of $33 trillion and inflation at an unacceptable level, we had to make tough choices to rein in federal spending,” said Rep. Mike Simpson of Idaho, who heads the Appropriations subcommittee responsible for the legislation. Story continues The House GOP’s proposed cuts have little chance of becoming law, though they set a marker for likely negotiations with the Democratic-led Senate, where a plan with bipartisan support calls for $42.7 billion in total funding, compared with $25.4 billion in the House package. House lawmakers fended off pressure from hardliners to pursue even steeper cuts, but Democrats slammed the existing plan as austere and irresponsible. “This harmful bill debilitates America’s ability to address the climate crisis and hobbles the agencies within its jurisdiction,” said Rep. Chellie Pingree of Maine, the top Democrat on the Interior-Environment subcommittee. The White House has threatened to veto the House bill. The bottom line: The GOP cuts are unlikely to be enacted, but in addition to their political messaging they also signal just how much work is left to be done in the annual appropriations process. The House has now passed seven of 12 required appropriations bills, while the Senate has approved three, though the spending bills there have been moving with bipartisan support and largely reflect spending levels agreed upon by both parties earlier this year. Lawmakers will have to approve a stopgap spending bill by November 17 to avoid a government shutdown. 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