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Jessica Smith

Chief Political Correspondent

Jessica Smith is an on-air reporter formerly for Yahoo Finance covering Washington through the lens of business. She was previously with Nexstar Media Group's DC Bureau, WISH-TV and FOX Business Network.

Labor Secretary: Vaccine requirement will help people feel safe at work, boost labor force participation

Secretary of Labor Marty Walsh says the Biden administration's new vaccine requirements will help boost the labor force participation rate.

3 years ago
Here's what's in the $1.75 trillion framework Biden is pitching to Congress

The White House announced a $1.75T spending plan on Thursday morning that administration officials say they should gain the support of every Democratic senator and pass the House.

3 years ago
'Failure is just not an option' for Democrats' spending plan, PIMCO's head of public policy says

PIMCO's Head of Public Policy, Libby Cantrill, says 'failure is just not an option' for Democrats' spending plans, but says package will be much smaller than President Biden originally hoped.

3 years ago
GOP senator rejects Jamie Dimon's call to end debt limit

Experts have warned about the 'catastrophic' consequences of a U.S. default, leading some to suggest taking the threat off the table and out of lawmakers' hands by eliminating the debt ceiling. Sen. Mike Braun (R., Ind.) rejects those calls.

3 years ago
Labor Secretary: 'There's no playbook on how to come out of a pandemic'

U.S. Labor Secretary Marty Walsh told Yahoo Finance there's "no question" the Delta variant had an impact on the disappointing August jobs report.

3 years ago
Treasury: 97% of small-business owners won't face income tax increase under Biden tax plan

The Treasury Department said on Thursday its new analysis shows 97% of small business owners will not see an income tax increase under President Biden's tax plan.

3 years ago
Labor secretary: U.S. economy is at a 'fragile' point

After the July jobs report showed the biggest employment increase in almost a year, the Biden administration is urging Americans to get vaccinated to stave off health and economic threats posed by the Delta variant.

3 years ago
Crypto rules in infrastructure bill show Washington's 'misunderstanding' of digital assets: Senator

A bipartisan trio of senators is trying to change a cryptocurrency provision in the infrastructure bill that the industry warns will have a 'devastating' impact on the space. As it stands, the infrastructure bill aims to raise revenue by cracking down on cryptocurrency tax reporting.

3 years ago

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Bipartisan infrastructure plan: 'If this is a take it or leave it...I'm going to leave it,’ Rep. DeFazio says

Rep. Peter DeFazio (D., Oreg.) — the Chair of the House Transportation and Infrastructure Committee — blasted the Senate's bipartisan infrastructure framework.

3 years ago
Space tourism tax: Congressman announces new plan after Blue Origin launch

Shortly after Jeff Bezos — the world's richest man — completed his first spaceflight, Rep. Earl Blumenauer (D., Oreg.) announced he's working on a plan for a new tax targeting space tourism.

3 years ago
Weed in America: Federal government 'disconnected from reality,' Wyden says

Sen. Ron Wyden of Oregon argues the federal government is "disconnected from reality" when it comes to legal marijuana.

3 years ago
Senators unveil plan to end federal prohibition of cannabis

Senate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana.

3 years ago
Biden signs executive order aimed at promoting competition across the economy

Biden signed an executive order on Friday aimed at promoting competition across the U.S. economy — including measures that target big tech companies, aim to lower prices for consumers and call for greater scrutiny of mergers across several industries.

3 years ago
Labor Secretary: Fall school openings should boost jobs comeback

U.S. Labor Secretary Mary Walsh says the better-than-expected June jobs report shows the Biden administration's economic plan is working — but there is still work to do.

3 years ago
Congressman urges Biden administration to close vaping flavor ban 'loopholes'

The acting FDA commissioner is set to testify before lawmakers about youth vaping.

3 years ago

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CEO optimism nears all-time highs: survey

CEO optimism is nearing all-time highs, according to Business Roundtable’s quarterly CEO economic outlook survey released on Tuesday.

3 years ago
Lawmakers divided over climate change proposals in infrastructure package

Progressives are warning against an infrastructure plan without climate change provisions, while Republicans argue the package should focus on physical infrastructure.

3 years ago
Biden aims to rally allies' support in first foreign trip

President Joe Biden is heading to Europe for the first international trip of his presidency. Throughout the trip he'll meet with world leaders in an effort to shore up alliances and build support among allies to counter emerging threats with a united front.

3 years ago
'Hollowed out': White House releases findings of critical supply chain reviews

The Biden administration released the findings of its 100-day reviews of critical supply chains — detailing vulnerabilities and making recommendations to strengthen manufacturing.

3 years ago
GOP senator: We've got to get 'back to the basics' on infrastructure

Defining 'infrastructure' is a major challenge in negotiations for a bipartisan infrastructure deal, in addition to the debate over how to pay for it.

3 years ago