With Frontier deal dead, Spirit ponders sale to JetBlue
Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier. The decision by Spirit and Frontier to terminate their deal was announced while Spirit shareholders were still voting on the proposal. It was apparent that despite the support of Spirit's board, shareholders were prepared to reject the deal and seek a richer one from JetBlue. Spirit CEO Ted Christie said he was disappointed to drop the merger with Frontier. “The Spi
Read MoreOn The Money — Fed ramps up rates with recession fears rising
The Federal Reserve is ramping up its efforts to bring inflation down from four-decade highs. We’ll also look at the surprise revival of major pieces of Biden’s economic agenda and the passage of a big bipartisan deal. But first, Justice Clarence Thomas has
Read MoreNuclear innovation is key to America’s economic future
As energy prices continue to soar, President Biden is offering Americans a choice between a clean environment or a strong economy. This is a false and misleading choice. The most cost-effective way to ensure a reliable electricity supply and reduce global greenhouse gas emissions, while fostering our national, economic, and energy security interests, is through American innovation—including nuclear innovation. Nuclear power currently provides 19 percent
Read MoreHouse passes bill to expand COVID-era telehealth services
The House passed a bill Wednesday to expand telehealth services that were first introduced during the COVID-19 pandemic. The legislation, titled the Advancing Telehealth Beyond COVID–19 Act, passed in a 416-12 vote. Eleven Republicans and one Democrat objected to the measure. Two Republicans did not vote. Reps. Andy Biggs (R-Ariz.), Andrew Clyde (R-Ga.), Warren Davidson (R-Ohio), Marjorie Taylor Greene (R-Ga.), Jody Hice (R-Ga.), Clay Higgins (R-La.), Debbie Lesko
Read MoreClimate activists optimistic about Manchin-Schumer deal
Climate activists are feeling hopeful after Sen. Joe Manchin (D-W.Va.) and Majority Leader Charles Schumer (D-N.Y.) reached an agreement to move forward with legislation that includes energy and climate provisions. While the senators did not specify exactly what will be in the package, they said it will cut carbon emissions by approximately 40 percent by 2030 and will spend $369.75 billion on energy security and climate change programs over 10 years. Manchin i
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