Karen James Sloan
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@CNBC Senior Field Producer, Washington DC Bureau. Interests are in Politics, Business News and Entertainment. Wife and Mother-In-Chief. Oh so sweet Z phi B.
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Articles by Karen James Sloan
Senators clinch construction permitting deal before election jet-set
U.S. Senator Shelley Moore Capito (R-WV) speaks during a press conference at Capitol in Washington, D.C., U.S., May 20, 2025. Ken Cedeno | Reuters Senators on Wednesday clinched a long-awaited construction permitting deal just before the chamber is set to leave Washington until after November's midterm election, setting up a race to deliver a top business priority in the coming lame-duck congressional session.
AI, data center alarms dominate Congressional Black Caucus week in Washington Original
U.S. House Minority Leader Hakeem Jeffries (D-NY) (L) looks on as Congressional Black Caucus Chairperson Yvette Clarke (D-NY) speaks during a news conference in opposition to the SCORE Act in front of the U.S. Capitol on May 19, 2026 in Washington, DC. Alex Wong | Getty Images This year's Congressional Black Caucus Annual Legislative Conference, which wraps Sunday, has taken on a different feel than its usual college homecoming vibe.
AI, data center alarms dominate Congressional Black Caucus week in Washington
1 day ago Democrats are turning influencers into an essential part of their midterm strategy. But the party hasn't figured out the rules of engagement. Gina Hinojosa, the Democrat trying to win the governor’s mansion in Texas, confessed her love for the Wicked musical while mixing a strawberry milk latte with …
Senate appears ready to advance Blanche after Cornyn strikes deal Original
Acting Attorney General Todd Blanche is seen before a Senate Judiciary Committee confirmation hearing for his nomination to be Attorney General, at the Dirksen Senate Office Building in Washington, DC on July 15, 2026. Nathan Posner | Anadolu | Getty Images The Senate appears ready to advance the nomination of Todd Blanche to be the next attorney general after Sen. John Cornyn struck a deal to formally end the "anti-weaponization fund" to compensate President Donald Trump's political allies.
Epstein files: Ex-AG Pam Bondi’s April 14 testimony before House Oversight to be rescheduled
Pam Bondi, US attorney general, during a swearing-in ceremony in the Oval Office of the White House in Washington, DC, US, on Tuesday, March 24, 2026. Graeme Sloane | Bloomberg | Getty Images Former Attorney General Pam Bondi will not appear as scheduled on April 14 to testify to the House Oversight and Government Reform Committee about her and the Department of Justice's handling of the Jeffrey Epstein files, the panel's spokeswoman said Wednesday.
Fed Chair Jerome Powell can serve remainder of term, says Trump’s Treasury pick Bessent
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Fed Chair Jerome Powell can serve remainder of term, says Trump’s Treasury pick Bessent Original
Federal Reserve Chair Jerome Powell can finish his term leading the U.S. central bank despite prior insinuations that he could be pushed to step down, said Scott Bessent, a hedge fund magnate and President-elect Donald Trump's pick for Treasury secretary. "As the President said on Sunday, and I'm in complete agreement with him, that Jay Powell will serve out his term," Bessent told CNBC after a Tuesday meeting with Sen. Mike Crapo of Idaho.
Biden kept a Ford EV battery plant from going overseas. But not everyone is happy about it.
Ford is building a new $3.5 billion plant in Marshall, Mich., that will employ 2,500 workers making batteries for electric vehicles. Ford was initially considering sites outside of the U.S. but was lured to Michigan in part because of new federal tax credits that were part of the Inflation Reduction Act. The plant won't be complete until 2026, further complicating the ability for Democratic candidates to message on new jobs that don't yet exist.
Biden kept a Ford EV battery plant from going overseas. But not everyone is happy about it.
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Moderate Democrats push their party to do more to fight inflation Original
A coalition of moderate House Democrats is urging the party to fight harder to combat inflation, calling for action on issues ranging from tariffs to immigration and drug prices. The list of proposals Wednesday from the New Democrats, the largest voting bloc in the caucus, calls for executive action by the White House and legislation in Congress.
Crypto cash flows into midterm elections as the industry flexes its political clout Original
This year's midterm elections aren't just about red versus blue. Crypto investors are trying to turn politics orange. That's the color adopted by bitcoin's most ardent supporters, who have driven an influx of cash into campaigns across the country. Sam Bankman-Fried, CEO of crypto exchange FTX, is the primary force behind the political action committee Protect Our Future.
Some lawmakers and their families are betting thousands of dollars on crypto Original
Ranking member Sen. Pat Toomey (R-PA) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, September 28, 2021. Kevin Dietsch | Pool | Reuters Congress is taking a hard look at crypto — as an investment opportunity.
Millions of Frustrated Taxpayers Still Waiting on Last Year’s Refund as Tax Season Begins Original
Alysha Holliday is caught in an enormous bottleneck at the IRS. Typically, the agency receives 35 million calls during tax season. Last year, it got 119 million. In 2021, there were 81,600 employees at the agency, including 10,500 seasonal and temporary workers. That's less than the number of permanent employees at the agency in 2010. In an interview with CNBC, Treasury Deputy Secretary, Wally Adeyemo said the IRS needs more resources.
Millions of frustrated taxpayers still waiting on last year's refund as tax season begins Original
Alysha Holliday of Ohio, like millions of Americans, is still waiting for last year's tax refund. Alysha Holliday Tax filing season began this week, but millions of taxpayers are still waiting for last year's refunds. Alysha Holliday, 30, of North Olmstead, Ohio, is one of them. She filed an amended return in April, after Congress changed the rules to make thousands of dollars in unemployment benefits tax-free. Nine months later, the IRS is still processing her refund.
Millions of Frustrated Taxpayers Still Waiting on Last Year’s Refund as Tax Season Begins
Alysha Holliday is caught in an enormous bottleneck at the IRS. Typically, the agency receives 35 million calls during tax season. Last year, it got 119 million. In 2021, there were 81,600 employees at the agency, including 10,500 seasonal and temporary workers. That's less than the number of permanent employees at the agency in 2010. In an interview with CNBC, Treasury Deputy Secretary, Wally Adeyemo said the IRS needs more resources.
Massive layoffs and pay cuts are likely coming to state and local governments as federal aid goes elsewhere
A pedestrian walks past a boarded up Lori's Diner in San Francisco, California, U.S., on Tuesday, March 24, 2020. David Paul Morris | Bloomberg | Getty Images WASHINGTON – State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to pass Congress this week.
How millions of veterans could miss out on coronavirus stimulus checks
Martin Traiser of Yarmouth, a member of the Marine Corps League, holds his rifle at attention during the playing of Taps at the ceremony at Portland City Hall that was held after the Veterans Day parade on Monday, November 11, 2019. Gregory Rec | Portland Press Herald via Getty Images As many as 2 million veterans could miss out on the federal stimulus payments that started arriving in Americans' bank accounts this week, prompting outcries from advocates and lawmakers on both sides of the aisle.
US surfboard maker catches a break in ongoing trade war
Dennis Jarvis, Spyder Surf CEO and his MAGA surfboard Karen James | CNBC HERMOSA BEACH, Calif. — Inside Dennis Jarvis' small workshop, the noise is almost deafening as he buffs and smooths the hard styrofoam before him on a recent afternoon. He's a surfboard maker — or shaper, as they are called in the industry — and he's one of the best in the business. It's a dying craft here along these sunny California beaches.
States ramp up pressure on federal regulators to rein in Facebook, Apple, Google
PeopleImages.com | Getty Images States are turning up the pressure on federal regulators to police the biggest tech companies and give consumers more control over their personal data. Attorneys general in several states have already opened or are preparing to launch their own investigations into Facebook, Apple and Google over concerns about privacy and anti-competitive practices.
'The worst, ill-suited appointments': Pelosi slams Trump's Fed picks Herman Cain and Stephen Moore
Yuri Gripas | Reuters House Speaker Nancy Pelosi (D-CA) speaks at her weekly news conference on Capitol Hill in Washington, April 4, 2019. House Democratic leadership slammed President Trump's nominees for the Federal Reserve's board of governors, calling them unqualified and dangerous.
Fed Chairman Jerome Powell to meet with Democrats as Trump increases pressure on central bank
Jonathan Ernst | Reuters Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Federal Reserve Chairman Jerome Powell will meet with Democratic lawmakers at their annual policy retreat Thursday night as the central bank faces renewed political pressure from the Trump White House.
Bernie Sanders targets Walmart: Bill would block stock buybacks unless workers get $15 minimum wage
Drew Angerer | Getty Images Sen. Bernie Sanders (D-VT) speaks during a press conference to discuss legislation for a 15 dollar minimum wage, on Capitol Hill, May 25, 2017 in Washington, DC. 31 Democrats have pledged to support the legislation so far. In his latest broadside against big business, Sen. Bernie Sanders, I-Vt., is introducing a bill Thursday that would prevent large companies from buying back stock unless their employees are paid at least $15 an hour.
Investors can get big tax breaks if they invest in 'opportunity zones' under new Treasury rules
The Treasury Department on Friday outlined rules for investors seeking to finance development in under-served regions in exchange for significant tax breaks. The proposed guidance would govern investments in so-called "opportunity zones" across the country that were created under the sweeping new Republican tax law. Treasury Secretary Steven Mnuchin estimated as much as $100 billion in private capital could be funneled into those areas.
The Trump tax cuts were a big win for the GOP – but now House Republicans are fighting for survival
Rep. Peter Roskam has spent months preaching the benefits of Republicans' $1.5 trillion tax cut to voters in his suburban swing district just outside of Chicago. Roskam, a chief architect of the sweeping new law, argues it has jump-started economic growth. He credits the tax cuts with replenishing Medicare's health insurance fund, galvanizing manufacturing in his district and spurring companies to hire more workers. But there's one thing they may not be able to do: save his own job.
The crab industry is in a tough spot as President Trump clamps down on legal immigrant labor
As a supply truck backed up to the loading docks of G.W Hall and Sons on Hooper's Island last week, anxious crabbers stood by to unload dozens of bushels of live Maryland blue crabs. For generations, this has been a familiar scene at the start of crabbing seasons on Maryland's Eastern Shore: scores of crabs off to be steamed and then picked apart for their meat. This year, however, many in the industry are feeling the blues about what happens after the crabs are unloaded.
How bitcoin and cryptocurrencies are fueling America's opioid crisis
Aaron Shamo was a bitcoin millionaire. The 28-year-old former Eagle Scout was an early convert to cryptocurrency, a digital form of money that exists independently of any country or central bank. He began hunting for — or "mining" — bitcoin soon after it was created in 2009, while he was still a student at Utah Valley University. He stockpiled bitcoin even as he worked at outposts of Apple and eBay in Utah over the next few years.
Young immigrant who works for Johnson & Johnson pleads with lawmakers and CEO to save DACA
About 100 young undocumented workers urged lawmakers on Capitol Hill this week to permanently fix the Deferred Action for Childhood Arrivals program before it expires in the spring. The participants, organized by technology industry lobbying group FWD.us, met with legislators and staff on both sides of the aisle Tuesday and Wednesday. The campaign aims to prevent young adults brought to the U.S. as children from losing their work authorization or even being deported.
President Trump steps up pressure on Democrats to support tax reform
President Donald Trump is ratcheting up the pressure on Democrats to support a sweeping rewrite of the nation's tax code following his surprise deal with the party's leaders to raise the debt ceiling, fund the government and fast-track hurricane relief. Trump is slated to make his case during a dinner Tuesday night at the White House with three key red-state Democrats: Sens. Joe Donnelly of Indiana, Joe Manchin of West Virginia and Heidi Heitkamp of North Dakota.
Struggling to find workers, some employers offer opioid addicts a second chance
When Rupert bought the business four years ago, he got lots of calls from people looking for a job. He had only a few employees then and installed one or two countertops a week. Now, they have 15 to 20 installations in a day, and the situation has flipped. "The available workforce for us has really shrank. A lot of them that we are getting and interviewing, there are a lot a drug problems," Rupert said.
While you weren't looking, the next fight over the debt ceiling got started
Despite pressure from the White House, top House Republicans haven't committed to a no-strings-attached vote on raising the nation's borrowing limit before the August recess. House Speaker Paul Ryan on Wednesday vowed only that lawmakers would raise the debt ceiling before the country actually hits it — an event that would plunge financial markets into turmoil if it occurred and shake confidence in U.S. Treasurys, long considered one of the safest investments in the world.
Trump's budget proposal has an important part of the US heartland reeling
On one medium-sized farm in western Kansas, fourth-generation farmer Derek Sawyer is doing all he can to stay afloat. He has 2,500 acres of land and about 700 cows, but looming on the horizon is a White House budget proposal that would cut $38 billion in subsidies to farmers like him. President Trump's budget would slash several programs at the U.S. Department of Agriculture — including crop insurance — that farmers say have been a lifeline in recent years.
There's a $2 trillion mystery in the middle of Donald Trump's budget
The centerpiece of President Donald Trump's plan to revive the American economy is a package of massive tax cuts for businesses and households that the administration has promised will pay for itself. But after the White House released its budget this week, there's a lot of head-scratching over how that actually works.
Frustration is soaring at Palm Beach County airport as Trump hogs everybody's airspace
PALM BEACH, Fla. — President Donald Trump is wreaking havoc on local businesses and wealthy aircraft owners who rely on the regional airports surrounding Mar-a-Lago, or what the president calls the "Southern White House." Trump will host Chinese President Xi Jinping here beginning Thursday, creating what could be the longest air traffic shutdown around his resort ever.
U.S. Latest Business and Regional News
The last big DC team-up "Justice League" grossed the least amount of money among DC superhero films. But that bomb was followed by huge wins with "Aquaman" and "Wonder Woman." The future of the Justice League, and Superman and Batman, is uncertain.
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