James Murdoch, a son of Fox News mogul Rupert Murdoch, spent $100 million to fund largely nonpartisan and Democratic-leaning causes in the 2020 election cycle.
The Senate is set to pass one of the largest industrial bills in U.S. history to bulk up technology manufacturing in an effort to match competition from China.
The world's most powerful economies have been at odds over taxation for some time. The goal is to make sure companies are paying taxes to the proper regions.
U.S. officials said they were able to retrieve some of the money paid to criminal hackers involved in a crippling ransomware attack on Colonial Pipeline.
The president's $4 trillion spending proposal would be positive for the U.S., even if it hikes up interest rates, Treasury Secretary Janet Yellen said.
President Joe Biden responded to the May jobs report, citing the steady growth in jobs and the decline in unemployment as evidence his economic plan is working.