Kevin Sabet of the anti-legalization group Smart Approaches to Marijuana and Paul Armentano from the Nat'l Organization for the Reform of Marijuana Law discuss DEA plans to reclassify the drug and Axios' Maria Curi discusses a potential TikTok ban.
Transportation Secretary Pete Buttigieg testifies on President Biden's 2025 budget request for the department and discusses funding to rebuild the Baltimore Key Bridge following its collapse earlier in the year.
Federal Reserve Chair Jerome Powell announced that the fed's benchmark interest rate would remain unchanged at 5.25% to 5.5% due to inflation still remaining too high. He also said it was "unlikely" that there would be a rate-hike in the near-future, saying the current rate is sufficiently restrictive for lowering inflation to the Fed's 2% goal. Mr. Powell's remarks occurred at his monthly news conference, following the Federal Open Market Committee's meeting on April 30-May 1. The Fed's benchmark interest rate has not changed since July 2023.
Acting Labor Sec. Julie Su testified on the 2025 budget request for her department before the House Education and the Workforce Committee. She said the department's $13.9B budget proposal had two main priorities: pathways to good jobs and protecting workers, especially those most vulnerable to exploitation. The committee's members then asked Ms. Su about a variety of issues, including diversity initiatives in apprenticeship programs, remote work, child labor, and the so-called gig economy. Ms. Su has served as acting secretary since March 2023.