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The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials said.

The administration announced it would penalize its largest-ever batch of companies linked to Xinjiang, including major suppliers of critical minerals and textiles.

The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.

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President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.

Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.

Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.

Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.

The tech industry is fighting new regulations, expected soon, that aim to keep the cutting-edge technology in the United States and allied countries.