Washington Financial News

By Humeyra Pamuk

Tax policy is pretty much as certain as taxes themselves for the moment, which will make tax season a bit easier for financial advisors and their clients.

Gaza, giving Arab leaders more time to try to persuade the US to let it pass. Top diplomats from countries including Egypt, Qatar and Jordan were set to meet with Secretary of State Antony Blinken in Washington later Friday amid a push for the US to abstain from voting. Given the US's status as a veto-wielding permanent member of the council, a no vote would kill the resolution.

While United States federal policymakers look to implement cryptocurrency and blockchain regulations, state-led organizations are taking initiatives to ensure that policy focused on cryptocurrency and blockchain adoption pass within the U.S. This is important to consider given that federal U.S. policymakers continue to remain divided on policy focused on cryptocurrency and blockchain technology usage.

By Leah Douglas

By Howard Schneider

By Phuong Nguyen

Can the U.S. economy achieve a much-hyped “soft landing”

President Joe Biden is heading to Las Vegas to showcase $8.2 billion in funding for 10 major passenger rail projects across the country

The Biden administration is putting pharmaceutical companies on notice

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits increased less than expected last week as the labor market continues to gradually slow amid cooling demand.

The Bill & Melinda Gates Foundation announced Thursday that it will donate $100 million to expand its work on economic mobility in the U.S. The country’s largest foundation says the commitment represents a change in how it operates by putting more powe...

KYIV, Ukraine—This summer, two seaborne drones called Sea Babies left Ukrainian territory and sped across the Black Sea before striking a Russian-built bridge and exploding. The attack was heralded not just for the damage done but because the so-called sea drones were designed and built in Ukraine. Since Russia’s full-scale invasion of its neighbor in 2022, the U.S.

Chinese warships have made a first visit to a Cambodian naval base that Washington has long feared will boost Beijing's influence in the Gulf of Thailand. A Cambodian defence ministry official said on Thursday that Chinese-funded work to expand the Ream base, near the port city of Sihanoukville, would be «finished soon». Cambodian Defence Minister Tea Seiha said on his Facebook page that he had visited the two ships docked at the base on Sunday «to prepare a training of our Cambodian naval fleet». Cambodian officials refused to give any details of the vessels, the purpose of their visit or how long they were staying, but a sign on one of the gangways identified it as belonging to the Chinese navy. Chinese Foreign Ministry spokesperson Wang Wenbin said: «China and Cambodia have an extremely deep friendship, and the two sides have developed richly successful cooperation in many fields.» The Vice-Chairman of China's Central Military Commission, General He Weidong, visited Phnom Penh earlier this week and met Prime Minister Hun Manet. Cambodia has long had close relations with Beijing and US officials fret that the base will boost China's effort to buttress its international heft with a string of naval and military outposts. Satellite imagery published in July showed that a 363-metre (1,190-foot) pier had been built jutting out into the sea.

US Republican presidential candidate Vivek Ramaswamy has slammed the Securities and Exchange Commission (SEC) criticizing the current crypto regulatory framework.

Ian Fleming: The Complete Man. By Nicholas Shakespeare. Harvill Secker; 864 pages; £30. To be published in America by Harper in March; $35 It was a chance invitation to a dinner party that changed Ian Fleming’s life and legacy.

One of Washington’s biggest China critics traveled to New York in mid-September to meet with some of Wall Street’s best-known financiers. His mission was to persuade them to stop investing in China. Wisconsin Republican Mike Gallagher, who chairs a House committee on China, was surprised to find they didn’t need much coaxing.

Changpeng Zhao, former CEO of Binance known as CZ, had his guilty plea accepted by a U.S. judge in a case involving anti-money laundering (AML) regulations.

House Republicans have approved a bill to block strict new tailpipe pollution limits proposed by the Biden administration, calling the plan a back-door mandate for electric vehicles

The White House is pushing back a plan to ban menthol cigarettes, an unexpected delay that quickly sparked criticism from anti-smoking groups

By James Oliphant and Tim Reid