Washington Financial News

WASHINGTON (Reuters) — The top bosses of JPMorgan, Morgan Stanley, Citigroup and other major banks will warn lawmakers that new regulations will hurt credit and the broader economy, according to prepared testimony published on Tuesday.

May December,' 'Past Lives' led the nominations for the 2024 Film Independent Spirit Awards, which were announced Tuesday morning. American Fiction, May December and Past Lives garnered five nominations. Full list of nominations: BEST FEATURE

The Supreme Court is taking up a case over a Washington couple’s $15,000 tax bill that is widely seen as a test of a never-enacted tax on wealth

U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace

The Supreme Court has dismissed a case involving a Maine hotel that could have made it harder for people with disabilities to learn in advance whether hotel accommodations meet their needs

By Patricia Zengerle

The cryptocurrency industry has spent a staggering $18.96 million in federal lobbying in the first three quarters of 2023.

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

By Valerie Insinna and Joanna Plucinska

India and the USA on Monday held a comprehensive review of India-US Initiative on Critical and Emerging Technologies (iCET) at the level of Deputy National Security Advisers and agreed to broaden the scope of iCET to biotechnology, critical minerals and rare earths processing technologies, digital connectivity and digital public infrastructure, and advanced materials. Jonathan Finer, Principal Deputy National Security Adviser of the United States on Monday held consultations with Vikram Misri, Deputy National Security Adviser. This is a follow up to the visit of US NSA Jake Sullivan to India in June 2023 and the visit of NSA Ajit Doval to US in January 2023. The two Deputy NSAs have agreed to broaden the scope of iCET to biotechnology, critical minerals and rare earths processing technologies, digital connectivity and digital public infrastructure, and advanced materials, officials said, adding, they also affirmed the importance of easing regulations to facilitate high-tech collaborations, and transfer of technology. During the consultations, the two Deputy NSAs reviewed key bilateral issues and exchanged views on regional and global developments, officials said.

By Lucia Mutikani

snowfall to cities across the Midwest and Ohio Valley, including Chicago, Indianapolis, and Columbus, Ohio. This may result in challenging conditions for the Tuesday morning commute. This weather development follows a winter storm that affected parts of northern New England at the beginning of the workweek, depositing heavy, wet snow and causing disruptions to the Monday morning commute, along with numerous power outages. In the Pacific Northwest, concerns about flooding are increasing as rivers and streams in Washington and Oregon are on the rise due to a series of atmospheric river storms delivering substantial rain to the region. This precipitation is causing the melting of mountain snow, contributing to water accumulation in low-lying areas. According to the FOX Forecast Center, warm air surging from the Pacific will elevate snow levels above 9,000 feet, surpassing weekend levels. Due to the potential flooding risk, Flood Watches have been issued in the Pacific Northwest, covering areas from western Washington through western Oregon, including major cities like Seattle, Olympia, Portland, Salem, Eugene, and Medford.

By Jeff Mason and Patricia Zengerle

The nine candidates were named on NBC's «Today Show», highlighting individuals, concepts or groups that «had the most influence on the world throughout the previous 12 months.» Here the top nine nominees for the award: Hollywood strikers As reported by Time, the strike staged by Hollywood actors and writers this year showcased «a rare show of the power of both labor and the entertainment industry.» The 118-day strike concluded in November with the negotiation of a tentative agreement between SAG-AFTRA, the union representing 160,000 actors and media professionals, and Hollywood studios and streaming services. Xi Jinping The Chinese President has figured in the Time100 list for over 10 times.

By John Kruzel and Andrew Chung

In over three decades as a financial advisor, Diane Young has answered clients’ questions about taxes and Social Security. She’s running for Congress to influence those issues.  

India vs South Africa: High on the confidence boost it received after its comprehensive 4-1 series victory against Australia, Team India is all set for the South Africa series. The T20, ODI, and Test series in South Africa are going to be interesting in many aspects, especially because many young emerging players will get an opportunity to showcase their talent and represent the potential of Indian cricket in the future.

The United States has taken action to reduce methane emissions from oil and natural gas production

The Supreme Court is hearing arguments over a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said

Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules being proposed