Washington Financial News

Joe Biden Administration has stopped funding for a research program to discover thousands of exotic pathogens from around the world. Notifying the termination of the research program, the US Agency for International Development said that amid objections from lawmakers and many scientists, the program has been closed down within two years of its inception. A USAID spokesperson said that the funding was stopped after the “relative risks and impact” were re-evaluated.

WASHINGTON—With less than six months to prepare for his federal election-interference trial, Donald Trump’s lawyers are turning to a familiar strategy for the former president: long-shot legal motions that publicly criticize the case and raise novel questions that could serve to delay it. In a heated hearing last week, Trump lawyer John Lauro said he couldn’t build a full-throated defense for his client in the months remaining before the March 2024 start date and pressed the judge for more time. Short of that, Trump’s team has promised—but not yet filed—a flurry of requests that legal experts say probably won’t derail the criminal trial in Washington but could delay it by raising complicated legal issues that might take time to sort out.

WASHINGTON—President Biden has steered clear of talking about former President Donald Trump’s mounting legal problems. Trump’s record, however, is another story. Biden is in the early stages of seeking to define Trump’s record as president, reminding voters about how “the last guy" in the White House managed the economy and a spate of domestic issues.

The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes

Joe Biden arrived in national capital Delhi on Friday to participate in the G20 Summit to be chaired by Prime Minister Narendra Modi. US President Biden, along with Janet Yellen, went for closed door meeting with PM Modi on Friday, after the former arrived in India. He was received at the airport by Minister of State for Road Transport & Highways and Civil Aviation Gen VK Singh (retd).

The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao have been accused of misusing investor funds, operating as an unregistered exchange, and violating a slew of US securities laws in a lawsuit filed by US regulators.

Huawei Technologies.Bloomberg News previously reported that the South Korean chipmaker's DRAM — LPDDR5 — and NAND Flash memory are used in the Chinese tech company's latest smartphone Mate 60 Pro. SK hynix's memory products were «an isolated example of materials» the Chinese handset maker sourced from overseas, according to the report. «SK hynix no longer does business with Huawei since the introduction of the U.S. restrictions against the company and with regard to the issue, we started an investigation to find out more details,» the chipmaker said. «Also, SK hynix is strictly abiding by the U.S.

Investing.com-- Gold prices rose slightly from a 10-day low on Friday, taking some relief as the dollar retreated from a near six-month high, while weak data from Japan and fears of worsening U.S.-China tensions also drove some safe haven demand for the yellow metal.

By David Lawder

G20 summit. "That said, China has quite a bit of policy space to address these challenges," she added. China's President Xi Jinping will miss the leaders' meeting at a time of heightened trade and geopolitical tensions with the United States and India, with which it shares a long and disputed border.

Joe Biden who departed to India to attend the G20 Summit does not intend to meet with Chinese Premier Li Qiang this weekend, as reported by Bloomberg. The president’s national security advisor, Jake Sullivan, briefed reporters on the summit agenda after the president left Washington on the trip, which will also take him to Vietnam. “We don’t have a plan for the president to engage with the Chinese premier at this time," Sullivan said as quoted by Bloomberg.

Investigators say a blocked radio transmission caused a close call between two passenger planes in San Diego in June

President Joe Biden wants to show the world at the Group of 20 summit in India and during a stop in Vietnam that the United States and its like-minded allies are better economic and security partners than China. White House officials said Biden, who departed Thursday evening for New Delhi, will use the annual G20 gathering as an opportunity for the U.S. to highlight a proposition for developing and middle-income countries that would increase the lending power of the World Bank and International Monetary Fund by some $200 billion.

China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make “cross-regional use” of its CBDC in the bloc.

Joe Biden leaves for the G20 in India on Thursday, aiming to boost alliances at a summit where global tensions will be highlighted by the absence of the leaders of China and Russia. Biden will try to show that on big transnational issues, Washington is a better partner than Beijing or Moscow -- and that the G20 remains a key forum.

WASHINGTON—Ashley Lair was struggling to pay rent when she decided to leave her bartending job last year and pursue a new career in the construction industry. Now, a year into her apprenticeship, Lair drives haul trucks and transports dirt, gravel and rocks for a highway project. She earns $38 an hour, plus overtime—more than double her pay as a bartender.

By David Lawder

By Pete Schroeder

President Joe Biden hopes to demonstrate to the world at the upcoming Group of 20 summit in India and during a visit to Vietnam that the United States and like-minded allies can be more trustworthy partners than China on economic and security issues

President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration, which has been without a permanent leader for a year and a half

WASHINGTON (Reuters) — The U.S. Treasury will push for a general increase in International Monetary Fund quota resources this year that would be spread evenly across the institution's membership, the department's top economic diplomat said on Thursday.