Washington Financial News

The latest indictment against Donald Trump accuses the former U.S. president and 18 other defendants of allegedly participating in a criminal conspiracy to overturn the 2020 election results in Georgia — and it uses a law typically levied against organized crime networks.Georgia’s Racketeer Influenced and Corrupt Organizations Act, otherwise known as the RICO Act, is modeled after a similar but narrower federal law that was introduced to combat the mafia in the 1970s.Many other states quickly introduced their own, broader RICO laws that can be used to prosecute any kind of criminal enterprise in which alleged participants commit crimes in furtherance of a larger scheme.“RICO laws punish more severely the participation in a criminal enterprise to commit a series of crimes, recognizing the greater harms posed by a group of people acting with the purpose of committing multiple crimes,” Mary Fan, a law professor at the University of Washington, explained in an email.Within the RICO charge applied to all 19 defendants, the other felony counts — 40 in all — are portrayed as further criminal acts in service to the overall conspiracy.

Elon Musk's X platform (formerly known as Twitter) on Tuesday delayed access to links to content on the Reuters and New York Times websites as well as rivals like Facebook and Instagram, Washington Post reported. The aforementioned affected websites suffered a delay of about 5 seconds while clicking a link on the X before the webpage loaded, citing tests it conducted yesterday, the Washington Post added. However, by afternoon the X platform eliminated the delay.

Indian Embassy beefed up. A large number of police personnel were deployed outside the premises of the Indian embassy, a video posted by news agency ANI showed. This came after Pro-Khalistan groups had planned to stage protests outside the Indian Embassy in Washington DC amid a scheduled Independence Day celebration.

A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet.

Investing.com – The Argentina peso faces a tough road ahead, ING warned Tuesday, as the recent shock primary election victory for Argentina's far-right presidential candidate Javier Milei throws the country's political and economic future into doubt. 

There are so many dots on the maps they blur into blobs – each one reflecting trillions of public and private dollars flowing in the U.S. in a nationwide investment

President Joe Biden is asking the major U.S. automakers and their workers’ union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles

Child welfare advocates have filed a federal lawsuit asking a judge to force the Biden administration to block imports of cocoa harvested by children in West Africa that ends up in America’s most popular chocolate desserts and candies

By Sarah N. Lynch and Jacqueline Thomsen

Energy-rich countries across the Middle East and North Africa are struggling to keep power flowing to their own citizens during intense summer heat, with Egypt the latest to impose rolling blackouts. The outages here have prompted concerns that Cairo’s domestic gas supply is running low. Iran and Iraq, both oil exporters, are also facing blackouts as blistering temperatures envelop the region, with the thermometer reaching 122 degrees Fahrenheit in Baghdad, buckling aging power grids.

By Andy Sullivan, Jacqueline Thomsen and Joseph Ax

WASHINGTON (Reuters) — U.S. import prices rebounded more than expected in July amid higher costs for petroleum products and food, but underlying imported inflation pressures remained muted.

WASHINGTON (Reuters) — U.S. retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early in the third quarter and keeping a recession at bay.

CoinShares Chief Strategy Officer (CSO) Meltem Demirorsas believes crypto is gaining more and more power in Washington, becoming a political powerhouse.

Even President Joe Biden has some regrets about the name of the Inflation Reduction Act

President Joe Biden is stopping in the battleground state of Wisconsin to discuss how policies he calls “Bidenomics” are boosting the economy

The White House is taking on “junk fees,” those extra charges tacked on to plane tickets, hotel rooms, hospital bills and more

President Joe Biden is asking the major U.S. automakers and their workers’ union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles

By Kanishka Singh

WASHINGTON (Reuters) — The U.S. state of Georgia appears set to charge Donald Trump with a variety of charges, including racketeering, conspiracy and false statements, according to a two-page docket report posted to the Fulton County court's website.

WASHINGTON (Reuters) -U.S. President Joe Biden on Monday called for union auto workers and Detroit's Big Three automakers to come together on a new agreement before their contacts expire next month.