Washington Financial News

16.01 / 03:59

World Bank Cuts 2023 Global Growth Projection as Inflation Persists

WASHINGTON—The World Bank sharply lowered its growth forecast for the global economy this year as persistently high inflation has elevated the risk for a worldwide recession.

15.01 / 18:09

Yellen Calls on Congress to Raise Debt Limit

WASHINGTON—Treasury Secretary Janet Yellen called on Congress to raise the debt ceiling as soon as possible, warning that the government could become unable to pay its bills after early June.

15.01 / 13:45

World Bank Cuts 2023 Global Growth Projection as Inflation Persists

WASHINGTON—The World Bank sharply lowered its growth forecast for the global economy this year as persistently high inflation has elevated the risk for a worldwide recession.

14.01 / 19:15

Yellen Calls on Congress to Raise Debt Limit

WASHINGTON—Treasury Secretary Janet Yellen called on Congress to raise the debt ceiling as soon as possible, warning that the government could become unable to pay its bills after early June.

14.01 / 14:01

World Bank Cuts 2023 Global Growth Projection as Inflation Persists

WASHINGTON—The World Bank sharply lowered its growth forecast for the global economy this year as persistently high inflation has elevated the risk for a worldwide recession.

13.01 / 20:33

Yellen Calls on Congress to Raise Debt Limit

WASHINGTON—Treasury Secretary Janet Yellen called on Congress to raise the debt ceiling as soon as possible, warning that the government could become unable to pay its bills after early June.

13.01 / 12:31

Provident SEC Gemini SEC sues crypto firms Genesis and Gemini over $900m lending product

WASHINGTON—The Securities and Exchange Commission on 12 January sued Genesis Global Capital and Gemini Trust Company over a $900m crypto-lending program that allegedly violated investor-protection laws.

13.01 / 12:17

World Bank Cuts 2023 Global Growth Projection as Inflation Persists

WASHINGTON—The World Bank sharply lowered its growth forecast for the global economy this year as persistently high inflation has elevated the risk for a worldwide recession.

13.01 / 04:57

business Court Media Major media outlets demand identities of SBF's $250M bond guarantors

Eight major media companies including Bloomberg, The Financial Times and Reuters have demanded public disclosure of the two individuals responsible for guaranteeing FTX former CEO Sam Bankman-Fried's $250 million bond.

12.01 / 23:01

Law regulation crimes FTX Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward.

12.01 / 22:49

Gap Federal Deficit Widened to $85 Billion in December

WASHINGTON—The federal government ran an $85 billion deficit in December, a wider shortfall than in the same month a year earlier, as the government’s debt burden nears its legal limit.

12.01 / 15:27

World Bank Cuts 2023 Global Growth Projection as Inflation Persists

WASHINGTON—The World Bank sharply lowered its growth forecast for the global economy this year as persistently high inflation has elevated the risk for a worldwide recession.

12.01 / 15:27

U.S., Allies Prepare Fresh Sanctions on Russian Oil Industry

WASHINGTON—The U.S. and its allies are preparing their next round of sanctions on Russia’s oil industry, aiming to cap the sales prices of Russian exports of refined petroleum products in an expansion of novel penalties the West has imposed on the country’s crude.

12.01 / 15:27

lawmakers House Lawmakers Discuss Discharge Petition to Force Debt-Ceiling Vote

WASHINGTON—Democrats and some centrist Republicans are in early, informal conversations about dusting off a rarely used parliamentary procedure that could force a vote to raise the nation’s borrowing limit, ahead of a showdown in coming months over government spending.

12.01 / 13:37

Fighting Fed Minutes Show Officials Feared Markets’ Rallies Could Hinder Inflation Fight

WASHINGTON—Federal Reserve officials offered uncharacteristically blunt words of warning to investors that cautioned against underestimating the central bank’s determination to hold interest rates at higher levels to bring down inflation.

12.01 / 12:49

FTX Ftx Trial creditors FTX Says it Has Secured Assets Worth $5 Billion in First Ray of Light for Creditors

Bankrupt crypto exchange FTX has recovered over $5 billion in cash and liquid assets that may be used to repay creditors, a lawyer of the platform has said during a bankruptcy court hearing.

12.01 / 11:01

FTX account holders’ identities stays under wraps for now, Washington court rules

The identities of some nine million FTX account holders will remain under wraps pending more information about how valuable the customer list could be to potential buyers of the bankrupt cryptocurrency exchange’s assets.

11.01 / 21:53

Assurant Janet Yellen Told Biden She Planned to Stay as Treasury Secretary, Officials Say

WASHINGTON—Janet Yellen told President Biden late last year that she planned to stay on as Treasury secretary and Mr. Biden welcomed the decision, White House officials said, putting to rest for now speculation about whether she would remain at the department.

11.01 / 18:31

IRS Shrinks Tax-Return Backlogs as Next Filing Season Nears

WASHINGTON—The Internal Revenue Service significantly shrank its backlogged pile of tax returns during 2022 but still faces a challenging tax-filing season ahead, according to a report released Wednesday.

11.01 / 15:35

World Bank Cuts 2023 Global Growth Projection as Inflation Persists

WASHINGTON—The World Bank sharply lowered its growth forecast for the global economy this year as persistently high inflation has elevated the risk for a worldwide recession.

11.01 / 11:43

Royal Family Russian mercenaries battle Ukrainian resistance in Soledar

The battle for Soledar raged in freezing temperatures on Wednesday, with Russia's mercenary Wagner Group claiming to have taken control of the eastern Ukrainian salt mining town, as its fighters poured fire on a pocket of resistance in the centre.

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