Washington Financial News

10.01 / 16:53

GOP House Takes First Swipe at IRS Money

WASHINGTON—The new Republican-controlled House voted Monday to repeal tens of billions of dollars in Internal Revenue Service funding, advancing a bill that is unlikely to become law but that previews coming battles with Democrats over the tax agency’s expansion.

10.01 / 16:53

committee Rep. Jason Smith Picked to Lead House Ways and Means Committee

WASHINGTON—House Republican leaders chose Rep. Jason Smith (R., Mo.) to run the House Ways and Means Committee, giving him a prime perch to shape the party’s approach to tax, trade and health policy.

10.01 / 16:53

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.

10.01 / 00:43

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

09.01 / 21:49

UPS GOP House Takes First Swipe at IRS Money

WASHINGTON—The new Republican-controlled House is poised to vote as soon as Monday to repeal tens of billions of dollars in Internal Revenue Service funding, taking up a bill that is unlikely to become law but that previews coming battles with Democrats over the tax agency’s expansion.

09.01 / 17:17

Technology Attack on democracy: How does Brazil's political violence compare with the US?

On Sunday, demonstrators supporting Brazil's nationalist former President Jair Bolsonaro stormed Congress and government buildings in Brasilia to overturn an election which brought leftist leader Luiz Inácio Lula da Silva to power earlier this month.

08.01 / 13:45

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

08.01 / 13:01

Binance regulation Regulations Are Federal Prosecutors About to Indict Binance as Hedge Funds Face Subpoenas

US authorities have sent subpoenas to American hedge funds and market-making companies dealing with Binance, the world’s largest cryptocurrency exchange, asking for records of their communications with the exchange.

07.01 / 22:41

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

07.01 / 22:21

business Binance investigation Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report

United States prosecutors are investigating hedge funds' relationships with cryptocurrency exchange Binance for money-laundering violations.

06.01 / 20:15

Ukraine war: Washington 'to send 50 Bradleys' and five other top developments

Artillery fire could be heard from the front line in Ukraine on Friday, even after the official start of a unilateral ceasefire declared by Moscow and rejected by Kyiv.

06.01 / 13:25

FIVE FTC Proposes Banning Noncompete Clauses for Workers

WASHINGTON—The Federal Trade Commission on Thursday issued a plan to ban noncompete clauses, a proposal that would allow workers to take jobs with rival companies or start competing businesses but raises the prospect of legal opposition from companies that say the practice has a legitimate purpose.

06.01 / 13:11

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

05.01 / 19:15

FIVE FTC Proposes Banning Noncompete Clauses for Workers

WASHINGTON—The Federal Trade Commission on Thursday issued a proposal to ban the use of noncompete clauses, a move that would allow workers to take jobs with rival companies or start competing businesses without the threat of being sued by their employers.

05.01 / 17:59

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

04.01 / 23:53

Fighting Fed Minutes Show Officials Feared Markets’ Optimism Could Complicate Inflation Fight

WASHINGTON—Federal Reserve officials raised concerns at their meeting last month that investors’ optimism that the central bank might end its rate rises could make it more difficult to slow the economy and combat high inflation.

04.01 / 22:41

Provident Target Progressive Fighting Time Fed officials see higher rates for 'some time' ahead

WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank's December meeting.

04.01 / 17:01

Why finance watchdogs doubt banks can cope with crypto risks

WASHINGTON — A group of powerful bank regulators on 3 January highlighted what they said were a litany of risks stemming from cryptocurrencies and expressed scepticism that the assets can be safely held by the financial institutions they oversee.

04.01 / 08:13

regulation Congress Senate policies 100 crypto lobbyists prepare for the fight of their lives as Congress resumes

Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry.

31.12 / 21:01

regulation FTX Congress lawmakers US lawmakers US lawmakers under pressure following FTX collapse: Report

Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX's collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new regulatory framework for cryptocurrencies.

31.12 / 18:17

White House Looks at Benefits to Lure Americans Back Into Workforce

WASHINGTON—Top White House economic officials are considering a renewed push for a suite of policies aimed at luring more Americans back to work, including enhanced child- care and eldercare benefits, as they hammer out priorities for the coming year.

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