Washington Financial News
28.09 / 15:13
28.09 / 13:13
28.09 / 05:09
SEC
CEO
Platform
Action
Crypto-lender Nexo faces charges from eight U.S states
Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc.
27.09 / 20:05
IRS Failed to Send Child Tax Credit Payments to Millions of Households, Report Finds
WASHINGTON—The Internal Revenue Service sent $1.1 billion in advanced child tax credit payments during 2021 to people who shouldn’t have gotten them, and failed to send $3.7 billion to eligible households, according to an inspector general’s audit released on Tuesday.
27.09 / 18:13
UPS
Senate to Vote on Stopgap Funding Bill as Manchin’s Permitting Proposal Faces Opposition
WASHINGTON—The Senate is set to vote Tuesday evening to advance a short-term bill to keep government funded, but a contentious proposal included in the package to speed up permitting of both renewable and fossil-fuel energy projects has thrown quick passage into doubt.
23.09 / 21:55
Government
regulation
security
Pentagon contracts with Inca Digital for a security-focused digital asset mapping tool
Digital asset data analytics company Inca Digital will study the implications of digital assets for national security under a year-long contract with the Defense Advanced Research Projects Agency (DARPA), the company announced on Friday. DARPA is the R&D branch of the United States Department of Defense.
23.09 / 19:31
NOT
World Bank’s David Malpass Says He Is Not Resigning Amid Criticism of His Climate Views
WASHINGTON—World Bank President David Malpass said Friday he wasn’t resigning from his position amid calls from climate advocates for him to step down over his views on climate change.
23.09 / 06:13
Stablecoin
Adoption
bills
legislation
Stablecoin Bill
Rep. Warren Davidson: Stablecoin bill has 'outside chance' of finalizing this year
There is a small chance the U.S. House of Representatives could pass the bill to regulate stablecoins by year-end, though it's more likely it will pass in the first quarter of 2023, says U.S. Congressman Warren Davidson.
22.09 / 16:31
Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
WASHINGTON—The Federal Reserve approved its third consecutive interest-rate rise of 0.75 percentage point and signaled additional large increases were likely even though they are raising the risk of recession.
21.09 / 17:47
CEO
JPMorgan
Chase
Bank CEOs to Go Before Congress, With Economy and High Inflation in Focus
WASHINGTON—The heads of seven of the largest U.S. banks are set to face questions from Congress on hot-button issues including money-transfer scams, the state of the U.S. economy and a credit- and debit-card code that identifies when purchases are made at firearms stores.
20.09 / 13:35
Ethereum
Adoption
Bitcoin
16% of Americans have Invested, Traded or Used Cryptocurrency
A study conducted by Pew Research Center, a Washington DC-based non-partisan think tank, has found that approximately 16% of American adults have invested in, traded, or used cryptocurrency.
17.09 / 20:03
UPS
Strikes Becoming More Common Amid Inflation, Tight Labor Market
More workers across a range of industries are going on strike, seeking pay raises to catch up to inflation while the tight labor market has taken away some of the risk of walking off the job.
17.09 / 12:45
Provident
IRS Faces Tight Job Market and Competition for Talent as It Recruits Thousands
WASHINGTON—The Internal Revenue Service now has plenty of money. Its next challenge: finding people.
16.09 / 17:45
Blockchain
Ethereum
Digital
SEC
NOT
SEC Chair’s take on PoS cryptocurrencies might not make you happy
Gary Gensler, the United States Securities and Exchange Commission (SEC) Chairman, on 15 September, stated that cryptocurrencies that allow holders to stake their tokens might be considered a security, as per a Washington Post report.
16.09 / 00:23
Government
Law
IOTA
Congress
IOTA co-founder: Lummis-Gillibrand is a blessing for the crypto industry
There’s never a good time for a crypto winter, but it would be difficult to envision a worse time than right now.
15.09 / 15:27
Manufacturing
Intel
U.S. Bid to Revive Chip Manufacturing Collides With Wall Street’s Demands
Intel Corp.’s Patrick Gelsinger might be Washington’s favorite chief executive right now. At the groundbreaking for a $20 billion-plus semiconductor-fabrication plant near Columbus, Ohio, on Friday, he was joined by legislators from both parties, Ohio Gov. Mike DeWine, a Republican, and President Biden, a Democrat.
15.09 / 13:57
Deal
U.S. Railroad Strike Averted as Tentative Deal Is Reached
WASHINGTON—The White House said Thursday it had reached a tentative agreement to avoid a potential railway strike that threatened to shut down a crucial vein of the U.S. economy.
14.09 / 17:22
Biden Climate Law Sparks New Market for Trading Tax Credits
WASHINGTON—A brand-new market for green tax credits is taking shape as bankers and advisers figure out how to funnel tax breaks from energy companies that generate them to profitable corporations eager for smaller tax bills.
14.09 / 02:27
Blockchain
UPS
Twitter
Binance
Lobby
Is Blockchain Association gearing up to lobby candidates ahead of elections
Washington-based trade group Blockchain Association has announced that it will be launching a Political Action Committee (PAC) in a bid to support pro-crypto candidates.
13.09 / 21:15
Federal Deficit Widened to $220 Billion in August
WASHINGTON—The federal government ran a deficit of $220 billion in August, a shortfall that widened compared with the year before as spending grew faster than revenue collection last month.
09.09 / 20:23
Facebook
Social Media
Fraud
Meta Ceo
lawmakers
Crypto scams
US lawmakers
US lawmakers call on Mark Zuckerberg to address 'breeding ground' for crypto scams: Report
A group of Democrats from the United States Senate has reportedly asked Meta CEO Mark Zuckerberg to provide details on the social media giant’s policies addressing cryptocurrency fraud.
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