Washington Financial News

09.08 / 15:01

Senate Passes Democrats’ Climate, Healthcare and Tax Bill

WASHINGTON—The Senate passed a bill spending hundreds of billions of dollars on climate and healthcare programs while raising taxes on large, profitable companies, as Democrats unified around elements of President Biden’s agenda after a year of frustrated efforts to advance a broader package.

08.08 / 17:39

Digital Waters e-CNY Fed mulls digital dollar to take on China’s e-CNY

WASHINGTON — Lawmakers are pushing the Federal Reserve to move swiftly toward issuing a digital dollar, to combat steps from China and others they say could one day threaten the US status as the global reserve currency.

05.08 / 20:13

Lowe's Hallmark Jobs Report Bolsters Biden’s Message, but Inflation Makes Economy a Hard Sell

WASHINGTON—President Biden continues to tout the strength of the economic recovery as one of the hallmarks of his presidency, frequently arguing that it is better than the headlines might suggest. Yet as inflation has risen, he has also tried to reassure struggling families that he knows what they are going through.

04.08 / 08:47

LGBT Climate change Death China begins 'unprecedented' military drills around Taiwan

China has begun large-scale military sea and air exercises around Taiwan, following a controversial visit by US politician Nancy Pelosi.

04.08 / 01:53

Russian Oil Cap Push Faces Doubts From Energy, Finance Industry

WASHINGTON—A Biden administration proposal to cap the price of Russian oil is facing skepticism from some oil analysts and financiers who question whether the U.S. and its allies can effectively dictate the global sales price for a major supplier of oil.

03.08 / 19:35

business Donations crypto donations Roman Catholic Archdiocese of Washington, DC will accept crypto donations

The archdiocese of Washington, D.C. of the Roman Catholic Church will begin accepting donations in cryptocurrency as part of an effort to grow its ministries.

03.08 / 15:49

COST Cost of Democrats’ Corporate-Tax Increase Skews to Wealthy, Reaches Middle Class

WASHINGTON—When Congress raises corporate taxes, companies send money to the Internal Revenue Service. The economic impact doesn’t end there.

03.08 / 10:19

Digital Bitcoin lawmakers US lawmakers Why US lawmakers want bitcoin and ether to be under the scrutiny of the CFTC

WASHINGTON — Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps.

02.08 / 19:57

Climate change European Union celebrities Heatwave us house US House Speaker Nancy Pelosi arrives in Taiwan in defiance of Beijing

U.S. House Speaker Nancy Pelosi arrived in Taiwan on Tuesday night despite threats from Beijing of serious consequences, becoming the highest-ranking American official in 25 years to visit the self-ruled island claimed by China.

02.08 / 18:25

Ethereum Citi Digital CEO Spend Two Days With The Top Minds In Money

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

29.07 / 15:45

COST In Dizzying 24 Hours, Biden Gets Warnings on the Economy—and Hope for His Agenda

WASHINGTON—Within 24 hours of emerging from his Covid-19 isolation, President Biden got a reminder of the biggest obstacle facing Democrats heading into the midterm elections—fears of an economic recession—along with a potential life raft in the form of a reconciliation deal in the Senate.

29.07 / 12:03

Women Xi, Biden exchange warnings as Pelosi's plans to visit Taiwan spark tensions

Chinese President Xi Jinping and his US counterpart Joe Biden held a long phone call in which the Beijing leader warned the US against meddling in China's dealings with Taiwan and splitting the world's two biggest economies, officials said.

29.07 / 11:43

Digital Bankrupt crypto Bankrupt Crypto Brokerage Voyager Ordered to Cease False Promises About U.S. Banking Insurance

WASHINGTON—U.S. regulators issued a joint letter ordering bankrupt cryptocurrency broker and lender Voyager Digital Ltd. to cease and desist from marketing itself as insured by the Federal Deposit Insurance Corp., saying statements on its website and elsewhere were false and misleading.

28.07 / 13:25

Carlyle Carlyle profits dip as market falls weigh on private fund managers

Carlyle Group reported lower second-quarter earnings on 28 July as the value of its investments appreciated less than a year ago.

27.07 / 21:07

Fed Raises Interest Rates by 0.75 Percentage Point

WASHINGTON—The Federal Reserve continued a sprint to reverse its easy-money policies by approving another unusually large interest rate increase and signaling more rises were likely coming to combat inflation that is running at a 40-year high.

26.07 / 21:45

IMF Again Cuts Global Growth Forecast Amid Inflation, War in Ukraine

WASHINGTON—The International Monetary Fund lowered its outlook for global economic growth again for 2022 and 2023, as soaring inflation and the spillover from the war in Ukraine cut into household purchasing power around the world and prolonged pandemic lockdowns slowed China’s growth engine.

26.07 / 17:31

COST foreign Treasury Moves to Ease Limits on Foreign Tax Credits After Companies Object

WASHINGTON—The U.S. Treasury Department is softening its limits on foreign tax credits, responding to corporations that have been warning about double taxation.

26.07 / 10:01

CLIMATE CRISIS Wildfires Guatemalan president becomes first Latin American leader to visit Zelenskyy in Kyiv

Guatemalan President Alejandro Giammattei has visited Kyiv to express his solidarity with President Volodymyr Zelenskyy as Russia continues its brutal assault of Ukraine.

26.07 / 02:31

Progressive Student Loan Servicers Told to Hold Off on Sending Billing Statements

WASHINGTON—The federal government’s student loan servicing contractors have been instructed to hold off on sending billing statements ahead of an Aug. 31 deadline for ending the pandemic freeze on loan payments, giving companies little time to start loan collection processes if payments resume.

24.07 / 17:05

Fighting U.S. Risks Deeper Downturn If Fed Has to Fight Inflation Alone

After the 2008 financial crisis, the U.S. relied heavily on the Federal Reserve to stimulate growth, leading to a frequent quip that monetary policy had become the “only game in town.”

22.07 / 05:45

cryptocurrency Indian Friend Two Indian brothers, their Indian-American friend charged in first ever cryptocurrency insider trading tipping scheme: Official

Two Indian brothers and their Indian-American friend have been charged in the US in the first ever cryptocurrency insider trading scheme in which they made illicit profits totalling over a million dollars.

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