Washington Financial News

04.05 / 00:05

rights IRS Chief Pushes Congress for Law Change on Land-Rights Tax Deals

WASHINGTON—Internal Revenue Service Commissioner Charles Rettig sought congressional help Tuesday in stopping land-rights deals that the government views as abusive transactions.

03.05 / 15:21

UPS Immigrants to Get Extension for Expiring or Expired U.S. Work Permits

WASHINGTON—Most immigrants with recently expired or soon-to-expire work permits will be able to continue working on those documents for up to a year and a half after they expire under a new policy announced by U.S. Citizenship and Immigration Services on Tuesday.

02.05 / 18:15

Government Blockchain Bitcoin gone Has New York State gone astray in its pursuit of crypto fraud?

The Empire State made two appearances on the regulatory stage last week, and neither was entirely reassuring.

01.05 / 15:55

Conservation Tax-Break Deals Keep Flowing Despite IRS Crackdown

WASHINGTON—More than six years into an Internal Revenue Service clampdown on what the agency says are abuses of land-conservation tax incentives, the deals keep coming.

01.05 / 15:47

Considering a Conservation Easement to Trim Your Tax Bill? Here’s What You Need to Know

WASHINGTON—The Internal Revenue Service is continuing its yearslong campaign against some aggressive land-rights deals known as syndicated conservation easements. Here’s what it’s all about.

30.04 / 15:03

Cooper Cooperation Russia’s War in Ukraine Is Straining Global Economic Cooperation

WASHINGTON—A rift between Western democracies and Russia and China is forcing policy makers to figure out how to keep conversations alive among nations with diverse views as they face economic challenges arising from the war in Ukraine.

29.04 / 09:15

Carlyle Carlyle grows assets but misses earnings forecast

Carlyle’s assets under management rose to $325bn by the end of March, but the firm reported weaker-than-expected results for the first quarter, a time marked by market volatility and economic contraction.

29.04 / 05:45

Stablecoin CFTC Congress Bipartisan bill to give CFTC authority over exchanges and stablecoins

A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC).

27.04 / 22:31

Government Stablecoin regulation Acting OCC comptroller calls for standards on stablecoins

Michael Hsu, the acting head at the United States Office of the Comptroller of the Currency, said stablecoins need standards comparable to the early internet.

27.04 / 19:15

MET Rescue Democrats Launch Attempt to Rescue Biden’s Economic Agenda

WASHINGTON—Democrats began a last-ditch effort to cobble together a narrower version of President Biden's once-sweeping economic agenda that could win the critical support of Sen. Joe Manchin (D., W.Va.) and hand the party a legislative victory ahead of the fall’s elections.

27.04 / 18:33

U.S. Accuses China of Lax Intellectual Property Protection

WASHINGTON—The Biden administration criticized China’s protection of U.S. intellectual property, saying that Beijing still must make a “full range of fundamental changes” to improve protection of U.S. patents, copyrights and trade secrets.

27.04 / 17:33

SEC Cryptocurrency Firms Push Back Against Proposal to Police Treasury Markets

WASHINGTON—A Securities and Exchange Commission proposal intended to make Treasury markets more resilient has sparked a backlash from cryptocurrency companies, which say it could increase legal risks for so-called decentralized finance, or DeFi, platforms.

27.04 / 15:19

Progressive Action Biden Seriously Considering Student-Loan Forgiveness, Officials Say

WASHINGTON—President Biden signaled to House Democrats this week that he is seriously considering taking action to forgive student-loan debt on a large scale, according to congressional aides and others familiar with the discussions.

26.04 / 16:07

COST World Bank Projects Elevated Energy, Food Prices, Keeping Upward Pressure on Inflation

WASHINGTON—Global prices of fuel and food are forecast to rise sharply this year due to shocks caused by Russia’s invasion of Ukraine, the World Bank said Tuesday, a sign higher commodity costs will continue to put upward pressure on inflation.

26.04 / 16:07

The $67 Billion Tariff Dodge That’s Undermining U.S. Trade Policy

WASHINGTON—The rule that allows American tourists to bring back souvenirs from overseas duty-free is now being used by companies to avoid billions of dollars in tariffs—and it’s perfectly legal.

26.04 / 08:15

Twitter Threat NOT Threat of a nuclear conflict “should not be underestimated,” says Russia's top diplomat

Tensions are rising after the visit of two top US officials to Kyiv late on Sunday, with Russia unleashing a string of attacks Monday against rail and fuel installations deep inside Ukraine, and far from the front lines.

25.04 / 11:29

Mining Bitcoin Bitcoin Miner American Bitcoin Miner Aims to Sell USD 30M Equipment in Russia to Avoid Sanctions

US-based Bitcoin (BTC) & crypto mining company Compass Mining aims to sell USD 30m worth of mining gear currently stuck in Siberia to buyers in Russia in a bid to avoid possible sanctions by the US and the EU.

23.04 / 17:13

COST UPS Ukraine’s Grim Economic Toll From War Confronts World Governments

WASHINGTON—Top world financial officials gathered in Washington this past week confronted a grim picture of the growing economic costs of Russia’s war in Ukraine and the challenges they face to help pay Ukraine’s short- and long-term bills.

23.04 / 15:05

cryptocurrency Target VISA Action Bitcoin us sanctions New US Sanctions On Russian Bank, Oligarchs And Crypto miner BitRiver: Report

New US sanctions imposed for Russian bank, oligarchs, crypto miner BitRiver

22.04 / 11:13

CBDC Adoption regulation Ruble Russian Tax Body Suggests Allowing Crypto Pay in Trade Deals, Digital Ruble May Be Ready by 2023

The Russian tax agency reportedly wants to allow companies involved in cross-border trade to accept crypto as a form of payment – and pay foreign exporters in cryptoassets. And the Central Bank has claimed that its digital ruble could be ready as soon as next year.

22.04 / 00:25

Blockchain Adoption legislation Binance.US leaves Blockchain Association to form own DC government affairs team

Binance.US announced today that it is creating a team in Washington to engage with lawmakers on digital asset policy. Simultaneously, it has withdrawn from the advocacy group Blockchain Association. Both organizations sides have been tight-lipped about the split, commenting publicly only with short statements.

latest developments in Washington

What is the current situation in Washington?

In Washington, the spotlight is on socially significant developments that affect the region’s daily life.

Where can I find reliable news about Washington?

We publish verified updates about the situation in Washington, based on information from official representatives.

What shapes the media agenda in Washington?

The news landscape of Washington is shaped by major cultural and social events, reflecting its local way of life.