Washington Financial News

16.03 / 12:09

Digital week U.S., U.K. to Kick Off Bilateral Trade, Investment Dialogues Next Week

WASHINGTON—The U.S. and the U.K. have agreed to start talks to deepen trade and investment ties, their first broad effort to promote bilateral trade since negotiations to forge a free-trade agreement between the two nations were suspended last year.

16.03 / 00:19

Government regulation Federal Reserve vice chair Biden's pick for Fed vice chair for supervision withdraws amid Republican objections

Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward.

15.03 / 10:35

Kyiv Military Pentagon: Most of Russia's military offensives 'remain stalled'

A senior American official at the Pentagon in Washington says that nearly all of Russia's military offensives in Ukraine remain stalled, after making little progress over the weekend.

15.03 / 07:57

Why crypto firms are hunting for exec talent at Washington’s revolving door

The cryptocurrency industry has staked out a spot at Washington’s revolving door, hiring scores of former government officials and regulators as it seeks to shape policies to govern the largely unregulated market.

14.03 / 19:39

Sen. Joe Manchin Signals Opposition to Sarah Bloom Raskin for Fed Post

WASHINGTON—Democratic Sen. Joe Manchin, of West Virginia, said in a statement Monday that he could not support the nomination of Sarah Bloom Raskin to become the Federal Reserve’s top banking regulator, dealing a major blow to her consideration in the evenly divided Senate.

11.03 / 18:59

Action Biden Says U.S. Plans to Revoke Normal Trade Relations With Russia

WASHINGTON—President Biden said Friday the U.S. will move to revoke normal trade relations with Russia, joining Western allies in a coordinated action to further punish Moscow for the war in Ukraine.

11.03 / 15:55

cryptocurrency Chainalysis Tornado Cash As New Crypto Sanction Screening Tool Launched, Tornado Cash Keeps Mixing and FBI Chimes In

As the West is trying close all crypto loopholes that help evade sanctions against the aggressor state, Russia, and its ally, Belarus, Chainalysis is rolling out a sanctions screening tool, while crypto mixer Tornado Cash said they are powerless to or don't need to comply with Washington’s wishes. In either case, American law enforcement and intelligence agencies claim that Russians hoping to evade sanctions by using cryptoassets will be thwarted in their efforts.

11.03 / 14:23

Action Biden to Call for Revoking Normal Trade Relations With Russia

WASHINGTON—President Biden on Friday is expected to announce that the U.S. will join major allies and the European Union in calling to revoke normal trade relations with Russia, according to a person familiar with the decision.

11.03 / 13:43

Democrats Grapple With Mixed Covid-19 Stimulus Legacy on Anniversary

WASHINGTON—As Democrats crafted their $1.9 trillion Covid-19 relief package last year, they repeatedly argued that the risk of doing too little to help the economy outweighed the risk of doing too much.

10.03 / 23:45

IRS Readies Hiring Binge in Bid to Clear Tax-Return Backlog

WASHINGTON—The Internal Revenue Service plans to hire 5,000 employees over the next few months and 5,000 more by the end of September 2023, aiming to eliminate a long backlog of unprocessed tax returns and correspondence that has left millions of frustrated taxpayers in its wake.

10.03 / 23:02

Action Economic Blacklist of Russia Marks New Blow for Globalization

WASHINGTON—The U.S.-led effort to expel Russia from international commerce marks another fracture in the free-trade vision that guided American policy for nearly 30 years, signaling a future where nations and companies shift away from trading with adversaries and focus more on like-minded partners.

10.03 / 23:02

Federal Budget Deficit Narrowed in February

WASHINGTON—The federal government ran a budget deficit of $217 billion in February, a narrowing of the shortfall from the same month last year, as spending on pandemic aid slowed and a stronger economy generated additional tax revenue.

10.03 / 21:31

UPS Senate Democrats See Ukraine Aid Speeding Passage of Omnibus Spending Bill

WASHINGTON—Senate Majority Leader Chuck Schumer (D., N.Y.) said he wanted to pass a $1.5 trillion package funding the government by Thursday night, expressing hope that aid for Ukraine included in the measure would persuade Republicans to agree to speed up the vote.

09.03 / 16:33

lawmakers House Lawmakers Include $13.6 Billion for Ukraine in Omnibus Spending Bill

WASHINGTON—Congressional leaders released a sweeping bill to fund the federal government for the 2022 fiscal year and send further military and humanitarian assistance to Ukraine, as well as appropriate money for the continuing pandemic response.

09.03 / 14:59

Digital CBDCs Bitcoin Executive US President executive order US President To Sign Executive Order For A 'Digital Dollar', Says White House

US president to sign executive order for a 'Digital Dollar', says White House

09.03 / 12:35

cryptocurrency regulation Bitcoin regulatory US Treasury Issued Then Deleted Announcement Saying New Crypto Regulatory Measures Are Incoming

Washington said in a now-deleted announcement that it was set to change the way it regulates cryptoassets – following speculation and leaks claiming that intensified policies are on their way. Observers have responded by warning that short-term volatility may ensue in the crypto markets, with many people looking to offload assets in a forthcoming “really rough ride” for tokens.

08.03 / 22:45

Provident Negotiators Try to Complete Omnibus Spending Bill With Ukraine, Covid-19 Aid

WASHINGTON—House Democratic leaders said they plan to hold a vote Wednesday on a measure to fund the federal government for the full fiscal year and provide further assistance to Ukraine, laying out a timeline for passing the spending bill even as some key issues have yet to be completed.

08.03 / 16:25

Uber, Lyft and Others Launch Campaign to Head Off Unions

WASHINGTON— Uber Technologies Inc., Lyft Inc. and other companies that use independent contractors as drivers are launching a campaign to head off Democratic efforts to classify their workers as employees, which would allow them to form unions.

08.03 / 11:27

Digital Executive executive order White House plans executive order to review crypto and create a US digital token

WASHINGTON —The White House is set to release an executive order this week tasking several federal agencies with conducting a broad review of cryptocurrencies, including studying the creation of a US digital currency, according to a person familiar with the matter.

08.03 / 07:49

Digital White House to Order Broad Review of Cryptocurrencies

WASHINGTON—The White House is set to release an executive order this week tasking several federal agencies with conducting a broad review of cryptocurrencies, including studying the creation of a U.S. digital currency, according to a person familiar with the matter.

08.03 / 05:13

cryptocurrency World News Joe Biden to order studies on regulating, issuing cryptocurrency: Source

U.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury and other agencies to study the legal and economic ramifications of creating a U.S. central bank digital currency, a source familiar with the matter said on Monday.

breaking news about Washington

What is the current situation in Washington?

In Washington, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about Washington?

We publish reliable reports about the situation in Washington, based on information from trusted sources.

What shapes the media agenda in Washington?

The news landscape of Washington is shaped by the region’s internal dynamics, reflecting its specific characteristics.