Washington Financial News

14.01 / 22:55

Progressive Fighting Raskin Could Face Rough Confirmation Battle For Banking Supervision Post

WASHINGTON—Sarah Bloom Raskin, President Biden’s pick to become the Fed’s top banking regulator, could face a contentious nomination process due to her support for tougher banking rules and for using financial regulation to address climate-change positions cheered by progressives but criticized by some Republicans.

14.01 / 20:24

education NATO Ukraine's Zelenskyy invites Biden and Putin to trilateral talks

Ukrainian President Volodymyr Zelenskyy has invited Joe Biden and Vladimir Putin to meet with him amid tensions with Russia along the border, one of his close advisers said Friday.

14.01 / 20:01

Adoption Bloomberg World Bank moody’s Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service.

14.01 / 19:47

Democrats Explore Changes for Child Tax Credit to Win Manchin’s Favor

WASHINGTON—Some Democrats have started exploring how to pare back their proposed expansion of the child tax credit in ways that are aimed at winning the critical support of Sen. Joe Manchin (D., W.Va.), according to people familiar with the matter.

14.01 / 19:07

Career Biden Taps Economists Lisa Cook, Philip Jefferson for Fed Seats

President Biden will seek to fill two seats on the Federal Reserve’s Board of Governors with academic economists Lisa Cook of Michigan State University and Philip Jefferson of Davidson College, the White House said Thursday.

14.01 / 14:22

UPS As Democrats Look to Subdue Inflation, Economists Say It’s Up to Fed Now

WASHINGTON—Democrats are trying to use their control of Congress and the White House to curb inflation that has taken off on their watch, but economists say price increases have reached a point beyond what any political party can easily do to tame them quickly.

11.01 / 19:55

Omicron, Supply-Chain Troubles to Slow Growth, World Bank Says

WASHINGTON—The global economy is poised to slow down in 2022, the World Bank forecast Tuesday, citing the effects of the Omicron variant, supply-chain disruptions, labor shortages and the winding down of government economic support.

10.01 / 21:15

IRS Warns of Service Delays When 2021 Tax-Filing Season Opens on Jan. 24

WASHINGTON—The Internal Revenue Service will begin accepting 2021 individual income-tax returns on Jan. 24, and administration officials are already warning of paperwork backlogs and difficulty reaching IRS employees on the telephone during this year’s filing season.

09.01 / 22:11

NATO US & Russian officials set to meet in Geneva amid Ukraine tensions

US and Russian officials will gather in Geneva on Monday for critical talks on rising tensions over Ukraine.

09.01 / 16:59

Biden Administration Begins to Redirect Rental Assistance

WASHINGTON—The Biden administration is redirecting more than $1.1 billion in rental-assistance money from some states and localities that haven’t used the bulk of their funds to others facing backlogs of aid requests, the Treasury Department said Friday.

09.01 / 16:59

COST Restaurants Seek Federal Aid as Omicron Surge Threatens Another Hard Winter

Small restaurants are heading back to Congress for help, saying their challenges are worsening as the Omicron variant drives a surge in Covid-19 cases across the country.

07.01 / 19:51

Hollywood Actor News Actor Sidney Poitier, the first black Oscar winner, dies aged 94

Sidney Poitier, the groundbreaking actor and enduring inspiration who transformed how Black people were portrayed on screen, became the first Black actor to win an Academy Award for best lead performance and the first to be a top box-office draw, has died. He was 94.

07.01 / 19:31

News Hollywood's first black star Sidney Poitier dies aged 94, say senior Bahamas officials

Sidney Poitier, the legendary actor and Hollywood's first black star, has died at the age of 94, say senior officials in the Bahamas, where the actor grew up.

07.01 / 14:39

business Blockchain Adoption Samsung Samsung launches metaverse store in Decentraland

Samsung is the latest megacorporation to announce a metaventure project, opting for Decentraland for its metaverse project.

06.01 / 20:17

Adoption NFT Samsung retail Samsung Opens ‘Limited Time’ Store in Decentraland, Lures Metaverse Visitors With Rewards

The electronics behemoth Samsung has taken its second major step into the world of the metaverse and non-fungible tokens (NFTs) in the space of a week, unveiling a new temporary store in the virtual world of Decentraland (MANA).

06.01 / 14:13

Blockchain Ethereum cryptocurrency Bitcoin Crypto Crime Crypto crime hit record $14 billion in 2021, research shows

Crime involving cryptocurrencies hit an all-time high of $14 billion (€12.4 billion) last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector.

05.01 / 22:49

Government economy Federal Reserve President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report

The White House is reportedly considering an Obama-era economic adviser and former Fed economist to fill the empty seats on the board of governors of the Federal Reserve System in 2022.

04.01 / 23:39

NATO foreign NATO to hold special foreign ministers meeting over Ukraine tensions

NATO says it will hold a virtual meeting of foreign ministers on Friday to assess the situation in Ukraine and upcoming talks with Russia.

04.01 / 21:15

U.S. Prevails Over Canada in Dairy Dispute

WASHINGTON—The U.S. prevailed over Canada in a long-running dispute over Canadian policies aimed at shielding its dairy industry from American competition, according to a ruling published Tuesday from the first dispute resolution panel under the new U.S.-Mexico-Canada Agreement.

04.01 / 15:25

Digital Bitcoin Police $2tn crypto market? Here’s all you need to know about moves to regulate digital tokens

WASHINGTON — As cryptocurrencies go mainstream, prices for bitcoin and other digital tokens are often displayed on cable-news tickers and finance apps as though they were just like regular stocks, bonds or oil futures.

01.01 / 16:41

Headaches and Backlogs Loom as Tax Filing Season Nears Again

WASHINGTON—The third tax-filing season during the coronavirus pandemic is set to begin soon with more delays, uncertainty and frustration likely for taxpayers and tax preparers.

latest developments in 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 regional journalists.

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.