Washington Financial News

09.11 / 00:37

Williams SEC Kirklands audit SEC Names New Board Members to Audit Watchdog

WASHINGTON—The Securities and Exchange Commission moved to complete its overhaul of the federal audit watchdog Monday, naming four new members to the Public Company Accounting Oversight Board.

09.11 / 00:37

Financial Fed Says U.S. Public Health Among Biggest Near-Term Risks to Financial System

WASHINGTON—The potential for U.S. public health to worsen as the Covid-19 pandemic continues is one of the greatest near-term risks to the financial system, the Federal Reserve said, while noting that asset prices are susceptible to large declines should investor sentiment shift.

08.11 / 14:51

Nov Biden Gets $1 Trillion Down Payment on Domestic Agenda; Obstacles Loom for Spending Bill

WASHINGTON—President Biden notched a big win with the House passage of the $1 trillion public-works bill late Friday, but political obstacles loom ahead for the White House as attention shifts to an even bigger spending bill and next year’s midterm elections.

08.11 / 11:23

JPMorgan Battle erupts over role of US banking watchdog

WASHINGTON — President Biden's nominee to oversee large national banks is engaged in a contentious battle with those who want to sink her nomination.

08.11 / 09:15

abortion rights After jailing rivals, Nicaragua's Daniel Ortega set to win re-election

Nicaraguan President Daniel Ortega sought a fourth consecutive term in elections the United States has called a “pantomime” following the jailing of his top rivals and the country's opposition has urged voters to boycott.

05.11 / 18:35

MET Fed’s Powell and Brainard Met With Biden at White House

WASHINGTON—President Biden met with Federal Reserve Chairman Jerome Powell and Fed governor Lael Brainard at the White House on Thursday, according to a person familiar with the matter.

05.11 / 13:29

Deal U.S.-EU Steel Tariffs Deal Is Onerous for Smaller Importers

WASHINGTON—The Biden administration’s deal to ease off steel and aluminum tariffs from Europe has won plaudits from much of U.S. industry, but a complex new quota system that comes with it has fueled concerns for small importers.

04.11 / 22:36

UPS 500 IRS Boosts 401(k) Contribution Annual Cap to $20,500

WASHINGTON—Workers will be able to set aside up to $20,500 in their 401(k) accounts in 2022, up $1,000 from this year, the Internal Revenue Service said Thursday.

04.11 / 12:53

UPS House Democrats Add Paid Leave, State-and-Local Tax Deduction to Bill

WASHINGTON—House Democrats released an updated version of the party’s social spending and climate package, adding back a paid-leave program that had previously fallen out of the bill and including a measure sharply raising the $10,000 cap on the state and local tax deduction.

01.11 / 22:27

Target Digital Biden Administration Targets Stablecoin Digital Currency for Banklike Oversight

WASHINGTON—The Biden administration on Monday took the first significant step to impose banklike oversight on the cryptocurrency companies involved in the issuance of stablecoins, outlining a process that could shape the future of that digital money.

29.10 / 16:31

UPS tax cuts Democrats Consider Tax Cuts for Many High Earners in New York, New Jersey and California

WASHINGTON—High-income coastal professionals look likely to emerge as significant winners from the Democrats’ proposed tax agenda, escaping rate increases and regaining a deduction for state and local taxes that was capped at $10,000 in 2017.

29.10 / 13:03

New Policy Gives FTC Greater Control Over How Companies Do M&A

WASHINGTON—The Federal Trade Commission, led by new Democratic Chairwoman Lina Khan, has adopted a series of policy changes aimed at cracking down on corporate mergers, sparking deep partisan disagreement at the agency.

28.10 / 19:01

Strategy Biden Turns to Taxes on Corporations, Millionaires to Pay for Agenda

WASHINGTON—President Biden outlined $1.85 trillion in proposed tax increases and other revenue generators on Thursday to pay for his social and climate agenda, offering a hodgepodge of strategies designed to navigate red lines set by the administration and congressional Democrats.

28.10 / 16:41

Framework Biden Releases Framework on Social-Spending, Climate Package

WASHINGTON—President Biden released a new framework on the Democrats’ $1.75 trillion social-spending and climate package Thursday aimed at winning support of congressional Democrats locked in talks over his agenda.

27.10 / 21:51

COST Progressive Deal Manchin Calls Billionaires’ Tax ‘Convoluted’ as Democrats Seek Deal

WASHINGTON—Democrats struggled Wednesday to piece together even the outline of an agreement on their social-policy and climate bill, as White House officials traveled to Capitol Hill to meet with centrists who have objected to elements of the plan.

latest developments in Washington

What is the current situation in Washington?

In Washington, the spotlight is on local government initiatives that affect the region’s daily life.

Where can I find reliable news about Washington?

We publish in-depth coverage 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 key decisions by local authorities, reflecting its specific characteristics.