Washington Financial News

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

Donald Trump has delivered a probable death blow to bipartisan congressional budget negotiations by rejecting the measure as a “betrayal of our country” just days before a spending deadline

Subscribe to enjoy similar stories. GARY, Ind.—In a meeting room facing U.S. Steel’s century-old plant, Takahiro Mori offered his vision for the plant’s next chapter under a new owner.

The Environmental Protection Agency has granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035

A grand jury in Washington has returned an indictment against former Congressman David Rivera for failing to register as a foreign agent of a sanctioned Venezuelan media tycoon on whose behalf the Miami Republican allegedly lobbied the Trump administra...

The Supreme Court will hear arguments next month over the constitutionality of the federal law that could ban TikTok in the U.S. if its Chinese parent company doesn’t sell it

The gift-bearing legend of Santa was introduced to the United States by immigrants, much like many other holiday customs. Our Santa is a cross between the Dutch Sinterklaas, England's Father Christmas, and the Green Saint Nicholas, as quoted in a report by Today. Many children in the United States go to Santa for pictures and to give him their Christmas wishes. They then wait patiently or not for the big day, which is December 25, to see if their wishes are fulfilled.

The timing is not shocking; Ashwin is 38 years old. The space is not unusual; Ashwin misses more Tests than he plays in countries such as Australia. But time and space taken together as one construct, the basis for Einstein’s Theory of Relativity – which Ashwin the engineer will only be too familiar with – ensure that there will be more questions than answers, in this case. The conspiracy theorists will insist that it was the insult of being repeatedly left out of the Test team that pushed Ashwin over the edge. The pragmatists will point to the fact that Washington Sundar’s emergence has ensured that his senior colleague isn’t even an automatic second choice spinner when playing in Australia, England, South Africa or New Zealand. The inner circle in cricket will remind the world that only a player truly knows when he or she is finally done.

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years. 

What do you do when the energy is flagging, you’re eighty hours into a ninety-hour week and someone needs you to really concentrate on changing the colour scheme on a slide pack from ochre yellow to mustard yellow?  According to a number of currently working bankers who have spoken to the Wall Street Journal and been surprisingly willing to be quoted under their own names, you reach for drugs that are meant to treat ADHD and you carry on.

Rohit Sharma before his surprise international retirement, refusing to let anyone else write his script after 14 years of service to the game. It is understood that retirement was on his mind after the home series against New Zealand, which India shockingly lost 0-3. He had made it clear to the team management that if he was not guaranteed a place in the playing eleven during the Australia series, he would not even travel Down Under. India played Washington Sundar ahead of Ashwin in Perth before the veteran returned for the pink ball Test, at Rohit's insistence. Ravindra Jadeja played in the Brisbane Test and as Rohit stated after the drawn third Test in Gabba, nobody knew how the squad would shape up for the remaining two games in Melbourne and Sydney.

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, aut...

President Joe Biden has endorsed a ban on congressional stock trading in an interview that’s being released this week

Energy Secretary Jennifer Granholm says the incoming Trump administration should proceed cautiously as it considers proposals for new natural gas export terminals

TikTok is asking the Supreme Court to step in on an emergency basis to block the federal law that would ban the popular platform in the United States unless its China-based parent company agrees to sell it

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting

Daniel Penny, a former Marine recently acquitted of criminally negligent homicide, attended the Army-Navy football game as a guest of honor with President-elect Donald Trump and Vice-President-elect JD Vance.

The U.S. Post Office, which has lost more than $100 billion since 2007, reported a net loss of $9.5 billion for its fiscal year ending September 30, a $3-billion bigger loss than last year, largely due to a year-over-year increase in non-cash workers’ compensation expense, as per a report on Reuters. When told of the agency's annual losses, Trump said the government should not subsidize the organization, according to the Washington Post.

China. The Biden administration was considering cutting off the sales of equipment used to manufacture semiconductors to three Chinese companies that the government had linked to Huawei, a technology giant that is sanctioned by the United States and is central to China's efforts to develop advanced chips. Applied Materials, KLA Corp. and Lam Research, which make semiconductor equipment, argued that the three Chinese companies were a major source of revenue. The U.S. firms said that they had already earned $6 billion by selling equipment to those Chinese companies and that they planned to sell billions more, two government officials said.

China. The Biden administration was considering cutting off the sales of equipment used to manufacture semiconductors to three Chinese companies that the government had linked to Huawei, a technology giant that is sanctioned by the United States and is central to China's efforts to develop advanced chips. Applied Materials, KLA Corp. and Lam Research, which make semiconductor equipment, argued that the three Chinese companies were a major source of revenue. The U.S. firms said that they had already earned $6 billion by selling equipment to those Chinese companies and that they planned to sell billions more, two government officials said.