Washington Financial News

Paradigm shifts in mainstream economic thinking usually accompany crises demanding new answers, as occurred after stagflation—low growth and high inflation—gripped advanced economies in the 1970s. And it may be happening again, as liberal democracies confront a wave of popular distrust in their ability to serve their citizens and address the multiple crises— ranging from climate change to unbearable inequalities and major global conflicts—that threaten our future.

The winner of Iran’s presidential election will inherit domestic discord and an economy battered by sanctions, but also a strength: Tehran has more sway on the international stage than in decades. Iran, under Supreme Leader Ali Khamenei’s leadership, thwarted decades of U.S. pressure and emerged from years of isolation largely by aligning itself with Russia and China, giving up on integration with the West and throwing in its lot with two major powers just as they amped up confrontation with Washington.

North Korea denounced on Sunday joint military drills by South Korea, Japan and the United States, calling them an «Asian version of NATO» and warning of «fatal consequences».

Donald Trump's warning during his debate with Joe Biden that immigrants are taking “Black jobs" and “Hispanic jobs” prompted outrage from Democrats and Black leaders who found the language vague and racially discriminatory

NSA) Vikram Misri was on Friday named as the next foreign secretary, according to an official order. From the highest decision-making office in the country -PMO to External Affairs Minister's office and ambassadorial posting in Beijing, Misri has handled India's most challenging foreign relations in the past. A 1989-batch Indian Foreign Service officer, Misri, who has served in Washington DC in the past, is often known as someone who takes a «360-degree view of things». Being in Beijing during the Galwan crisis and thereafter, he has handled the toughest period in the Sino-Indian ties in recent times. Later as the Deputy NSA, he worked closely with the NSA on various issues, including India's strategic ties with Eurasia and the Gulf, besides groundbreaking iCET with the USA.

Vladimir Putin said Friday that Russia should start producing short and intermediate-range missiles that were previously banned under a now-defunct arms treaty with the United States. Putin was referring to missiles with a range of 500 to 5,500 kilometres (300-3,400 miles) that were banned under the Cold War-era Intermediate-Range Nuclear Forces (INF) Treaty. Washington withdrew from the deal in 2019, citing Russia's failure to comply. The Kremlin said at the time that it would abide by a moratorium on production if the US did not deploy missiles within striking distance of Russia.

The Supreme Court has upended a 40-year-old decision that made it easier for the federal government to regulate the environment, public health, workplace safety and consumer protections

Executive branch agencies will likely have more difficulty regulating the environment, public health, workplace safety and other issues under a far-reaching decision Friday by the Supreme Court

A measure of prices that's closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate

Donald Trump has said his administration opted out of the landmark Paris Climate Accord in 2017 as it was a «rip-off» which would have cost Washington USD 1 trillion, as he claimed that India, China and Russia weren't paying for it. Trump, the presumptive candidate of the Republican Party, made the claims at the first of presidential debates with his Democratic Party rival President Joe Biden on Thursday, where the two 2024 presidential candidates sparred over the state of the economy, border, foreign policy, abortion, national security and climate change. During their roughly 90-minute debate marred by personal attacks, Trump, 78, claimed that the Paris Climate Accord would have cost USD 1 trillion and the US was the only country that had to pay.

Bitcoin (BTC) is currently swimming in a turbulent market environment, trading at approximately $60,750.

wax statue of Abraham Lincoln simply melted down due to this heat that somehow made Lincoln slump into his chair, pictures and video of which instantaneously started pouring in on social media, while netizens claiming that this was the perfect visual depiction of the heatwave rampaging across the country, says a USA Today report.

The Justice Department has charged nearly 200 people in a sweeping crackdown on health care fraud schemes nationwide with false claims topping $2.7 billion

WASHINGTON — The Supreme Court on Thursday put new limits on the power of the Securities and Exchange Commission to enforce securities laws — the latest ruling in a series of cases that take aim at federal agencies.

A group of nonprofits argued in a legal filing that the federal law requiring TikTok’s parent company to sell the platform, or face a ban, is an unconstitutional measure that restricts speech and makes it impossible for users to associate on the app

The Supreme Court has stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies

The Supreme Court has cleared the way for Idaho hospitals to provide emergency abortions for now in a procedural ruling that leaves key questions unanswered

The Environmental Protection Agency won't be able to enforce a key rule limiting air pollution in nearly a dozen states while separate legal challenges proceed around the country

The Supreme Court has rejected a nationwide settlement with OxyContin maker Purdue Pharma that would've shielded Sackler family members who own the company from civil lawsuits over the toll of opioids but also would've provided billions of dollars to c...