Washington Financial News

Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion and what it means for Americans.

A top South Korean economic think tank has poured cold water on the idea of Seoul approving a Bitcoin (BTC) or Ethereum (ETH) spot exchange-traded fund (ETF).

The Food and Drug Administration has authorized the first menthol-flavored electronic cigarettes for adult smokers

The Supreme Court has rejected a settlement between Western states over the management of one of North America’s longest rivers

The Washington Post says that Robert Winnett, who had been named to take over the organization's core newsroom functions later this year, will not take the job after all

Former President Donald Trump’s proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers

Democrats are putting a spotlight on more than 1 million union workers and retirees whose pensions are being saved under a 2021 law

The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing

Washington on Sunday to discuss the next phase of the Gaza war and escalating hostilities on the border with Lebanon, where exchanges of fire with Hezbollah have stoked fears of wider conflict. Iran-backed Hezbollah began attacking Israel shortly after Hamas' Oct. 7 assault sparked the war in Gaza, and the sides have been trading blows in the months since then. Hezbollah has said it will not stop until there is a ceasefire in Gaza. «We are prepared for any action that may be required in Gaza, Lebanon, and in more areas,» Gallant said in a statement before setting off to Washington, where he said he would meet his counterpart Lloyd Austin and Secretary of State Antony Blinken.

America and Europe are heading down different roads in response to China’s emergence as an electric-vehicle juggernaut. The U.S. is closing its borders to Chinese EVs before they even launch.

Netanyahu told his Cabinet on Sunday that there had been a «dramatic drop» in U.S. weapons deliveries for Israel's war effort in Gaza, doubling down on a claim that the Biden administration has denied and underscoring the growing strains between the two allies. Netanyahu told his Cabinet that the drop had occurred four months ago, without specifying which weapons, saying only that «certain items arrived sporadically but the munitions at large remained behind.» The spat highlights how high tensions have surged between Israel and Washington over the war in Gaza, particularly surrounding the Israeli military's conduct in the beleaguered territory and the harm to civilian life there. President Joe Biden has delayed delivering certain heavy bombs since May over those concerns, but his administration fought back last week against Netanyahu's charges that other shipments had also been affected.

strategic partners to building a defence innovation bridge under the Critical and Emerging Technology Initiative, the US has said on the partnership's first anniversary. INDUS-X, which stands for enhanced strategic and defence partnership between India and the US, was launched on June 21 last year by the US Department of Defence and the Indian Ministry of Defence during Prime Minister Narendra Modi's state visit to Washington, DC. «In its first year, INDUS-X has advanced both countries' commitment to build a defence innovation bridge under the initiative on Critical and Emerging Technology (iCET),» the Department of Defence said in a press release on Friday. The iCET was launched by Prime Minister Modi and US President Joe Biden on the sidelines of the QUAD summit in Tokyo on May 24, 2022.

 Jack Otter and the panel discuss the downfall of Southwest Airlines’ popularity and how they could turn it around on ‘Barron’s Roundtable.’

Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. The comments came a day after Washington banned the firm, saying it presented a "national security risk."

Coinbase is spending $2m on ads aimed at Latino voters and consumers, part of the crypto industry’s effort to get supportive politicians in power.

The Supreme Court has upheld a tax on foreign income over a challenge backed by business and anti-regulatory interests

United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. Beijing views the democratically governed island as its territory, a claim rejected by the government in Taipei. «They told the U.S. side that they were absolutely convinced that they are able to prevail in a conventional fight over Taiwan without using nuclear weapons,» said scholar David Santoro, the U.S. organiser of the Track Two talks, the details of which are being reported by Reuters for the first time.

U.S., Treasury Secretary Janet Yellen has announced new sanctions against members of La Nueva Familia Michoacana drug cartel, a notoriously violent group that wars for territorial control with a slate of other Mexican cartels

The number of Americans applying for unemployment benefits slipped last week

Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts