In a landmark move, the US Senate has advanced the GENIUS Act, a bill aimed at creating a federal regulatory framework for stablecoins — a class of cryptocurrencies pegged to traditional assets like the US dollar. The measure passed a procedural vote 66–32 on Monday, overcoming weeks of political gridlock and signaling a major shift
President Donald Trump said on Wednesday that he is giving “very serious consideration” to taking mortgage giants Fannie Mae and Freddie Mac public, more than 15 years after they were taken under government control to stabilize the U.S. economy in the wake of the 2008 housing market collapse. “I am giving very serious consideration to
Bram Berkowitz | The Motley Fool White House claims ‘Big Beautiful Bill’ won’t raise deficit White House Press Secretary Karoline Leavitt said the ‘Big Beautiful Bill’ won’t raise the deficit, but nonpartisan analysts say otherwise. The U.S. House of Representatives has unveiled a legislative package dubbed “One Big, Beautiful bill,” a phrase President Donald Trump
JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg JPMorgan Chase JPM.NCEO Jamie Dimon said the bank’s succession plans were unchanged, without giving a timeline for when his successor might
On May 9, President Donald Trump signed his 150th executive order of 2025, directing Veterans Affairs (VA) to create a center for homeless veterans in Los Angeles on the VA’s West L.A. campus. This site has been subject to legal troubles recently. Last fall, a federal judge ruled the VA failed veterans in its fiduciary
NEW YORK (AP) — Between collections resuming, courts blocking student loan programs and layoffs at the Education Department, borrowers might be confused about the status of their student loans. Recently, the Education Department announced it would start involuntary collections on defaulted loans, meaning the roughly 5.3 million borrowers who are in default could have their
AI AMBITIONS The White House also said both countries inked an AI agreement that will see the UAE invest in US data centres and commit to “further align their national security regulations with the United States, including strong protections to prevent the diversion of US-origin technology”. The UAE is seeking to become a leader in
Pakistan’s Crypto Deal with Trump-Linked Firm Comes Days After Pahalgam Attack New Delhi: As US President Donald Trump jumped to take the credit for a ceasefire between India and Pakistan, a deal between Islamabad and World Liberty Financial (WLF), in which the president’s family has a 60% stake, is in the spotlight. Just days after
Topline The Republican National Committee spent more than $300,000 at businesses tied to Donald Trump and Donald Trump Jr. in March—including nearly $200,000 at Mar-a-Lago—showing that even as Trump promotes new revenue streams like crypto and Truth Social, his old assets continue generating political cash. President Donald Trump hosts a dinner for Republican Senators at
Imagine that someone in a position of great political power created a hundred billion raffle tickets and made them available for public purchase. If you buy the tickets, eventually you will receive a reward: a proportional quantity of magic beans—and eventually each magic bean will be exchangeable for one United States dollar. What’s more, if