Rep. Maxine Waters, D-Calif., left, and House Financial Services Committee Chair French Hill, R-Ark. Bloomberg News WASHINGTON — House Republicans couldn’t quickly pass their stablecoin bill out of committee as Democratic lawmakers exhaustively introduced amendments to address fears that President Donald Trump’s cryptocurrency ambitions pose a significant conflict of interest. No votes had been taken
As President Donald Trump’s sweeping tariffs create turmoil in financial markets, a personal finance pro shared guidance on why you shouldn’t check your 401(k) right away or make any rash financial moves. “Go ahead and panic. Scream, cry; you can even curse,” Washington Post columnist Michelle Singletary said Thursday as Americans saw drops to yearslong
Michaela Galligan | Staff Writer On Thursday, March 20, President Donald Trump signed an executive order to dismantle the U.S. Department of Education, following through on his long-standing opposition to the agency. Trump has targeted the department since his campaign citing concerns over bureaucracy and liberal influence. Before the order, his administration had already downsized
Several nonprofit groups across the country are suing the U.S. Department of Health and Human Services in a bid to restore funding tied to providing legal representation for roughly 26,000 unaccompanied children in the United States, days after the Trump administration moved to cancel such contracts. The federal lawsuit announced Wednesday, March 26, was filed
This is not good: The Trump administration is going about federal civil rights investigations rather unusually, per The Washington Post, and appears to be making tip lists of students they seek to deport or otherwise punish. Generally speaking, federal civil rights probes involve inquiries to the colleges in question as to what type of incidents they encountered, how
US President Donald Trump’s pro-fossil fuel policies spell opportunity for some climate investors. Trump’s push for to drill more oil and gas and reduced reliance on clean power may be drawing the ire of climate activists and have helped Big Oil firms pivot back to what they are best at. But as fossil fuel giants
China’s finance ministry has announced the impending issuance of sovereign green bonds in London, which will mark its first overseas sale of such bonds and a concrete step following high-level economic and finance talks earlier this year. The yuan-denominated issuance will be worth up to 6 billion yuan (US$829.75 million) with specific details to be
David Shepardson | Reuters Trump grants one-month tariff exemption for major automakers President Donald Trump granted a one-month tariff exemption to any autos coming from Mexico and Canada for Ford, General Motors, and Stellantis. President Donald Trump met General Motors GM.N CEO Mary Barra on Wednesday to discuss the automaker’s investment plans amid his tariff war, a White House
Suzanne McGee, Carolina Mandl and Ankur Banerjee | Reuters Trump wants to kill $52 billion semiconductor subsidy law Trump says lawmakers should cancel the $52.7 billion CHIPS Act to in Washington, D.C. “Taiwan Semiconductor, the biggest in the world, most powerful in the world, has a tremendous amount, 97% of the market, announced a $165