Patrick McHenry wants to end the crypto quagmire in Congress The powerful House Financial Services Committee is set to vote on legislation in July. Fortune · Jun 22, 2023
Powell faces tricky task of explaining rate pause in Congress Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing message on the path of interest rates, with the added task of assuring Democrats and Republicans the economy is on track. Tribune News Service · Jun 20, 2023
SEC lawsuits against cryptocurrency companies raise questions about industry's future Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns The Independent UK · Jun 11, 2023
Gensler steals the limelight from House Republicans Another ambitious crypto bill is stalled by landmark SEC lawsuits against Binance and Coinbase. Fortune · Jun 7, 2023
Key House committees team up on bill that would provide clarity to crypto markets The House Committee on Financial Services and the House Committee on Agriculture released a long-awaited discussion draft. Fortune · Jun 2, 2023
'Shrink the room:' How Biden and McCarthy struck a debt-limit deal and staved off a catastrophe Perhaps most critical to locking up the debt-limit deal were President Joe Biden and House Speaker Kevin McCarthy’s five handpicked negotiators, three men and two women unknown to most outside government The Independent UK · Jun 1, 2023
Biden says debt ceiling deal 'very close.' Here's why it remains elusive The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions like whether to expand work requirements for federal assistance. WEKU · May 26, 2023
Debt ceiling deal within sight as Biden and Republicans continue to negotiate House adjourned for holiday weekend, but lawmakers could be recalled to vote on deal if agreement is reached The Guardian - US · May 25, 2023
Debt default 'X-date' calculations aim to figure out when the US may run short of cash For all the concern over when the government might run out of money to cover all its bills, it turns out that no one can be absolutely sure exactly when the country faces a potential default — the dreaded “X-date.” The Independent UK · May 25, 2023
Look who's talking: Biden goes quiet in debt-limit talks, while McCarthy can't stop chatting President Joe Biden has made a deliberate decision to go quiet as his team gets down to the wire in the debt-limit talks, according to White House officials The Independent UK · May 25, 2023
Low-key Louisiana lawmaker tapped to help lead GOP debt negotiations Rep. Garret Graves was critical in helping Kevin McCarthy get the votes to be elected speaker. Now, he's taking the lead at the negotiating table on how to avoid a historic debt default. WEKU · May 24, 2023
Debt ceiling talks aren't going well. Here's where they stand House Republicans insist there's a gulf between them and the White House on key areas on how to resolve the looming debt ceiling deadline. WEKU · May 24, 2023
McCarthy, Rep. Graves signal impasse in White House debt talks WASHINGTON — Speaker Kevin McCarthy left the U.S. Capitol late Tuesday afternoon saying the two parties had yet to reach a deal to avert a first-ever U.S. default, and a top lieutenant said there are no more meetings planned. Tribune News Service · May 24, 2023
Debt ceiling talks grind on, but Republicans say there's a 'lack of urgency' from White House Debt ceiling negotiators for President Joe Biden and House Speaker Kevin McCarthy are holed up again at the Capitol The Independent UK · May 23, 2023
Al Jazeera · May 23, 2023 Biden and McCarthy resume talks as US debt ceiling deadline looms Their meeting comes as US Treasury Secretary Janet Yellen issues third letter in three weeks, warning of a June default.
Tribune News Service · May 22, 2023 Debt-limit talks productive ahead of Biden meeting, McCarthy says House Speaker Kevin McCarthy said debt-limit discussions Monday morning with White House negotiators were productive ahead of a planned meeting later in the day with President Joe Biden.
The New Daily · May 20, 2023 US capital quiet as debt ceiling deadline nears Negotiators in the US capital say they are not sure when new meetings will take place as the country nears a debt ceiling deadline.
Tribune News Service · May 20, 2023 US debt limit meetings on hold, McCarthy says talks are ‘so-so’ U.S. debt limit negotiators aren’t planning to meet on Saturday, according to people with knowledge of the matter, as the White House accused Republicans of being unwilling to negotiate.
Tribune News Service · May 20, 2023 Debt limit talks resume after optimism curbed by GOP walkout WASHINGTON — Negotiators resumed talks Friday night to avert a catastrophic U.S. default hours after a Republican walk-out punctured optimism that a debt-limit deal was near and drove down stocks.
Tribune News Service · May 18, 2023 McCarthy, Schumer eye debt-limit votes ahead of June 1 deadline House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer are making plans for votes in the coming days on a bipartisan deal to avert a catastrophic U.S. debt default.
The Independent UK · May 13, 2023 Housing advocates warn GOP spending plan would be 'disastrous' Housing advocates are raising the alarm about House Republicans’ plan to dramatically cut the federal deficit to raise the debt ceiling
WEKU · May 9, 2023 Biden and congressional leaders met about the debt limit. They'll talk again on Friday The government could run out of money to pay its bills as soon as June 1. President Biden said talks were "productive" though Speaker Kevin McCarthy said "I didn't see any new movement."
Barchart · Apr 21, 2023 The Winds of Change Could be Blowing Cryptos Way The implosion of Terra Luna and its stablecoin UST caused massive financial losses for lending protocols and led to increased regulatory scrutiny and political opposition, but there are advocates in Congress pushing for digital assets and consumer choice, and recent stabilization in the crypto industry suggests a new uptrend for…
Fortune · Apr 19, 2023 Stablecoin legislation punted again as Republicans and Democrats butt heads: ‘We’re starting from scratch’ A bipartisan hearing devolved into uncertainty over regulation for the volatile sector.
Reason · Apr 19, 2023 Unlock the Cannabis Industry for Financial Institutions Financial institutions have been locked out of the cannabis industry because of a surveillance regime that appears to have done little to stop real criminals.