The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Category: Senate
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Bessent Backs Financial Support for Oil-Rich U.A.E.
The New York Times – Business: -
Kevin Warsh, Trump’s Pick to Lead Fed, Faces Senate at Tricky Moment
The New York Times – Business:Kevin M. Warsh has enough support to become the next chair of the Federal Reserve, but a criminal investigation into the central bank stands in his way.
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Are Democrats Becoming a Party of Tax Cuts?
The New York Times – Business:As Democrats try to find a way back to power in Washington, some see tax cuts as a quick and easy way to address affordability. The wonks are freaking out.
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Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation
The New York Times – Business:The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair.
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Trump Faces a Tough Fight With His New Budget
The New York Times – Business:Last year, the president proposed many steep spending cuts that Congress never granted. This time, he may face an even tougher sell.
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Senate Resoundingly Passes Housing Bill, but Challenges Lie Ahead
The New York Times – Business:The lopsided vote to approve the measure was a rare bit of election-year bipartisanship on a major affordability issue, but G.O.P. disputes and President Trump’s disinterest have left its fate uncertain.
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Senate Moves Toward Passing Sweeping Housing Bill, but Challenges Lie Ahead
The New York Times – Business:The legislation’s progress is all the more surprising because it addresses an issue that is shaping up to be the main battleground of the midterm elections: affordability. The effort could still stall.
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Trump Sought Vast Budget Cuts. Congress Granted Few.
The New York Times – Business:In a series of deals over the past three months, lawmakers rejected some of the president’s most aggressive attempts to whittle down the government.
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State and Federal Lawmakers Want Data Centers to Pay More for Energy
Many proposals have been introduced, but there is little consensus among governors, Congress members and tech executives about exactly how much the companies behind data centers should pay for electricity.
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Coinbase, the Biggest U.S. Crypto Company, Asserts Its Power in Washington
The top executive of the crypto exchange Coinbase scuttled a planned Senate committee vote on a major cryptocurrency bill after voicing his concerns, a sign of the company’s clout.
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Initial Obamacare Enrollment Drops by 1.4 Million as Expiring ACA Subsidies Drive Up Premiums
That number could increase significantly as more consumers are faced with higher bills brought on by expiring premium subsidies.