Trump campaign starts taking cryptocurrency donations

Former US President Donald Trump speaks during a campaign event at the Waukesha Expo Center in Waukesha, Wisconsin, US, on Wednesday, May 1, 2024.  Daniel Steinle | Bloomberg | Getty Images The Trump campaign announced Tuesday it will start accepting cryptocurrency donations, casting the move as one of solidarity with opponents of “socialistic government control” … Read more

UnitedHealth Group CEO takes bipartisan heat in Senate hearing over cyberattack

UnitedHealth Group CEO Andrew Witty took fire from both sides of the aisle Wednesday during his testimony before the Senate Finance Committee on the cyberattack on Change Healthcare, a subsidiary of his company. Senate Finance Chair Ron Wyden (D-Ore.) made it clear straight out of the gate that he blamed Witty’s leadership for the cyberattack, … Read more

TikTok ban opponents pin hopes on Senate

Opponents of legislation that could ban TikTok in the United States are pinning their hopes on the Senate as the House readies to send a major foreign aid package to the upper chamber. The legislation would force TikTok’s Chinese parent company ByteDance to sell the popular app or be banned in the U.S., and it … Read more

‘It Makes No Sense’: Democrats Reject Calls For Sonia Sotomayor To Retire Early

WASHINGTON – Senate Democrats dismissed calls for Supreme Court Justice Sonia Sotomayor to step down in order to ensure President Joe Biden has the chance to name her successor while his party controls the Senate this year. “I don’t think there’s anything I know about her medical condition that would disqualify her from continuing. I … Read more

Older adults with student debt at risk of losing some Social Security benefits

Martinprescott | E+ | Getty Images Millions of older adults who are behind on their student loans could soon receive a smaller Social Security benefit. That was the warning from Democratic lawmakers, including Sen. Elizabeth Warren, D-Mass., and Sen. Ron Wyden, D-Ore., in a recent letter to the Biden administration. “When borrowers are in collections, … Read more

Powell reinforces position that the Fed is not ready to start cutting interest rates

Federal Reserve Chairman Jerome Powell arrives to testify during the House Financial Services Committee hearing titled “The Federal Reserve’s Semi-Annual Monetary Policy Report,” in Rayburn Building on Wednesday, June 21, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start … Read more

Bitcoin hits all-time high, moving markets but not Washington

The price of a single bitcoin hit an all-time high Tuesday, topping $68,800 for the first time since November 2021 and extending a rally fueled by a cash infusion following the approval of exchange-traded funds that hold the cryptocurrency. The Securities and Exchange Commission (SEC) approved the first U.S. spot exchange-traded funds in January, lending … Read more

Elizabeth Warren’s Opponent Used Racial Slur In Book

John Deaton, a Republican cryptocurrency attorney who announced he was challenging Sen. Elizabeth Warren (D-Mass.) on Tuesday, repeatedly used a racial slur in a memoir published last fall while recounting his impoverished Detroit upbringing. The fifth chapter of his book, “Food Stamp Warrior,” features repeated uncensored uses of the N-word, as Deaton — who is … Read more

Lawmakers Call Out Major U.S. Banks For Discrimination

Sen. Elizabeth Warren (D-Mass.) and Rep. Ilhan Omar (D-Minn.) released a letter Thursday demanding answers from the heads of several leading U.S. banks about policies that have disproportionately targeted Muslim Americans and communities of color. “The lack of information regarding the scope of de-risking practices and the impact on Muslim American consumers and other minority … Read more

Why Capital One is buying Discover in the biggest merger yet of 2024

Capital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall Street-speak — it’s a bid to protect itself against a rising tide of fintech and regulatory threats. It’s a chess … Read more