Sen. Elizabeth Warren (D-Mass.), a leading figure in the Democratic Party’s liberal wing, warned her fellow Democrats on Monday to not shy away from next year’s fight over whether to extend temporary tax cuts enacted by former President Donald Trump in 2017. “The 2025 tax fight will create a huge opportunity to break with decades … Read more
The Federal Reserve should cut interest rates this week for the first time since the onset of the COVID-19 pandemic, three Democratic senators said Monday in a letter to its chairman, Jerome Powell. “The Fed’s monetary policy is not helping to reduce inflation. Indeed, it is driving up housing and auto insurance costs — two … Read more
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 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
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
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
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
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
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
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
