Breaking News: Politics
Coinbase CEO says banks are fighting stablecoin rewards with ‘boogeyman’ issues
Coinbase CEO Brian Armstrong and other crypto executives took to Capitol Hill this week as part of a regulatory showdown between the industry and banks with potentially trillions at stake. Banking advocacy groups are urging lawmakers to prohibit crypto exchanges like Coinbase from offering customers rewards that are structured like interest payments banks offer. “I’m […]
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Microsoft to spend $4 billion on second Wisconsin data center
Microsoft’s first data center in Mount Pleasant, Wisconsin. Microsoft RACINE, Wis. — Microsoft said Thursday that it will allocate $4 billion to build a second data center in Wisconsin. The first one will come online in early 2026, with the software company spending $3.3 billion on it. The first Wisconsin data center, in nearby Mount […]
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The pomp and pageantry ends as Trump’s state visit gets down to business
U.S. President Donald Trump and King Charles III during a state banquet at Windsor Castle for the State visit by the President of the United States of America on September 17, 2025 in Windsor, England. Wpa Pool | Getty Images News | Getty Images U.S. President Donald Trump on Thursday left Windsor Castle — where […]
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Bessent made mortgage claims similar to ones Trump cited to try to fire Fed’s Cook: Report
Treasury Secretary Scott Bessent once agreed to call two different houses his “principal residence” at the same time — a similar claim to the one that President Donald Trump cited when he tried to fire Federal Reserve Governor Lisa Cook, according to a report Wednesday. Documents show that on the same day in September 2007, […]
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China’s defense minister urges greater unity to avoid ‘law of the jungle’
China’s Defence Minister Dong Jun speaks at the opening ceremony of the Xiangshan Forum at the Beijing International Convention Center in Beijing on September 18, 2025. Greg Baker | Afp | Getty Images China’s defence minister on Thursday urged greater efforts for global unity, warning against an increasingly divided world “defined by the rule of […]
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Johnson says Democrats will ‘lose that battle’ if shutdown hinges on ACA subsidies
House Speaker Mike Johnson accused Democrats in Congress on Wednesday of inserting “partisan political preferences” into the government funding fight, and said they are risking a shutdown if they don’t drop their demands. “It doesn’t make any sense, and they’re going to lose that battle,” Johnson said on CNBC’s “Squawk Box” of his Democratic colleagues. […]
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Fed approves quarter-point interest rate cut and sees two more coming this year
watch now VIDEO2:2202:22 Fed lowers rates by a quarter point The Exchange WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market even as inflation is still in the […]
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New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together
Key Points Federal Reserve Governor Stephen Miran dissented from the Fed’s decision to lower its key interest rate by a quarter percentage point on Wednesday. Miran, the Trump appointee that the Senate confirmed to the Fed Board of Governors just a day before the two-day policy meeting kicked off, preferred a half-point cut. The governor […]
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Trump pick Stephen Miran confirmed to Federal Reserve Board; will also keep White House job
Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, DC, US, on Tuesday, June 17, 2025. Aaron Schwartz | Bloomberg | Getty Images The Senate on Monday confirmed President Donald Trump’s pick to join the Federal Reserve, Stephen Miran, just one day before the central […]
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Trump cannot fire Fed’s Lisa Cook before FOMC meeting, appeals court rules
Lisa Cook, governor of the US Federal Reserve, during the Thomas Laubach Research Conference hosted by the US Federal Reserve Board of Governors in Washington, DC, US, on Friday, May 19, 2023. Al Drago | Bloomberg | Getty Images A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa […]
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