Rep. French Hill, R-Ark., plans to take an aggressive stance on regulating digital assets this year CQ-Roll Call, Inc via Getty Images What happened As the new 118th Congress finalizes committee membership, the Republican-led House of Representatives is already showing signs of a fresh approach to how cryptocurrencies are regulated in the US. One of … Read more
Treasury Secretary Janet Yellen told Congress on Friday that the US will reach its legal debt limit next Thursday. After that, the Treasury Department will begin “to take certain exceptional measures to prevent the United States from defaulting on its commitments,” Yellen wrote in a letter to House Speaker Kevin McCarthy, R-Calif. While the Treasury … Read more
Rep. George Santos (RN.Y.). Photo: Tom Williams/CQ-Roll Call Inc. via Getty Images. Seven House Republicans have called on Rep. George Santos (RN.Y.) to resign over revelations that he made up large parts of his resume, background and personal finances. Why it matters: The demands stand in stark contrast to the position of Republican House leaders, … Read more
WASHINGTON (AP) — After an epic 15-ball election to become Speaker of the House, Republican Kevin McCarthy faces his next big test in governing an uneasy, narrow majority: passing a package of rules governing the House of Representatives. Drafting and approving a rulebook is usually a fairly routine legislative affair, but in these times it’s … Read more
A week after November’s midterm elections, a small group of far-right GOP lawmakers and activists gathered on K Street in Washington, DC to discuss strategies for using their slim majority to seize power in the House of Representatives . The next Congress, influential activist Ed Corrigan has said, could be a “European-style coalition government” led … Read more
WASHINGTON Kevin McCarthy failed to get the majority of the votes he needed after a historic three rounds of voting after a weekend in which he made concessions to win support to run for speaker of the US House of Representatives. The House plans to return Wednesday midday to continue the search for a speaker. … Read more
Rep. Patrick McHenry (R-NC) and House Financial Services Committee Chair Maxine Waters (D-CA) listen as David Marcus, CEO of Facebook’s Calibra, discusses the “investigation into Facebook’s proposed cryptocurrency and its Impact on Consumers, Investors and the American Financial System’ on Capitol Hill in Washington, USA, July 17, 2019. Joshua Roberts | Reuters Republicans hoping that … Read more
Rep. Patrick McHenry (R-NC) and House Financial Services Committee Chair Maxine Waters (D-CA) listen as David Marcus, CEO of Facebook’s Calibra, discusses the “investigation into Facebook’s proposed cryptocurrency and its Impact on Consumers, Investors and the American Financial System’ on Capitol Hill in Washington, USA, July 17, 2019. Joshua Roberts | Reuters Republicans hoping that … Read more
WASHINGTON — The White House has been called in to help settle a disagreement between the Navy and Defense Departments over an amphibious warship requirements study owed to Congress, a defense official told Defense News. The Navy and Marine Corps told lawmakers this spring that they were nearing release of a study examining the number … Read more
WASHINGTON — Congress on Tuesday night unveiled plans for a compromise defense authorization bill that would increase the military budget by 8% over fiscal 2022, for a vote in the House of Representatives as early as Wednesday. The $858 billion plan — which includes about $817 billion in Defense Department spending — also includes billions … Read more