A bipartisan group of 132 members of Congress recently filed an amicus curiae brief urging the Supreme Court to uphold the Fifth Circuit's decision on the unconstitutionality of the Consumer Financial Protection Bureau's funding structure as lawmakers push for subjecting the Bureau's funding to congressional appropriations.
U.S. Rep. Pete Sessions (R-Texas) said in a recent news release he believes his sponsored bill, House Resolution 2622, will meet the needs of the investor community, proposing an extension of a temporary no-action letter while conducting a comprehensive study.
Despite ongoing tensions between the United States and China, U.S. Treasuring Secretary Janet L. Yellen said in a social media post she was "glad" to be in the communist nation last week for four days of meetings and diplomacy.
Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services Committee (FSC), introduced two bills last month in response to FinCEN's recent rules update on reporting provisions of beneficial ownership information.
Federal Reserve Chair Jerome Powell said during a June 21 Congressional hearing that Federal Reserve officials consider stablecoins money and accordingly believe the Fed should have a central role in their regulation.
The Israeli government has recognized Binance, the largest cryptocurrency exchange in the world by volume, for assisting in seizing crypto assets tied to the terrorist organization Hezbollah. Binance said in a tweet that it works with law enforcement agencies around the world to help combat criminal activity.
According to a recent assessment by the Congressional Budget Office (CBO), the Fiscal Responsibility Act is expected to have a significant impact on the nation's debt-to-GDP ratio.
Patrick McHenry, chairman of the House Financial Services Committee, sent a letter to Treasury Secretary Janet Yellen, chair of the Financial Stability Oversight Council (FSOC), in which McHenry invited Yellen to reconsider the FSOC’s decision to shift the focus from activities to size.
The Treasury Department delivered its semiannual report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners on June 16, with Treasury Secretary Janet Yellen saying the economy has been stronger than expected.
A U.S. Census Bureau report highlighted the critical role of Census Bureau data in distributing federal funding, a recent press release from the bureau said.
Rising housing interest rates have raised concerns for the International Monetary Fund (IMF), which has warned that this could weaken the demand for houses and lead to a drop in home prices.
On the heels of recent alarming situations in the financial world, Assistant Treasury Secretary for International Finance Brent Neiman stressed the importance of reassessing international financial regulatory cooperation.
U.S. Sen. Tim Scott (R-S.C.) believes the United States needs to take a stronger stance against China, not only to make the U.S. economy stronger, but to put it in a better position to outcompete China.
Philip Lowe, the Reserve Bank of Australia's (RBA) governor, announced that the RBA would fight inflation with a 25-point increase in the cash rate target, a surprise move that has already increased the cost of borrowing.
Treasury Secretary Janet Yellen said she believes that there is a chance to bring down inflation while maintaining a strong labor market, she said during an interview with CNBC, which she shared on social media.
Several industries are dealing with challenges when it comes to productivity growth in the first quarter of 2023, at least according to revised data from the U.S. Bureau of Labor Statistics.
In its "Economic Well-Being of U.S. Households in 2022” report, the Federal Reserve Board is shining a light on the impact of higher prices on American households, peeling back the covers on economic challenges faced in American households.
Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, highlighted the factors that shape the long-term outlook for the economy during remarks she recently at the Central Banking Series in Dublin.