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.
In a press release issued by the Federal Reserve, recent data suggests that the U.S. economy is growing at a modest pace, with robust job gains and a steady low unemployment rate.
Attorney John Deaton, managing partner at Deaton Law Firm, said Judge Amy Berman Jackson denied the U.S. Securities and Exchange Commission’s (SEC) “unreasonable” request for an emergency temporary restraining order (TRO) against cryptocurrency exchange Binance.
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.
After reviewing its lawsuit against cryptocurrency giant Binance, financial news analyst Matt Levine said that "all [the SEC] could find is that Binance is running a crypto exchange."
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.
The U.S. Securities and Exchange Commission's former chief counsel criticized the commission's lawsuits against against major crypto exchanges Binance and Coinbase, calling the suits "regulation-by-enforcement."