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President Biden’s nominee to run the Labor Department, Julie Su, is facing an uphill climb toward confirmation as lawmakers prepare for a bruising battle in the coming weeks once the Senate returns from recess. Congress heads into a two-week break with a few moderate Democrats concerned over if she’s the right person for the job,…
Treasury Secretary Janet Yellen said Thursday that the capacity of the U.S. government to respond to and prop up failing financial markets was “decimated” by cutbacks enacted during the Trump administration. Her remarks come in the wake of state interventions to save depositors at failed banks Signature and Silicon Valley Bank (SVB), which catered to…
Bitcoin ATM manufacturer General Bytes says it is reimbursing its cloud-hosted customers that lost funds in a “security incident” in March that saw its customers’ hot wallets accessed. As previously reported by Cointelegraph, the ATM manufacturer issued a statement about a security incident on March 17 and March 18, which involved a hacker remotely uploading…
The Chicago mayoral race is emerging as a key test for Democrats on how they handle the hot-button issues of crime and public safety. Two starkly different candidates in the Windy City’s April 4 runoff have offered contrasting approaches over an issue that has been blamed for costing the party control of the House last…
House Democrats said their visit as part of a GOP-led trip to the Washington, D.C. jail where rioters from the Jan. 6, 2021, insurrection are being held showed they had no remorse for their actions. The comments came after the trip, which was organized by Rep. Marjorie Taylor Greene (R-Ga.) earlier this month, following criticism…
Florida Gov. Ron DeSantis (R) said he is “more of an executive guy” in response to a question about whether he would join a ticket as former President Trump’s running mate if Trump wins the 2024 GOP presidential nomination. DeSantis told Newsmax in an interview on Thursday evening that he wanted to be the governor…
Rockets hit another U.S. base in Syria on Friday following a U.S. strike on facilities controlled by Iranian-backed militia groups. The rocket attacks fired at the Green Village base, located in the Al-Omar gas field of northeastern Syria, caused no casualties, according to Maj. John Moore, a spokesperson for U.S. Central Command (CENTCOM). Washington launched…
Former President Trump argued early Friday morning that filing charges against him could result in “potential death & destruction” as he railed against the possibility of an indictment by the Manhattan district attorney. “What kind of person can charge another person, in this case a former President of the United States, who got more votes…
Fed hikes rates despite concerns over banking crisis The Federal Reserve hiked interest rates by 0.25 percentage points on Wednesday after numerous failures in the banking sector had prompted some analysts on Wall Street to call for a pause. The quarter-point hike is the ninth consecutive rate increase by the Fed since March of last…