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McCarthy tries to get out of his box on debt ceiling House Speaker Kevin McCarthy (R-Calif.) is pressing for Democrats to come to the bargaining table and begin negotiations to address the nation’s debt limit, as he faces pressures within his party to make good on significant fiscal reform. McCarthy called on the White House to start…
” Opinion: Bots are a critical tool for retail investors “ The thing about the future, where robotic super traders battle over micromovements in stock price, is that it’s already here. With access to algorithmic trading bots a click away, we could be seeing the fall of human investors and the triumph of artificial intelligence. …
” Decentralized forex will reduce cost by as much as 80%: Report “ If the foreign exchange market starts using DeFi protocols instead of the current centralized systems, the cost of remittances could be reduced by “as much as 80%,” according to a Jan. 19 paper jointly published by researchers at Circle and Uniswap. On-chain…
McConnell: US ‘never will’ default on its debt Senate Minority Leader Mitch McConnell (R-Ky.) said Thursday he is confident that the U.S. will never default on its debt and that he is not concerned a financial crisis could be on the horizon. McConnell told reporters in his home state that while the push to raise…
Treasury resorts to ‘extraordinary measures’ after US hits debt limit Treasury Secretary Janet Yellen on Thursday notified congressional leaders that her office will begin to implement “extraordinary measures” to keep the U.S. government from defaulting on its debt. The nation’s debt climbed to more than $31.4 trillion this week, federal financial data shows, crossing the threshold set by…
Comer focuses on Penn Biden Center in investigation of classified documents Rep. James Comer (R-Ky.), the chair of the House Oversight and Accountability Committee, is zeroing in on the Penn Biden Center in Washington, D.C., as part of the panel’s investigation into classified documents discovered in President Biden’s former office at the think tank. Comer…
White House rips appointment of ‘extreme MAGA members’ to House Oversight panel The White House on Wednesday bashed House Republicans for placing some of their most controversial members on the House Oversight and Reform Committee, accusing the GOP of “handing the keys of oversight” to extremists. The administration responded to news that Reps. Marjorie Taylor…
Fast-rising Dem star Wes Moore to be inaugurated Wednesday One of the fastest-rising stars in the Democratic Party will be sworn in on Wednesday when Wes Moore is inaugurated as the new governor of Maryland. It will be a historic moment when Moore takes the oath of office: He’ll be the first Black governor of…
The Hill’s Morning Report — McCarthy urges Biden to negotiate on debt Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….
Five ways a debt limit crisis could derail the US economy The biggest threat the U.S. economy faces this year could be the fight over the federal debt limit. Congress and the White House have roughly six months to avoid an unprecedented and potentially catastrophic default on the federal debt. But there is no clear…