Congress

Supreme Court: Harlan Crow paid school tuition for Clarence Thomas’ nephew, report says

The Republican billionaire donor Harlan Crow for several years paid the pricey private school tuition of a great-nephew of Supreme…

Former top execs of SVB and Signature Bank will testify at Senate hearing this month

WASHINGTON — Former top executives of failed Silicon Valley Bank and Signature Bank will testify before the Senate on May…

Democrats harden their message on the debt ceiling while quietly paving the way for a deal

WASHINGTON — Democrats responded to the news that the U.S. could default on its debt as early as June 1 by…

Lawmakers led by Democrats urge the Fed to halt rate hikes ahead of Wednesday’s announcement

WASHINGTON — A group led by several prominent Democratic lawmakers is calling on the Federal Reserve to halt rate hikes…

Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling

WASHINGTON — Lawmakers who sit atop key banking committees praised the federal takeover of First Republic Bank on Monday, and…

These are the top Senate races to watch in 2024

Democrats grew their Senate majority in 2022. They’ll be lucky to keep those gains in 2024. Republicans, who took over…

Powell duped by Russian pranksters who claimed to be Ukraine’s Volodymyr Zelenskyy

WASHINGTON — Federal Reserve Chairman Jerome Powell spoke by phone with two Russian pranksters earlier this year who falsely claimed…

House passes GOP debt limit bill, as McCarthy tries to draw Biden into negotiations

WASHINGTON — A Republican bill to raise the debt limit and slash government funding passed the House on Wednesday, after…

GOP debt ceiling bill faces its first test as analysts warn U.S. faces default risk as early as June

WASHINGTON — A House Republican bill to raise the debt limit while dramatically cutting federal spending faces its first test…

New draft of House stablecoin regulation focuses on state regulators, issuers

WASHINGTON — Republicans on the House Financial Services Committee on Monday released a new draft of legislation to regulate stablecoin…