U.S. Economy

Congress hands the crypto industry two wins and a loss before August recess

WASHINGTON — Lawmakers took big steps this week aimed at regulating digital assets before closing up shop until September. Two…

Senators aim to protect small businesses from foreign IP theft with new bill

WASHINGTON — Senators introduced a bill Thursday that aims to protect the intellectual property of American companies, particularly small business…

Senators spar over whether CFPB has the power to root out junk fees

WASHINGTON — Members of the Senate Banking Committee jostled Wednesday over whether the leading U.S. consumer protection agency has the…

15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer

The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…

Senate passes toned-down bill to increase oversight of investments in Chinese technology

The Senate overwhelmingly backed legislation Tuesday that would require U.S. firms to notify the Treasury when investing in advanced Chinese…

What new norm of slower Chinese growth could mean for the global economy

The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after…

‘Oppenheimer’ mania pushes Army to warn of long tourist lines at Trinity atomic test site

WASHINGTON — The U.S. Army said its upcoming open house of the Trinity Site is expected to receive “a larger than normal…

A ‘momentous week’ ahead as the Fed, ECB and Bank of Japan near pivot point

The U.S. Federal Reserve, Bank of Japan and European Central Bank will all announce key interest rate decisions this week,…

Morgan Stanley credits Bidenomics for ‘much stronger’ than expected GDP growth

WASHINGTON — Morgan Stanley is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy…

Junk fees, medical debt and artificial intelligence: CFPB chief lays out regulatory agenda

Rohit Chopra has lofty plans for the Consumer Financial Protection Bureau to tackle artificial intelligence threats, medical-debt reporting, exorbitant credit…