White House announces $140 million A.I. hub investment ahead of meeting with Google, OpenAI
The White House announced it would invest $140 million to create seven artificial intelligence research hubs and released new guidance…
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 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…
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…
New bipartisan bill would let the U.S. Mint alter the metal content of coins to save money
WASHINGTON — A bipartisan bill to authorize the U.S. Mint to alter the metal content of coins in order to…
Gensler defends SEC’s crypto crackdown in marathon House hearing
WASHINGTON — Securities and Exchange Commission Chairman Gary Gensler faced a barrage of criticism from House Republicans on Tuesday over his…
