Congress

New crypto oversight legislation arrives as industry shakes

New crypto oversight legislation arrives as industry shakes

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes, and hundreds of billions of dollars created and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered the Capitol with proposals on how to regulate the industry. The latest bipartisan proposal came Wednesday …

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7 changes Americans are willing to make to fix Social Security — including one with 'overwhelming bipartisan support'

7 changes Americans are willing to make to fix Social Security — including one with ‘overwhelming bipartisan support’

zimmytws | iStock | fake images There are just 13 years before Social Security can’t pay full benefits, according to a recent annual report from the program’s trustees. In 2035, only 80% of benefits will be paid if Congress doesn’t fix the program sooner. Strengthening the program will generally mean raising taxes, lowering benefits, or …

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Biden shrugs off recession talk, talks up fighting inflation

Biden shrugs off recession talk, talks up fighting inflation

WASHINGTON (AP) — President Joe Biden and his administration did their best Thursday to downplay a troubling new economic report. that added to the evidence of a recession, trying to focus instead on important legislative progress on measures to control inflation, reduce debt and preserve America’s competitive advantage. The desire to accentuate the positive reflected …

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Ex-US congressman among 9 charged in insider trading cases

Ex-US congressman among 9 charged in insider trading cases

NEW YORK (AP) — A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent and an investment banker were among nine people charged in four separate, unrelated trafficking schemes. insider trading revealed Monday with the disclosure of allegations in New York City. It was one of the biggest …

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