Congress

Legislation aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC) has been reintroduced by Representative Tom Emmer.On Sep. 12, Emmer and 49 original co-sponsors revived the “CBDC…

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Kavish Harjai Published Aug 26, 2023  •  4 minute read Article content LOS ANGELES (AP) — One of the features that President…

The status of the US dollar as the global reserve currency will be under threat if Congress does not act quickly to regulate stablecoins, warns the CEO of Circle.On July 13, Jeremy Allaire appeared in a two-minute video by Circle, the…

© Reuters. US House Speaker Kevin McCarthy (R-Calif.) leaves after reaching a tentative agreement with President Joe Biden to raise the US debt ceiling and avoid a catastrophic default, at the US Capitol in Washington, May 27, 2023.…

Robert Reich, the former US Secretary of Labor, called on the government to bypass Congress in order to unilaterally raise the debt ceiling. The US Constitution gives President Biden the power to ignore this debt limit, Reich says,…

Treasury Secretary Janet Yellen said there were "simply no good options" for resolving Washington's debt-limit impasse other than raising the cap by Congress and warned that resorting to the Fourteenth Amendment would lead to a…