Coinbase Global (COIN) stock is flying after two pivotal developments: the U.S. Senate’s passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and Coinbase’s push to gain SEC approval for tokenized equity trading. Both have massive implications for the crypto economy-focused financial technology company. While the regulatory skies are clearing for…
By Richard Cowan WASHINGTON (Reuters) -A U.S. Senate bill that would require congressional approval for new tariffs gained more Republican support on Friday, in the second day of a stock market rout sparked by President Donald Trump’s move to impose sweeping new taxes on imports. Republican U.S. Senators Lisa Murkowski of Alaska, Mitch McConnell of…
Trump layoffs could impact IRS, tax refunds, experts say Tax experts are advising taxpayers to file early to avoid delays as the IRS faces potential layoffs from the Trump administration. IRS hasn’t experienced glitches issuing tax refunds so far, experts say. For the week ending March 7, the average federal income tax refund was $3,324…
Government shutdown averted: Senate advances funding bill Democrats helped the Senate advance the GOP spending bill with a vote of 62-38. U.S. stocks ended the day higher, with the blue-chip Dow clawing back 675 points, on optimism the government will stay open. Senate Minority Leader Chuck Schumer, D-N.Y., said he wouldn’t block a Republican government funding bill,…
A heated exchange erupted between Massachusetts U.S. Sen. Elizabeth Warren and President Donald Trump’s nominee for Secretary of Health and Human Services, Robert F. Kennedy Jr., during his senate confirmation hearing on Wednesday.The exchange erupted when Warren asked Kennedy about his previous anti-vaccine statements, which Kennedy appeared to walk back during the hearing. “There is…
Van Jones, an ex-adviser to former President Barack Obama and current CNN political commentator, said on Friday that President-elect Donald Trump is “smarter” than all his critics. In a video posted to political commentator Chris Cillizza’s YouTube channel on Friday, he asked Jones, “How the hell did Donald Trump figure out the mainstream media is…
A bill to rename a San Francisco post office after the late former mayor and U.S. Sen. Dianne Feinstein has unanimously passed the U.S. Senate. The bill was co-authored by California’s two current senators, Alex Padilla and Laphonza Butler, both Democrats. The Dianne Feinstein Post Office will be located at the Rincon Finance Center at…
Senate Republicans sent Donald Trump a “loud and clear” message by rejecting his nomination of former Representative Matt Gaetz as attorney general, according to legal analyst Glenn Kirschner. Gaetz announced on Thursday that he was withdrawing from consideration as Trump’s nominee because he believed that “a needlessly protracted Washington scuffle” over his confirmation by the…
Republicans look poised to win control of the U.S. Senate while Democrats could take the House as voters across the nation cast ballots Tuesday. Early results gave Republicans an edge, as West Virginia Gov. Jim Justice won a U.S. Senate seat from that state, according to an Associated Press projection. The seat is held now…
Both candidates running for the U.S. Senate in Ohio made stops in the Miami Valley this weekend. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] You will hear how people feel about this tight Senate race tonight on News Center 7 at 11:00. TRENDING STORIES: Both incumbent Democratic Senator Sherrod Brown and Republican…