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FTX failure divides lawmakers on how tough to get with crypto regulation
Members of a U.S. House committee disagreed at a Tuesday hearing about whether more aggressive federal regulation would have protected customers from the collapse of cryptocurrency firm FTX and the alleged fraud of its founder, Samuel Bankman-Fried. Lawmakers at the four-hour House Financial Services Committee hearing appeared to view the unfolding scandal around Bankman-Fried, arrested […]
Tribes seek U.S. help to curb Canadian mining threats to Northwestern states
Indigenous leaders from the Northwest renewed their call this week for the federal government to pressure Canada to stop additional mining activity in British Columbia, which they say contaminates waters and threatens Native American ways of life in Alaska, Montana and Idaho. As British Columbia plans to expand its profitable coal, copper and gold mining […]
Attempt to help states ease banking for marijuana businesses stumbles in Congress
The annual Defense Department policy bill members of Congress released late Tuesday did not include measures to loosen federal marijuana restrictions, to the disappointment of advocates. That leaves few avenues to pass marijuana measures seen as boons to states where the drug is legal before Congress adjourns for the year. As one of the last […]
Despite FTX fallout, some U.S. House members still skeptical about crypto regulation
Nearly nine months after a bipartisan group of U.S. House members sent a letter questioning the Securities and Exchange Commission’s investigation into cryptocurrencies, including the failed FTX exchange, the lawmakers are maintaining their position that the agency’s approach to regulating crypto is deeply flawed. In public comments since FTX’s collapse last month, the congressmen, led […]
U.S. House votes to avert calamitous rail strike, but Senate prospects murky
The U.S. House moved Wednesday to avoid an economically disastrous nationwide rail strike, voting to codify an agreement that members of some unions had already rejected and separately add paid sick leave that workers had demanded. The two-track approach allows Democrats to avert a strike that could cost the U.S. economy up to $2 billion […]
Little appetite for Manchin permitting bill in congressional lame-duck session
Among the items on Congress’ lengthy to-do list by the end of the year is U.S. Sen. Joe Manchin’s proposal to speed up the federal government’s permitting process that certifies energy projects do not harm the environment. But the bill, which was a condition of the centrist West Virginia Democrat’s support for his party’s larger […]
Republicans win control of the U.S. House with 218th seat
Republicans clinched a majority in the U.S. House on Wednesday night after a Republican won reelection to a California seat that put the GOP over the top, according to Associated Press projections. Though not as decisive a victory as GOP leaders had hoped, Republican candidates flipped key seats in New York, Virginia, Oregon and Arizona […]
Trump announces a third bid for the presidency, even as GOP reels from midterm setback
Former President Donald Trump, whose lies about his reelection loss in 2020 precipitated an insurrectionist attack on the U.S. Capitol, said Tuesday he will make another run for the White House in 2024. His announcement came only a week after a disappointing showing by Republicans — especially those who endorsed his false claims about 2020 […]
U.S. Supreme Court denies attempt by Arizona GOP chair to block Jan. 6 panel subpoena
The U.S. Supreme Court sided Monday with the U.S. House committee investigating the Jan. 6, 2021, attack on the Capitol, denying a request from Arizona Republican Chairwoman Kelli Ward and her husband to block the panel from obtaining their cellphone records. The court’s two-paragraph order ends Kelli and Michael Ward’s federal suit to block the […]
Democrats projected to retain U.S. Senate control after winning Nevada seat
Democratic U.S. Sen. Catherine Cortez Masto of Nevada will win reelection, according to Associated Press projections late Saturday, ensuring Democrats will remain in the majority next year no matter what happens in a runoff election in Georgia next month. After days of vote counting, U.S. Sens. Mark Kelly of Arizona and Cortez Masto were both […]
GOP on track to control U.S. House, but dozens of races still undecided
Republicans remained on pace to likely wrest control of the U.S. House, even as Democrats picked up a few more victories in close races late Wednesday and into the day Thursday. As of about 5 p.m. Eastern on Thursday, The Associated Press had called 209 races for Republicans. That put them ahead of Democrats’ 191, […]
Recreational marijuana use will be legal in 21 states after ballot measures pass
Advocates for marijuana liberalization saw mixed results as legalization ballot measures were counted Tuesday, with Maryland and Missouri voters approving recreational use for adults but Arkansas, South Dakota and North Dakota rejecting the proposal. Maryland and Missouri will bring the list of states where recreational marijuana use is legal to 21. Michigan voters legalized marijuana […]