Bankman-Fried says he will testify before U.S. House committee

Bankman-Fried says he will testify before U.S. House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the … Read more

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls  bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets … Read more

U.S. appeals court rejects Biden’s bid to revive student debt plan

U.S. appeals court rejects Biden’s bid to revive student debt plan

Nov 30 (Reuters) – A federal appeals court on Wednesday declined to put on hold a Texas judge’s ruling that said President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful. The New Orleans-based 5th U.S. Circuit Court of Appeals rejected the Biden administration’s request to pause a … Read more

U.S. House Democrats elect Hakeem Jeffries as first Black party leader

U.S. House Democrats elect Hakeem Jeffries as first Black party leader

WASHINGTON, Nov 30 (Reuters) – Hakeem Jeffries was unanimously elected on Wednesday to become the Democratic Party’s top leader in the U.S. House of Representatives beginning in January, making him the first Black American to hold such a high-ranking position in Congress. The vote by Jeffries’ fellow Democrats also marked the rise of a younger … Read more

U.S. to boost spending on tribal lands, protect Nevada sacred site

U.S. to boost spending on tribal lands, protect Nevada sacred site

WASHINGTON, Nov 30 (Reuters) – The Biden administration will give Native American tribes more say in managing federal and tribal lands as part of a plan that includes assistance for tribes whose land has been harmed by climate change, the White House said on Wednesday. President Joe Biden and other Cabinet officials announced the measures … Read more

U.S. Senate passes same-sex marriage protection bill

U.S. Senate passes same-sex marriage protection bill

WASHINGTON, Nov 29 (Reuters) – The U.S. Senate passed a bill on Tuesday that would protect federal recognition of same-sex marriage, a measure taken up in response to worries the Supreme Court could overturn a 2015 decision that legalized it nationwide. The narrowly tailored bill, which would require the federal government to recognize a marriage … Read more

U.S. House to vote to block rail strike despite labor objections

U.S. House to vote to block rail strike despite labor objections

WASHINGTON/LOS ANGELES, Nov 29 (Reuters) – The U.S. House of Representatives was set to vote Wednesday to block a rail strike that could potentially happen as early as Dec. 9, after President Joe Biden warned of dire economic consequences and massive job losses. House Speaker Nancy Pelosi said lawmakers will vote Wednesday to impose a … Read more

Trump defied Jan 6 committee subpoena, panel says

Trump defied Jan 6 committee subpoena, panel says

Nov 14 (Reuters) – Former President Donald Trump did not show up for deposition testimony before the congressional committee investigating his supporters’ attack on the U.S. Capitol last year, the panel said on Monday. In doing so Trump defied a subpoena issued by the panel in October, Chair Bennie Thompson, a Democrat, and co-Chair Liz … Read more

U.S. House control hinges on tight races after Democrats take Senate

U.S. House control hinges on tight races after Democrats take Senate

Republicans ahead in tight race for House Democrats look to Georgia after taking Senate WASHINGTON, Nov 14 (Reuters) – Control of the U.S. House of Representatives hinged on Monday on several tight races that could secure a majority for Republicans following midterm elections that saw President Joe Biden’s Democrats beat expectations and retain the Senate. … Read more

Democrats retain grip on U.S. Senate, defying ‘red wave’

Democrats retain grip on U.S. Senate, defying ‘red wave’

PHOENIX, Nov 13 (Reuters) – Democrats held onto control of the U.S. Senate while limiting projected losses in the House, handing a major victory to President Joe Biden and extinguishing hopes of the “red wave” that Republicans had expected leading into the midterm elections. Democratic leaders described the outcome – sealed late Saturday with a … Read more