U.S. Department of the Treasury

A group of lit shelves saying "Kind Tree" with cannabis products packaged in floral colors.

Democrats urge feds to update banking ‘red flags’ on legal marijuana businesses

BY: - November 16, 2023

The federal government unfairly penalizes state-legal marijuana businesses whose owners have been convicted of marijuana-related crimes, restricting them from loans and other banking tools, a group of U.S. Senate and House Democrats wrote to the Treasury Department asking for a change in policy. The group of 20 lawmakers, who mostly represent states where recreational marijuana […]

Jack Lew, wearing glasses and a suit.

U.S. Senate committee advances Biden pick for Israel ambassador

BY: - October 25, 2023

The U.S. Senate Foreign Relations Committee advanced Wednesday the nomination of Jacob J. Lew, President Joe Biden’s choice to be U.S. ambassador to Israel. The panel voted 12-9 to approve the nomination of Lew, a former Treasury secretary and White House chief of staff under President Barack Obama. Kentucky Republican Rand Paul was the only […]

A crowd of people with signs demanding a ceasefire in the Israeli-Palestinian conflict in the U.S. Capitol.

Biden in Tel Aviv pledges U.S. support for Israel, humanitarian aid for Gaza

BY: and - October 18, 2023

WASHINGTON — President Joe Biden assured Israel that the U.S. will replenish defense stockpiles and also announced new humanitarian aid for Palestinians in Gaza during his historic visit Wednesday to the war-torn region where thousands have died in just a dozen days, including 31 Americans. Biden plans to ask Congress later this week for an […]

The U.S. Capitol, with a rotunda and wings for the U.S. House and the U.S. Senate, silhouetted against a clear blue sky.

U.S. risks debt default in early June, congressional budget office agrees

BY: - May 12, 2023

WASHINGTON — The federal government could default on its debt during the first two weeks of June without action on bipartisan legislation, according to the Congressional Budget Office.  The nonpartisan budget scorekeeper issued an updated report Friday, warning that “if the debt limit remains unchanged, there is a significant risk that at some point in […]

Kevin McCarthy stands behind a lectern and speaks at the New York Stock Exchange.

U.S. House speaker vows vote soon on spending cuts coupled with debt limit increase

BY: - April 17, 2023

U.S. House Speaker Kevin McCarthy traveled to the New York Stock Exchange on Monday to press for the Republican approach to raising the nation’s debt limit in front of a new audience, calling on Democrats to agree to future spending cuts without any tax increases.  McCarthy repeatedly criticized President Joe Biden and blamed him for […]

President Joe Biden holding a microphone in his right hand with a lectern in front of him and a steel bridge behind him.

Federal agencies lag in registering voters despite Biden executive order, advocates say

BY: - April 12, 2023

Within weeks of taking office in 2021, President Joe Biden issued an executive order — hailed by voter advocates as potentially transformative — that for the first time committed the U.S. government to registering new voters at federal agencies.  But just over two years later, most of the 10 agencies examined in a recent report […]

The U.S. Capitol at night. The Capitol rotunda is lit up against the night sky.

Experts see economic problems for U.S. as struggle over debt limit, spending cuts extends

BY: - March 29, 2023

WASHINGTON — Experts told the U.S. House Budget Committee on Wednesday the country’s economic outlook is problematic, as a fierce debate over the nation’s budget remains front and center. House Republicans, led by Speaker Kevin McCarthy of California, have repeatedly rejected raising the debt limit unless President Joe Biden agrees to a series of spending […]

A man in a doorway under a sign saying Silicon Valley Bank peeks out to speak to a crowd of people waiting.

Members of U.S. Senate panel press financial regulators on massive bank failures

BY: - March 28, 2023

WASHINGTON — Financial regulators promised a full review of Silicon Valley Bank’s massive failure as members of a key U.S. Senate panel on Tuesday interrogated the officials about what led to the second-largest bank collapse in U.S. history. Members of the Senate Committee on Banking, Housing and Urban Affairs asked if the Federal Reserve could […]