Treasury Secretary Scott Bessent on Friday called on Congress to raise the nation’s debt ceiling by mid-July to keep the federal government from defaulting on its more than $36 trillion debt. In a letter to Speaker Mike Johnson (R-La.), Bessent said that there is “reasonable probability” that the government’s “cash and extraordinary measures will be...
The crypto industry is brushing off a failed vote on a stablecoin bill in the Senate, underscoring recent progress and the hope that this isn’t the end of the line for crypto legislation. Democrats on Thursday blocked the Senate from moving forward with consideration of the GENIUS Act, which would create a regulatory framework for...
Alina Habba, the interim U.S. attorney for the District of New Jersey, said that Newark Mayor Ras Baraka was detained Friday after refusing to leave a U.S. Immigration and Customs Enforcement (ICE) facility. “The Mayor of Newark, Ras Baraka, committed trespass and ignored multiple warnings from Homeland Security Investigations to remove himself from the ICE...
California Gov. Gavin Newsom quickly deleted an online ad after an X user pointed out that the video used footage from Ukraine and Estonia in a montage meant to show California.
A furious woman walking her dog passed a live TV interview spat on Ed Martin, the lawyer whose nomination for U.S. attorney in the District of Columbia was yanked by President Trump.