Washington, Feb 6 (IANS) The US Treasury is betting that stablecoins backed by government securities can strengthen the global role of the dollar, with Treasury Secretary Scott Bessent defending new legislation on digital assets before Congress.
Washington, Feb 6 (IANS) A sharp partisan clash over inflation, bank regulation and financial stability dominated a Senate Banking Committee hearing on as Treasury Secretary Scott Bessent defended the administration’s economic record and the Financial Stability Oversight Council’s 2025 annual report.
Washington, Feb 6 (IANS) Artificial intelligence has emerged as a priority risk for the US financial system, with Treasury Secretary Scott Bessent telling Congress that regulators are stepping up oversight of how AI is used across markets and institutions.
Washington, Feb 6 (IANS) Donald Trump told lawmakers and religious leaders that faith is central to America’s strength, declaring that “prayer is America’s superpower” as he addressed the National Prayer Breakfast.
Washington, Feb 6 (IANS) The White House brushed aside public skepticism from Cuba’s leadership about US-Cuba talks, saying President Donald Trump remains open to diplomacy and suggesting engagement is already underway.
Washington, Feb 6 (IANS) US President Donald Trump said he will never allow the US military presence at Diego Garcia to be threatened, warning that he retains the right to “militarily secure and reinforce” the base if future arrangements break down or US forces are endangered.
Washington, Feb 6 (IANS) The White House said US talks with Iran will take place in Oman, with President Donald Trump’s team pursuing diplomacy while insisting Tehran must accept “zero nuclear capability.”
Washington, Feb 6 (IANS) The White House cited new crime and border data to argue that President Donald Trump’s law-and-order agenda is producing results, pointing to sharp declines in murders, aggressive deportations of criminal migrants, and what it called the most secure border in US history.
Washington, Feb 6 (IANS) US President Donald Trump announced the launch of TrumpRx.gov, a new federal website offering steep discounts on dozens of commonly used prescription drugs, calling it the largest reduction in drug prices in US history and a key step toward ending what he described as decades of Americans subsidizing lower prices abroad.
Washington, Feb 6 (IANS) A joint House Foreign Affairs hearing on defending religious freedom delivered a stark warning that authoritarian regimes and extremist violence are accelerating a worldwide crackdown on faith communities, while US policy tools and enforcement mechanisms lag behind the scale of the crisis.
