The Congressional Budget Office (CBO) said it expects real U.S. GDP growth of 1.9 percent in 2025, down from a 2.0 percent forecast in June, and forecasts an average annual growth rate of 1.9 percent between 2024 and 2034.
On January 15th, according to The Block, US Congressman Tom Emmer has been appointed as the vice chairperson of the House Subcommittee on Digital Assets, Financial Technology and artificial intelligence. The Minnesota representative has been an active supporter of the crypto industry and has introduced crypto-focused bills in the past few years, including one aimed at clarifying the classification of digital assets.
According to CBS News, the US Congress has confirmed President-elect Donald Trump's victory in the 2024 election after counting the electoral votes.
According to the Washington Post, the U.S. Congress will meet on Monday to certify the results of the 2024 election. The upcoming certification process is expected to proceed smoothly. (Jin Ten)
On December 28, US Treasury Secretary Janet Yellen sent a letter to the US congressional leadership on the debt ceiling issue, asking Congress to take action to protect the credibility of the US government. Yellen is expected to initiate extraordinary measures from January 14 to 23, and said that the Treasury could reach the new debt ceiling on January 14-23.
Treasury Secretary Janet Yellen has written to congressional leadership on the debt ceiling, asking Congress to take action to protect the credibility of the US government. Yellen is expected to initiate extraordinary measures on January 14-23 and said the Treasury could reach the new debt limit on January 14-23.
According to market sources, US Congressman Ro Khanna has called for a ban on members of Congress from trading stocks. According to Kalshi, a US financial trading and prediction market platform, there is only a 14% chance of this happening next year.
According to The Hill, US President Joe Biden is preparing to leave the White House in a low-key manner. His public appearances after the election attracted little media attention. On the contrary, Trump was already in office even before his second inauguration.
US Congressman Anna Paulina Luna: A vote on the new temporary appropriations bill will be held at 6 PM EST (7 AM Beijing time today).
U.S. Democratic lawmakers have elected senior members of key committees for the 119th U.S. Congress, as the party prepares to become a minority party. California Rep. Maxine Waters will remain a senior member of the House Financial Services Committee until the new Congress is sworn in in 2025, the Democrats said in a Dec. 11 notice. It is reported that the House committee is responsible for legislation and policy affecting the financial services industry, including the cryptocurrency industry. R...
According to a source familiar with the matter, the Israeli government is expected to soon announce a ceasefire agreement with Hezbollah in Lebanon, which will begin on Wednesday morning.
Republican SEC Commissioner Hester Peirce is "likely" to become the new acting chairperson of the Securities Exchange Commission (SEC), Congressman French Hill revealed at the North American Blockchain Summit (NABS). He noted that after current Chairperson Gary Gensler steps down on January 20, 2025, the Republicans will take over the SEC, and Peirce is expected to succeed him.
US Congressman Warren Davidson has said that bitcoin is another word for freedom, and that self-regulation is essential to defending freedom.
U.S. Congressman Nouriel Roubini said the Federal Reserve could cut interest rates less if the 2017 tax cuts are made permanent.
According to a report by the Associated Press on November 6, in the US congressional elections, the Republican Party has won 51 Senate seats, more than half of the Senate seats, which means that Republicans have regained control of the Senate. In the presidential election, the Republican presidential candidate and former President Trump has won swing states such as North Carolina and Georgia. Trump is one step closer to the 270-vote threshold required to win the presidential election. The Associ...