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Explainer-What is in the US Senate's landmark crypto bill?

Explainer-What is in the US Senate's landmark crypto bill?

By Hannah Lang May 12 (Reuters) - The U.S. Senate Banking Committee late on Monday unveiled the text of a long-awaited, landmark bill that would create a regulatory framework for cryptocurrencies ahead of a scheduled committee vote to advance the bill on Thursday.
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Senate Republicans block Democrats’ effort to reverse several Trump-era CFPB changes

Senate Republicans block Democrats’ effort to reverse several Trump-era CFPB changes

Senate Republicans have blocked Democrats' efforts to reverse Trump-era changes to consumer protection laws
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Labor Unions Oppose Senate Crypto Bill Over Financial Stability Concerns

Labor Unions Oppose Senate Crypto Bill Over Financial Stability Concerns

Labor Unions Oppose Senate Crypto Bill Over Financial Stability Concerns
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AP Exclusive: Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks

AP Exclusive: Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks

Senate Democrats plan to force Republicans to go on record about the Trump administration's dismantling of the Consumer Financial Protection Bureau
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Republican resistance to Iran war grows in the Senate as Murkowski flips

Republican resistance to Iran war grows in the Senate as Murkowski flips

Senate Republicans have again blocked Democratic legislation that would halt President Donald Trump’s war with Iran
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Task Force Proposes Reforms to FEMA, Emphasizing State Control and Privatization

Task Force Proposes Reforms to FEMA, Emphasizing State Control and Privatization

A task force appointed by President Trump has recommended significant reforms to the Federal Emergency Management Agency (FEMA), focusing on transferring many federal responsibilities to state governments and privatizing flood insurance. The report suggests that federal assistance should be reserved for major disasters that exceed local capacities. It also proposes shifting the National Flood Insurance Program to private insurers to reduce taxpayer costs and empower state regulators. The task force's recommendations come after criticism of FEMA's response to Hurricane Helene in 2024, which prompted calls for agency reform.
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FDA commissioner Makary is resigning, sources say

FDA commissioner Makary is resigning, sources say

By Yasmeen Abutaleb WASHINGTON, May 12 (Reuters) - U.S.
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At Temple of Heaven summit, Trump and Xi will seek a good harvest

At Temple of Heaven summit, Trump and Xi will seek a good harvest

By Mei Mei Chu BEIJING, May 12 (Reuters) - Chinese emperors once prayed for bumper crops under the blue-tiled, triple-eaved roof of Beijing's Hall of Prayer for Good Harvests, in sacred rites affirming their mandate to rule. On Thursday, U.S.
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US Senate blocks latest bid to rein in Trump Iran war powers, support grows

US Senate blocks latest bid to rein in Trump Iran war powers, support grows

By Patricia Zengerle WASHINGTON, May 13 (Reuters) - U.S. Senate Republicans on Wednesday blocked the latest Democratic-led effort to end the Iran war until it is authorized by Congress, but the measure edged closer to passage as a third Republican voted to advance the bill.
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US senators urge Trump to 'stand strong' on shipbuilding in talks with Xi

US senators urge Trump to 'stand strong' on shipbuilding in talks with Xi

By Andrea Shalal WASHINGTON, May 11 (Reuters) - A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.
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Senators Gallego and Schiff Pressured to Address Ethics in Crypto Legislation Amid Industry Influence

Senators Gallego and Schiff Pressured to Address Ethics in Crypto Legislation Amid Industry Influence

Senators Ruben Gallego and Adam Schiff are facing pressure from progressive advocacy groups to support ethical provisions in a new crypto bill. The legislation, which is set to be voted on by the Senate Banking Committee, has been stalled due to disagreements between the crypto industry and banks over stablecoin yield proposals. Progressive groups are urging the senators to ensure the bill includes measures that prevent President Trump and other high-ranking officials from engaging in crypto businesses. The advocacy groups argue that such provisions are necessary to prevent conflicts of interest and maintain ethical standards in the industry.
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Senate Republicans move ahead with $1B for Trump's ballroom security as Democrats pledge to fight

Senate Republicans move ahead with $1B for Trump's ballroom security as Democrats pledge to fight

Senate Republicans say they will move forward with a proposal to give the Secret Service up to $1 billion for security upgrades to Donald Trump’s White House ballroom project