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Commerce Secretary Howard Lutnick's Family Trust Received Loan from Crypto Giant Tether, Raising Conflict of Interest Concerns

Commerce Secretary Howard Lutnick's Family Trust Received Loan from Crypto Giant Tether, Raising Conflict of Interest Concerns

Bloomberg investigations in March 2026 revealed that Tether, a major cryptocurrency issuer, provided a multi-million dollar loan under confidential terms to Dynasty Trust A, the family trust of Commerce Secretary Howard Lutnick's children. Secretary Lutnick has led Cantor Fitzgerald for over three decades, a Wall Street firm responsible for managing a significant portion of the U.S. Treasury bonds that back Tether's USDT cryptocurrency reserves. This connection has prompted Democratic Senators Elizabeth Warren and Ron Wyden to request information, citing severe conflicts of interest. The financial network involving Tether and its investments in real economy assets, such as agriculture and energy, also has direct political implications in Washington.
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House Democrats will start their majority focused on boosting healthcare and ending the Iran war

House Democrats will start their majority focused on boosting healthcare and ending the Iran war

House Democratic leaders are placing an early emphasis on healthcare as they discuss their immediate priorities upon the swearing in of a new Congress on Jan. 3
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Voters demanded economic relief. Trump and Democrats face tough choices on how to deliver

Voters demanded economic relief. Trump and Democrats face tough choices on how to deliver

Voters have sent a strong election-year message to President Donald Trump and the new Democratic congressional majority to repair the U.S. economy damaged by inflation
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Democrats eye Musk, Miller probes after midterm rout

Democrats eye Musk, Miller probes after midterm rout

By Tim Reid WASHINGTON, Nov 8 (Reuters) - Tech megabillionaire Elon Musk and President Donald Trump's newly appointed White House chief of staff, Stephen Miller, will likely be targets of congressional probes when Democrats take control of Congress in January, a senior lawmaker said on Sunday.
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Analysis-Can the US Democrats' 'Blue Wave' election sweep buoy Ukraine?

Analysis-Can the US Democrats' 'Blue Wave' election sweep buoy Ukraine?

By Patricia Zengerle, Andrea Shalal and Daniel Flynn WASHINGTON/KYIV, Nov 6 (Reuters) - One potential beneficiary of the US Democratic Party's sweeping wins in congressional elections sits thousands of miles away: Ukrainian President Volodymyr Zelenskiy, whose government has fought Russia's invasion
ReutersReuters
Trump Media’s investors lost $2.2 billion while Trump holds $460 million stake

Trump Media’s investors lost $2.2 billion while Trump holds $460 million stake

By Michelle Conlin and Tom Bergin NEW YORK/LONDON Nov 6 (Reuters) - By the time Ske Jarzenske cast a third straight ballot for Donald Trump, he had something extra riding on the outcome: his brokerage account.
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The Kremlin hopes the US election shake-up won't shift Trump's negotiations on Ukraine

The Kremlin hopes the US election shake-up won't shift Trump's negotiations on Ukraine

The Republicans’ defeat in the U.S. midterm elections was watched closely in Russia, where some observers are predicting it could herald more support for Ukraine when the Democrats take over Congress in January
ReutersReuters
Top US House Democrat on trade issues committed to reversing 'unjustified' tariffs

Top US House Democrat on trade issues committed to reversing 'unjustified' tariffs

WASHINGTON, Nov 6 (Reuters) - US Representative Richard Neal, the Democrat who is expected to regain the chairmanship of the tax- and trade-focused House Ways and Means Committee, said on Friday that he is committed to reversing President Donald Trump's "unjustified" tariffs and "backroom deals" on
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Wall Street critic Elizabeth Warren could be at the height of her power in new Congress

Wall Street critic Elizabeth Warren could be at the height of her power in new Congress

By Pete Schroeder WASHINGTON, Nov 6 (Reuters) - Democratic progressive and one-time presidential candidate Elizabeth Warren has long been a vocal Wall Street critic, but next year the US senator from Massachusetts will likely have more power over the industry than ever before.
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Governor Ferguson Announces New Tax Credit to Boost Washington's Sustainable Aviation Fuel Industry

Governor Ferguson Announces New Tax Credit to Boost Washington's Sustainable Aviation Fuel Industry

Governor Ferguson Announces New Tax Credit to Boost Washington's Sustainable Aviation Fuel Industry
ReutersReuters
Nasdaq pares losses as chips recover, rate-hike fears linger

Nasdaq pares losses as chips recover, rate-hike fears linger

By Shashwat Chauhan and Utkarsh Hathi Nov 6 (Reuters) - The tech-heavy Nasdaq rose on Friday as chip stocks bounced off heavy losses posted in the previous session on fears that a Democratic-led Congress could result in tougher AI regulation, even as the jobs report raised interest-rate hike
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Democrats planning flood of AI bills when they take control of Congress

Democrats planning flood of AI bills when they take control of Congress

By Courtney Rozen WASHINGTON, Nov 6 (Reuters) - Democrats are planning to unleash a flood of new legislation targeting artificial intelligence systems and data-center development when they take control of the US Congress in January, lawmakers, congressional aides and advocates said.