Washington is scrambling to manage the abrupt panic around AI development, but party politics, a limited legislative window and lack of consensus makes it an uphill, next-to-impossible task.  In the wake of a researcher’s viral warning about the technology, lawmakers on both sides of the aisle are floating numerous proposals to prevent the negative potential...

The yield on the 10-year U.S. Treasury bond reached its highest point since before the 2008 financial crisis on Tuesday, portending increased borrowing costs for millions of Americans. The 10-year Treasury bond yield peaked at 5.041 percent Tuesday morning, the note’s highest intraday mark since July 2007. The note closed at above 5 percent for...

Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.

Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...

Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...

Median household income rose to a record $87,460 in 2025, according to annual Census Bureau data on the financial well-being of Americans.

Capitol Hill could soon be playing a supporting role on "The Real Housewives of Salt Lake City," after one of its stars, Angie Katsanevas, says she filmed some of her advocacy work in the nation's capital for the show. "We did film some [of the time] that I spent here in D.C. working with the...

A cryptocurrency regulation bill failed to advance on the Senate floor Tuesday, after all Democrats and a few Republicans blocked a procedural vote. The Senate voted 49-50 on a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold. It marks a major setback for the industry, which has long pushed for the measure setting up a regulatory...

A cryptocurrency regulation bill failed to advance on the Senate floor Tuesday, after all Democrats and a few Republicans blocked a procedural vote. The Senate voted 49-50 on a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold. It marks a major setback for the industry, which has long pushed for the measure setting up a regulatory...

Democratic Rep. Stephen Lynch (Mass.) on Tuesday urged Treasury Secretary Scott Bessent to convince President Trump to reverse course on regulating artificial intelligence (AI). During Bessent’s appearance before the House Financial Services Committee, Lynch said Trump does not have “a grasp” of “what we’re dealing with” regarding AI. “I’ll be honest, I don’t think the...