Stories from Washington · United States

The US Treasury has launched a new initiative to share cybersecurity information with the digital asset industry. The cryptocurrency industry is celebrating a development in the House of Representatives. It is unclear if Democrats' proposed amendments will prevent the measure from passing. The market reacted positively to the news.

The Department of Justice has requested a court to halt the disbarment proceedings against Jeffrey Clark.

Chapter 12 farm bankruptcies in the U.S. increased by 46% in 2025, reaching 315 filings. This marks the second consecutive year of increases, signaling a potential farm crisis in 2026 due to high production costs and elevated debt.

Consumer spending in the U.S. slowed in April as rising prices at stores and gas stations impacted purchasing power. Retail sales rose only half a percent during the month, a decrease from March's figures.

The 2024-25 flu season was the worst in nearly a decade, and the U.S. recorded its highest measles case count since 1991.

President Trump's campaign to punish big law firms will receive a hearing before an appeals court. The president is seeking to ban attorneys from federal buildings if firms hired people or represented clients he dislikes.

Speaker Mike Johnson announced a new working group focused on Capitol Hill. The group is intended to address issues relevant to Democratic leader Hakeem Jeffries.

During a welcome dinner for US President Donald Trump on May 14, Xiaomi Chairman and CEO Lei Jun and Tesla CEO Elon Musk were seen together. Lei Jun and Elon Musk have a history of industry interaction dating back over a decade.

Leaders are aware of President Trump's longtime skepticism regarding alliances. This awareness influences their approach to building ties and maintaining security cooperation. Trump's past statements have often questioned the value of mutual defense pacts.

Chinese President Xi Jinping stated that the relationship between China and the United States is the world's most. President Trump invited China's Xi Jinping to visit the White House on September 24th. President Trump's summit with Xi Jinping concluded with discussions on differences over Taiwan. The summit aimed to address the relationship between the two global powers. Both leaders agreed that the Strait of Hormuz must remain open. The summit is being described as potentially the biggest ever. The leaders discussed steering the two countries toward constructive strategic stability. The meeting aimed to steer relations and address global economic concerns. Leaders from the United States and China concluded their summit in Washington. Discussions covered issues like trade and the Strait of Hormuz.