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Stories from Washington · United States

4,707 stories in this location, newest first.

economy 64d ago Washington

Fed Nominee Proposes Gradual Balance Sheet Reduction

Fed nominee Lael Brainard (implied context) or nominee Wash expressed that the current economy is near full employment and that the massive balance sheet has caused the Fed to be drawn into political affairs. She advocates for a gradual, cautious reduction of the balance sheet in coordination with the Treasury to return the Fed to its primary mandate. He argues that the current holding of excessive government bonds and mortgage-backed securities negatively impacts asset values and creates hidden risks. West aims to return the balance sheet to normal levels to allow market forces to determine interest rates based on supply and demand. He is noted as a strong supporter of deregulation. He intends to accelerate the process of returning the balance sheet to normal levels once he assumes his new role. The announcement was made during a discussion regarding Federal Reserve policy.
Zhihu
politics 64d ago Washington, D.C.

House Approves Surveillance Program Renewal

A new proposal regarding the Foreign Intelligence Surveillance Act (FISA) has been unveiled in the U.S. Following this, debate began on the Section 702 powers bill under the Foreign Intelligence Surveillance Act, which is set to expire on Thursday. Congressman Jim Jordan, the Judiciary Committee chair from Ohio, expressed support for the extension. Congresswoman Zoë Lofgren, a Democrat from California, rose in opposition to the reauthorization without meaningful reform. Lofgren stated the Trump administration is building a sweeping surveillance apparatus that cramps civil rights and disregards the rule of law. The debate includes discussions regarding the Liberties Protection officer within the Office of the Director of National Intelligence. Lawmakers did not include a requirement for warrants in the approved version.
Mastodon
politics 64d ago Washington

Trump Considers Military Options Against Iran

The Iranian Supreme Leader, Parliament Speaker, and President issued joint statements via social media to deny allegations of a nuclear weapons program. The comments follow ongoing tensions regarding US maritime presence near the Strait of Hormuz. Donald Trump responded to a Fox News correspondent at the White House regarding whether he will resume military strikes. This follows a period of more than three weeks involving drone activity and communication blackouts related to the conflict. The decision remains pending as the administration evaluates military options. Donald Trump has refused to supply any nuclear materials to Iran, including resources intended for peaceful use. The US leader stated his primary goal remains a total ban on the republic acquiring atomic weapons.
Bluesky Social
health 64d ago Washington D.C.

US FDA Approves Gene Therapy For Hearing Loss

The US Food and Drug Administration has granted approval for the first-ever gene therapy designed to treat deafness. This medical milestone offers a potential cure for genetic hearing loss by addressing the underlying biological causes. The approval marks a significant advancement in regenerative medicine and auditory science. The treatment reportedly restores hearing in 90% of participants. The approval follows clinical evaluations of the therapy's efficacy. The treatment was published in the New England Journal of Medicine. The treatment targets specific genetic mutations, such as the FoxP2 gene associated with language development. Research indicates that in certain families, up to 15 out of 30 living members carry the specific mutation. BrioHealth Solutions is the subsidiary involved in the process. The source noted the therapy's potential to help those with hearing disabilities.
Mastodon
technology 64d ago Washington

New Legislation Proposes Block Grant Programs

A new federal bill has been introduced to establish a grant program aimed at training the cybersecurity workforce. This initiative seeks to address the expanding attack surface created by the rise of agentic AI. Counselor Crystal Oriata stated the grants will help providers start or expand services. Jasmine Mumtaz, a childcare provider, expressed confidence in relaunching her business due to the potential support. County Executive Aisha Braveway was absent from the signing ceremony despite her signature being required for the legislation to become law.
GDELT Global Events
politics 64d ago Washington D.C.

James Comey Indicted Over Social Media Post

The U.S. The DOJ alleges the post was a call to assassinate President Trump. Comey denies the allegations and stated he is ready to defend himself. He maintains his innocence and expressed belief in the independent federal judiciary. The indictment also includes charges for allegedly lying to Congress. The indictment follows a previous case that was reportedly dismissed. The post in question allegedly featured a picture of seashells on a North Carolina beach from one year ago. The Justice Department is pursuing indictments against former FBI Director James Comey. The case involves an online photograph posted by Comey last year that authorities allege was an attempt to harm President Trump. Comey stated he believed the photo had a political message rather than a threat and has since removed it.
Mastodon
economy 64d ago Washington D.C.

US Congress Considers New Farm Bill

American agricultural producers are demanding legislative action to pass a new comprehensive farm bill. The current lack of updated legislation is creating economic instability and market volatility for farmers. This push comes seven years after the last major farm bill was implemented. The United States Congress is preparing to consider and pass a new version of the Farm Bill. The legislation is a law that covers agriculture and food assistance programs. Michael Hap of the Institute for Agriculture and Trade Policy stated the bill sets the rules for the food and farm economies. The bill consists of 12 sections or titles. This legislation is typically reviewed and passed approximately every five years. The process is being monitored by Marketplace in New York.
Bluesky Social
politics 64d ago Washington D.C.

US Sanctions Target Hamas Intelligence And Financial Network

The US Department of the Treasury has issued sanctions against a criminal network operating across India, Mexico, and Guatemala to traffic drugs. This move targets the infrastructure used by the Sinaloa Cartel to facilitate international distribution. The sanctions aim to disrupt the financial and logistical capabilities of the organization. The US Treasury Department has imposed new sanctions on 35 entities and individuals. These targets are accused of overseeing a parallel banking network used by Iran to bypass sanctions. The network reportedly moves tens of billions of dollars. One specific target is the head of operations for Hamas military intelligence in northern Gaza.
Bluesky Social
politics 64d ago Washington D.C.

Trump Withdraws Casey Means CDC Nomination

Sean Plankey has requested to withdraw his name from consideration to lead the U.S. Cybersecurity and Infrastructure Security Agency (CISA). The move follows a year of leadership instability within the agency. This development occurs as the Trump administration continues its appointments for key cybersecurity roles. Sources told NPR that the nomination had been on hold for weeks due to ethics and conflict of interest concerns. Former Park Service employees also pointed to ties between Socia and interests pushing for national park privatization. The agency has previously operated with only acting directors during the first Trump administration. Former Park Service employees had previously noted Socia's ties to interests advocating for the privatization of national parks. The agency is currently facing record visitation levels alongside billions of dollars in maintenance backlogs.
Bluesky Social
politics 64d ago Washington

RFK Jr. Interfering With NIH Operations

Health Secretary Robert F. Kennedy Jr. is facing criticism following the FDA's rejection of a lifesaving cancer drug. Kennedy is reportedly attempting to distance himself from the regulatory decision. The backlash centers on the impact the rejection will have on patient access to treatment. The mood at the National Institutes of Health is described as grim following interference by RFK Jr. The source claims Kennedy's involvement will lead to many preventable deaths for decades to come. The discussion noted a decreasing number of doctors available during visits to the agency.
Mastodon