Add news
March 2010April 2010May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021July 2021August 2021September 2021October 2021November 2021December 2021January 2022February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022
News Every Day |

On The Money — Lawmakers point fingers after FTX implodes

We bring you Washington, D.C.’s reaction to the collapse of one of the most prominent and politically connected cryptocurrency firms. We’ll also look at a race to avert a shutdown before a new Congress is sworn in and what a housing market correction could mean for you. 

????️ But first, see why progressives (and Taylor Swift fans) want to break up Ticketmaster

Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan LaneAris Folley and Karl Evers-Hillstrom. Someone forward you this newsletter?

Why the FTX collapse puts pressure on Congress

Washington policymakers are under growing pressure to write new rules for the cryptocurrency industry and crack down on fraud after the collapse of crypto exchange FTX. 

  • The federal government’s failure to find common ground on cryptocurrency regulation blew up in its face last week with the downfall of one of the industry’s most prominent and politically connected firms.  
  • As regulators pick up the pieces of what happened, lawmakers are going back to the drawing board to find a path forward — and point fingers.  

“We expect lawmaker outrage, especially on the Democratic side, to pick up this week as Congress starts its lame-duck session,” wrote Ian Katz, director at research firm Capital Alpha Partners, in a Monday analysis.  

The background: FTX, one of the world’s biggest cryptocurrency exchanges, filed for bankruptcy on Friday after its affiliated trading firm Alameda Research blew through billions of dollars in user deposits on risky bets.  

  • While FTX was based in the Bahamas, untold thousands of Americans were able to buy, sell and trade crypto using the platform by using private internet connections. 
  • Once worth roughly $32 billion, FTX’s value has been wiped out and its customers face a long, potentially fruitless road to getting their money back. 

Sylvan and Karl break it down here


Lawmakers face funding crunch before expected GOP takeover of House

Lawmakers are facing a serious time crunch to hash out government funding for fiscal 2023 as they return to the Capitol with Republicans poised to take a narrow House majority.   

Congress has until Dec. 16 to agree on new funding levels to avert a government shutdown. And while they can punt the deadline if negotiations require more time, lawmakers on both sides have been adamant that Congress finish its work before January, when a new Congress will be sworn in.   

Senate Majority Leader Charles Schumer (D-N.Y.) said on Sunday that he’s already begun telling colleagues to prepare for “heavy work” and “long hours” ahead of lawmakers’ return this week. “We’re going to try to have as productive a lame-duck session as possible,” he said.  

  • Lawmakers are staring down a critical monthlong stretch until government funding is scheduled to lapse. 
  • However, none of the annual appropriations bills have made it through both chambers. 
  • At the same time, there has been a growing push among some House and Senate conservatives to delay new government spending until the new Congress is sworn in. 

And that’s not all: Lawmakers also need to make time for the National Defense Authorization Act for fiscal year 2023, a vote on legislation aimed at protecting same-sex marriage and a cannabis banking bill leaders on both sides have been working to pass in the coming weeks, among other items.   

Aris has the details here


What a housing market correction could mean

The U.S. housing market could be heading toward a correction after more than two years of massive price growth that has more recently been offset by the Federal Reserve’s attempt to curb inflation by raising interest rates. 

The central bank’s effort has led to a sharp rise in mortgage rates, a decline in the number of homes under contract and a record monthly price growth slowdown in September of 2.6 percent.  

  • A correction would allow buyers to spend more time on the market and possibly have less competition for homes. 
  • But experts say the recent price drops may not be enough to offset high mortgage rates combined with historic price increases during the pandemic. 

The Hill’s Adam Barnes has more here


Billionaire Ken Griffin hopes ‘three-time’ loser Trump steps aside

Billionaire Ken Griffin, the founder of the global investment firm Citadel, said former President Trump is a “three-time loser” who should step aside in the 2024 presidential election.  

Griffin, a prominent donor to Republican candidates, said on Tuesday at Bloomberg’s New Economy Forum in Singapore that Trump should stay out of the Republican primary for president and make way for Florida Gov. Ron DeSantis (R), whom Griffin has backed financially.  

“I’d like to think that the Republican Party is ready to move on from somebody who has been for this party a three-time loser,” he said. 

The Hill’s Jared Gans has more here

Good to Know

Homeland Security Secretary Alejandro Mayorkas told House lawmakers on Tuesday that his agency is focused on strengthening its public-private partnerships and its collaboration with foreign partners as a way to counter rising cyber threats from nation-state threat actors and cyber criminals. 

Mayorkas, who testified before the House Homeland Security Committee, said the relationships that the agency has built with the private sector and its international partners are “increasingly vital” as hostile nations expand their cyber capabilities and increasingly seek to target U.S. critical infrastructure. 

Other items we're keeping an eye on: 

  • Amazon founder Jeff Bezos urged Americans to wait on making big-ticket purchases ahead of the holiday shopping season amid growing concerns of a possible economic recession.  
  • A coalition of small businesses is urging congressional leaders to prioritize an antitrust bill targeting tech giants during the lame-duck session. 

That’s it for today. Thanks for reading and check out The Hill’s Finance page for the latest news and coverage. We’ll see you tomorrow. 

Read also

Revenge travel? Americans flying worldwide to 'get back at' lockdowns

Business leaders to form political action committee to prevent City Council from making sharp left turn

I run a small business and rail strikes before Christmas will be crippling

News, articles, comments, with a minute-by-minute update, now on

News Every Day

I make $1,000 a month by promoting Amazon products on social media. It only takes 5 hours per week — here's how I set up my side hustle. — latest news 24/7. You can add your news instantly now — here

News Every Day

Billionaire investor Howard Marks touts a bargain boom as interest-rate fears grip markets - and predicts a surge in companies going bankrupt

Sports today

Новости тенниса
Кубок Дэвиса

Вашек Поспишил: "Кубок Дэвиса" - это всегда безумная неделя. Я бы сказал, что самая весёлая для игроков

Спорт в России и мире

Лыжи, джунгли и живая сталь. Мосинжпроект проектирует пространство на Урале


All sports news today


Sports in Russia today


Алексей Ягудин и Евгения Медведева дадут 22 бесплатных мастер-класса на ВДНХ

Новости России

Game News

God of War Ragnarök могла лишиться одного из персонажей

Game News

TikTok roleplayers have made a viral game out of trading with capitalism cats

Губернаторы России
Елена Волкова

Алексей Ягудин и Евгения Медведева дадут 22 бесплатных мастер-класса на ВДНХ

Ополченцам в Белгородской области не дают отпуск для боевой подготовки

Волочкова планирует судиться с петербургскими коммунальщиками из-за протечки в крыше

"Можно правильно направить все программные орудия мира": Анатолий Голод, Служба общей информационной безопасности

Сохранив график поездов. Загрутдинов о строительстве подземного перехода

Косторная выступила на открытии катка ВДНХ с показательным номером под песню МакSим «Научусь летать»

«Я счастливая мама»: Волочкова сообщила о родах и показала фото

Филипп Киркоров потерял дар речи от секрета Алсу

Высоцкий, Ротару, Гайдай… Роль личности в эпоху СССР

Борна Чорич показал, как болел за сборную Хорватии в матче с Канадой на ЧМ по футболу в Катаре

Белу-Оризонти. Рафаэль Надаль одолел Каспера Рууда в выставочной встрече, Бруно Соареш провёл прощальный парный матч

Новак Джокович посетил финал "Кубка Дэвиса" и поздравил сборную Канады с победой

"Что?!" Тэйлор Фритц высказал возмущение по поводу штрафа и дисквалификации Марди Фиша и Боба Брайана

Баку хочет закрыть Лачинский коридор - омбудсмен Нагорного Карабаха (Арцаха)

Закрытие Азербайджаном Лачинского коридора станет нападением на российских миротворцев - Глава МИД Нагорного Карабаха (Арцаха)

Спектакль псковичей «Что в конверте?» оценили на фестивале в Москве

Чем сезон холодов опасен для женского здоровья

Блёданс сбрасывает свои токсины и шлаки на Алтай

Конвергентное решение Tele2 теперь доступно в 60 российских регионах

Московское «Динамо» второй раз за пять дней проиграло минскому в КХЛ

П.А. Рожков принял участие в торжественных церемониях открытия, награждения и закрытия Международного инклюзивного турнира по пауэрлифтингу «Кубок чемпионов» на призы чемпионов и рекордсменов ми...

Депобр Москвы: Школы должны создавать позитивные условия обучения ребенка

Путин в России и мире

Персональные новости

Константин Кинчев

Что известно о семьях Кинчева, Бутусова и других российских рок-музыкантов 90-х

News Every Day

Crypto Lender Matrixport Raises Valuation to $1.5B Despite FTX Collapse

Friends of Today24

Музыкальные новости

Персональные новости