The GENIUS Act is the first pro-crypto bill Republicans want to rush through this Congress. Thanks to industry money, several Democrats are ignoring the bill’s major problems.
financial industry
Posted inEconomic Policy
The Trump Depression
Donald Trump is on track to be the first president to deliberately engineer a severe depression.
Posted inEconomic Policy
The Plot to Destroy the CFPB
Declarations in a court case involving the union of the consumer protection agency detail a desire to whittle it down to ‘five men in a room.’
Posted inEconomic Policy
How DOGE Could Spark a Financial Crash
Playing with fragile commercial real estate is like playing with fire.
Posted inEconomic Policy
AI Bubble, Meet Pin
Open-source software from China calls into question why we’re committing trillions to winning the AI race.
Posted inEconomic Policy
Keeping the Fed Independent—to Serve Wall Street
Chair Jerome Powell is battling to keep control of the Federal Reserve. He and Trump agree on weak regulation. On cheap money policy, Trump is winning.
Posted inTAP
The Next Financial Crisis: Insurance
Today on TAP: Increasing damage from fires, hurricanes, and floods will destabilize a lightly regulated industry—and spill over into broader financial markets.
Posted inEconomic Policy
Big Banks Pick Inopportune Moment to Ditch Climate Commitments
As Los Angeles burns, the biggest banks have disclaimed membership in the Net-Zero Banking Alliance. Mother Nature won’t take pity on them.
Posted inMoney, Politics, and Power
Health Care Rip-Offs, Globalization, and the Uncertain Future
Co-editor Robert Kuttner’s Best of 2024
Posted inPolitics
Bank Speculation! Polio! And Other Hot Items on Trump’s Agenda!
The incoming president’s transition team is making the case for reviving some long-buried monsters.