Latest news with #U.S.HouseofRepresentatives
Yahoo
3 hours ago
- Business
- Yahoo
Democratic gubernatorial candidate Abigail Spanberger unveils ‘Growing Virginia Plan'
(WFXR)- WFXR is your local election headquarters. And the candidates for governor are focusing on financial issues. Democrat Abigail Spanberger made a campaign stop in Suffolk on Tuesday. She announced what she called her new 'Growing Virginia Plan.' Spanberger said that her plan would grow Virginia's workforce, business investment, and trade opportunities. 'We need a leader who understands what brings new businesses to Virginia,' said Abigail Spanberger, democratic candidate for Governor. 'I will be focused on aligning education and workforce training initiatives. As Virginia's next governor, I will work aggressively to promote Virginia as the best state in the country to do business.'(w Spanberger's republican challenger Winsome Earle-Sears told WFXR that Spanberger spent six years as a member of the U.S. House of Representatives, voting for bills that led to higher inflation and lost jobs. 'She was never in any of the rooms when the decisions were made on how we attract business,' said Winsome Earle-Sears, republican candidate for Governor. 'She was never in any of the rooms or being asked for advice on what do you think about talking with the legislature on how we can progress in Virginia. She was never there so she can't continue our polices.' The latest poll by Virginia Commonwealth University shows Spanberger leading the race over Earle-Sears, 49 percent to 37 percent among registered Virginia voters. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Straits Times
a day ago
- Politics
- Straits Times
US House Speaker Johnson sees no immediate Russia sanctions action
FILE PHOTO: U.S. House of Representatives Speaker Mike Johnson reacts following the signing of U.S. President Donald Trump's sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 3, 2025. REUTERS/Jonathan Ernst/File Photo WASHINGTON - U.S. House of Representatives Speaker Mike Johnson said on Tuesday he does not think the U.S. Congress should consider sanctions on Russia until after President Donald Trump's 50-day deadline for Moscow to end the war in Ukraine. "We were talking about sanctioning Russia," the Louisiana Republican said at a weekly news conference. "But I think the House and the Senate agree that the White House having given that deadline of 50 days, we need to allow the commander-in-chief and the administration and the secretary of defense and the Pentagon to do what they're going to do, and we'll see how that plays out," Johnson said. Some members of Congress have been pushing for stiff sanctions on Russia, including a Senate bill with 85 co-sponsors from both parties that would impose 500% tariffs on countries that buy Russian oil, gas, uranium and other exports. China and India account for about 70% of Russia's international energy business, which helps fund its war effort. However, the Republican leaders of the Senate and House have said they will not bring any sanctions legislation up for a vote without Trump's approval. Trump on July 14 threatened stiff sanctions on Russia and countries that buy Russian oil, but gave Moscow 50 days to agree to a ceasefire deal. Johnson called for an end to the war. "We need peace, over there. It's gone on too long. Too many innocent people are dying. And we don't want further American involvement in this at all," he said. REUTERS
See - Sada Elbalad
4 days ago
- Politics
- See - Sada Elbalad
US Approves Iron Dome Funding for Israel after Heated Congressional Debate
Taarek Refaat The U.S. House of Representatives has approved a new round of funding for Israel's Iron Dome missile defense system, ending weeks of heated political sparring on Capitol Hill. The measure, which allocates $1.3 billion in emergency defense assistance, passed late Friday with bipartisan support, though not without fierce opposition from progressive lawmakers. The funding comes at a time of renewed conflict in the region and amid mounting criticism from human rights groups over Israel's ongoing military operations in Gaza. Supporters of the bill argued that the Iron Dome, designed to intercept short-range rockets and missiles, is a purely defensive system vital to protecting civilian lives. 'This funding is about saving lives — full stop,' said Representative Michael McCaul (R-TX), chair of the House Foreign Affairs Committee. 'Our ally Israel has the right to defend itself from indiscriminate rocket attacks.' Despite bipartisan backing, the vote exposed deep divisions within the Democratic Party. A bloc of progressive Democrats, including Representatives Rashida Tlaib and Cori Bush, vocally opposed the measure, arguing that unconditional military support to Israel undermines the pursuit of peace and justice for Palestinians. 'We cannot continue to rubber-stamp billions in weapons for a government accused of committing war crimes,' said Rep. Tlaib on the House floor. 'This is not a neutral act — it is complicity.' While the measure ultimately passed with a vote of 317 to 108, nearly 70 Democrats joined Republicans in supporting the bill, a figure that underscores the enduring political strength of the U.S.-Israel alliance, even amid growing public debate. Critics, however, view the decision as part of a long-standing U.S. policy of military favoritism that exacerbates regional instability. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture "Jurassic World Rebirth" Gets Streaming Date Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Sports Get to Know 2025 WWE Evolution Results News Flights suspended at Port Sudan Airport after Drone Attacks
Yahoo
5 days ago
- Business
- Yahoo
3 Crypto Stocks to Watch as the House Passes the GENIUS Act
The U.S. House of Representatives passed the GENIUS Act on July 17, 2025, sending it to President Trump's desk, where it is expected to be signed into law. This landmark legislation establishes the very first comprehensive federal framework for U.S. dollar-pegged stablecoins, placing them under the oversight of the Commodity Futures Trading Commission ('CFTC'). The bill also sets in motion new rules governing issuers, reserves and consumer disclosure, signaling a major regulatory shift. By mandating that stablecoin issuers should back every digital token one-to-one with U.S. dollars, Treasury deposits, or short-term Treasuries, the law aims to put an end to opaque reserve practices. These assets will need to be stored in segregated accounts, undergo regular audits and submit monthly disclosures. Consequently, shares of Galaxy Digital GLXY, Robinhood Markets, Inc. HOOD and Riot Platforms, Inc. RIOT jumped on broader positive momentum in the stablecoin segment. Additionally, the Act extends U.S. jurisdiction to foreign issuers offering stablecoins to American users and prohibits algorithmic stablecoins from qualifying as "payment stablecoins." Traditional financial institutions already have some skin in the game as well. JPMorgan, Bank of America, Citi, Walmart and Amazon have reportedly begun exploring stablecoin issuance to reduce transaction costs, sparking a surge of institutional momentum. At the same time, voices of caution highlight that the Act stops short of offering FDIC protection to stablecoin holders and caps stablecoin issuers from paying interest directly. This nuance may introduce new fee layers and redemption risks even under tighter oversight. In essence, the GENIUS Act brings transformative clarity to stablecoin markets. It lays the groundwork for mainstream adoption, reduces regulatory uncertainty and positions the United States to lead in digital payment systems. But as regulators move quickly, stakeholders across the industry will be watching with a keen eye, ready to adapt to the operational and compliance demands ahead. The reaction in crypto markets was swift. Bitcoin (BTC) and Ethereum (ETH) have held onto near-record highs, while shares of crypto-exposed firms jumped following the House vote. Analysts attribute this surge to a newly found sense of clarity. Institutional and retail investors now have a defined set of rules to follow. A few of them, the ones listed below, must be closely watched for further developments in the sector. Galaxy Digital engages in the digital asset and blockchain businesses. It provides institutional custody, staking services and asset management aligned with compliant stablecoin frameworks. The Zacks Consensus Estimate for its current-year earnings has improved 69.3% over the past 60 days. GLXY is a Rank #3 (Hold) company. Its stock soared 6.9% on the passage of the Act. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Robinhood Markets is a financial services platform. It gained 2.1% post bill passage due to its crypto trading exposure, though stablecoins aren't its core business The Zacks Consensus Estimate for its current-year earnings has improved 7.4% over the past 60 days. HOOD is a Rank #1 company. Its stock soared 6.9% on the passage of the Act. Riot Platforms is a Bitcoin mining and engineering company. Its stock jumped 6.1% on the news, riding broader crypto optimism tied to anticipated broader crypto legislation. The Zacks Consensus Estimate for its current-year earnings has improved 2% over the past 60 days. RIOT is a Rank #3 company. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report Galaxy Digital Inc. (GLXY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
U.S. House Passes CLARITY Act, Moves on to Stablecoin Vote
The U.S. House of Representatives has passed its bill to regulate the crypto markets in a 294-134 vote on Thursday, securing a strong bipartisan majority as the matter heads toward the Senate. The Digital Asset Market Clarity Act marks the second time the House has approved a crypto market structure bill after a similar bipartisan effort in the previous congressional session last year, but the difference this year is that the Senate is now serious about its own passage of a bill. Tim Scott, the chairman of the Senate Banking Committee, said that he wants the Senate to finish legislation to regulate the U.S. crypto markets by Sept. 30, and that the House's work will be a "strong template." Industry lobbyists were concentrating closely on the scale of Democratic support on the bill, considering that number to be a controlling factor in how much pressure the Senate will feel to act. In the end, the cause drew a number of Democrats. The Financial Innovation and Technology for the 21st Century Act (FIT21) saw 208 Republicans and 71 Democrats vote in favor, figures easily surpassed by the 216 Republicans and 78 Democrats who supported this year's version. As the destiny of U.S. crypto markets shifts to the Senate, the House moved on Thursday toward its vote on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the bill that would outline how stablecoin issuers would operate in the U.S., which already cleared the Senate in a 68-30 vote. The legislation is expected to also be approved with a bipartisan vote. The difference, though, is that this vote marks the end of the road, and the GENIUS Act would go straight to the desk of President Donald Trump. The White House is preparing for a Friday signing event to establish GENIUS as the first major crypto law in the U.S. Earlier this year, when he invited crypto leaders to a summit at the White House, Trump had set a deadline before the August congressional break for finishing both of the industry's top legislative priorities. The stablecoin effort marks the first step, though market structure is the more complex and important legislation. The Senate may take more time, potentially missing Trump's deadline considerably by acting later in the year, according to some estimates. The president's influence over crypto policy has been considerable — a point of contention for Democrats who say his personal stake in the industry is inappropriate. However, an 11th-hour negotiation with holdout Republicans on Tuesday's "Crypto Week" procedural actions ended with Trump boasting that he'd brought them back on board, only to find later that they'd continue their opposition for most of a day. UPDATE July 17, 2025, 19:35 UTC): Adds FIT21 vote.
