Financial Services

'Widow's tax' provision in bill OK'd by House 12/12/2019 Arkansas Democrat-Gazette WASHINGTON -- The National Defense Authorization Act, which passed in the House of Representatives 377-48 Wednesday, contains good news for thousands of military widows in Arkansas and across the country. The bill gradually repeals a longstanding federal law that had prevented tens of thousands of… Read more »

State's lawmakers, business leaders laud trade deal 12/11/2019 Arkansas Democrat-Gazette WASHINGTON -- Arkansas lawmakers and industry leaders say they're glad that the United States Mexico Canada Agreement is moving forward, predicting it will be good for workers and a boon for the nation. The trade agreement "will reposition the United States as not only the largest economy in… Read more »

WTAS: Support for President Donald J. Trump’s United States-Mexico-Canada Agreement 12/10/2019 White House Members of Congress House Minority Leader Kevin McCarthy (R-CA): “We’re living through the greatest economy in our lifetime with record unemployment and rising wages. #USMCA will ensure the prosperity continues.” House Majority Whip Jim Clyburn (D-SC): “The U.S. Mexico… Read more »

Trump, Democrats find compromise on USMCA; Arkansas delegation and industry officials supportive 12/10/2019 TB&P President Trump and Congressional Democrats struck a deal Tuesday (Dec. 10) on the U.S.-Mexico-Canada Agreement (USMCA), a reset of the 25-year old North American Free Trade Agreement (NAFTA). For months, Trump administration officials, led by U.S. Trade… Read more »

Treasury Secretary Mnuchin & Fed Chair Powell: No Plans for National Cryptocurrency 12/9/2019 Your Crypto Hub According to Treasury Secretary Steven Mnuchin, the U.S. government sees no use of diving into cryptocurrency anytime soon. Mnuchin was speaking at the House Financial Services Committee in Washington. The decision to not creating a national digital currency comes… Read more »

US House Financial Services Committee: US Treasury Secretary Mnuchin Says “No Need” for Federal Digital Currency (CBDC) 12/8/2019 Crowdfund Insider US Secretary of the Treasury Steve Mnuchin told members of the US House Financial Services Committee Thursday that both he and Federal Reserve Chairman Jerome Powell feel there is “no need” for the US to develop a digital currency in… Read more »

Steve Mnuchin Does Not Expect US to Issue Digital Dollar in next 5 Years 12/6/2019 CoinTelegraph United States Secretary of the Treasury Steven Mnuchin said that he and Federal Reserve Chairman Jerome Powell do not anticipate the development of a national digital currency in the country. Mnuchin delivered his comments during a House Financial Services Committee hearing in… Read more »

Mnuchin, Powell see no need for Fed to issue digital currency 12/5/2019 BNN Bloomberg Treasury Secretary Steven Mnuchin said he and Federal Reserve Chairman Jerome Powell don’t expect the U.S. to create a digital currency. “Chair Powell and I have discussed this -- we both agree that in the near future, in the next five years, we see no need for the Fed to issue a digital… Read more »

Digital Currency Revolution Series: A Glimpse At Global Central Banks’ Obsession of Own Digital Currencies 12/5/2019 EconoTimes From the recent past, there were hush-hush talks that a top Fed official has mentioned that the US Central Bank is pondering over the idea of a digital dollar, while Democratic and Republican members of Congress communicated with the Fed Chairman Jay… Read more »

WASHINGTON, D.C. — Congressman French Hill (AR-02) joined Yahoo Finance's The Final Round to discuss the Fed's decision to cut interest rates in 2019, getting the USMCA trade deal to the House floor for a vote, and the possibility of a U.S.-backed cryptocurrency. Click HERE or on the picture below to watch the full interview with Congressman Hill on Yahoo… Read more »