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 grieving spouses from receiving full survivors' benefits. Despite Wednesday's vote, Elly Gibbons of Fort Smith isn't c... 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 the world but as one of the best places to do business in the world," U.S. Rep. French Hill said in an interview. "I t... 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 Canada Agreement (USMCA): -Will boost the economy -Support workers -Protect the environment -And improve access to affordab... 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 Representative Robert Lighthizer, and legislative leaders have battled behind the scenes for changes to the original NAFTA agreement... 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 after a discussion with Jerome Powell, Chairman of the Federal Reserve. The conversation happened on Thursday while the two o... 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 the near term. Currently, multiple central banks are reviewing “central bank digital currencies” or CBDCs with some, l... 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 Washington, Bloomberg reported on Dec. 5. “Chair Powell and I have discussed this — we both agree that in the near future, 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 currency,” Mnuchin said Thursday at a House Financial Services Committee hearing in Washington. Some other central banks, inc... 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 Powell to know the implications of such a revolutionary adoption. In reply, the Chairman of the Federal Reserve, Powell, ... 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 Finance. Key excerpts from Congressman Hill below: On the Fed Cutting Rates: "I think they made the right decision to cut rates when they did ... Read more