So-called stablecoins could be a step closer to becoming a mainstream form of payment in the U.S. as the House of Representatives considers a bill regulating the digital currency. The Genius Act, which passed in the Senate last month with broad bipartisan support, would create rules of the road for the $250 billion market for stablecoin,
A group of former Justice Department officials are making an eleventh-hour effort to derail President Trump’s nomination of Emil Bove for a lifetime appointment to a federal judgeship, according to memos obtained by CBS News. The effort includes outreach to sway the vote of Sen. Thom Tillis, a North Carolina Republican whose objection doomed the
The Trump administration is releasing thousands of California National Guard troops from a federal mission in Los Angeles, the Pentagon said Tuesday, over a month after President Trump deployed the troops — over Gov. Gavin Newsom’s objections — to respond to protests in the nation’s second largest city. “Thanks to our troops who stepped up
President Trump and many leaders of the country’s largest technology and energy companies announced more than $90 billion in new investments in the state on Tuesday. Mr. Trump, who spoke for about 30 minutes during a roundtable discussion at the Inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University, said 20 “leading technology and energy companies” will
Washington — Attorney General Pam Bondi last week ousted the senior ethics attorney at the Justice Department who advised her and other senior officials on employee ethics, the latest firing that has come amid an ongoing purge of department employees. Joseph Tirrell, who was director of the Departmental Ethics Office, wrote in a post on
The Trump administration has dramatically curtailed the ability for those facing deportation to be released from immigration detention, its latest effort to expand the scope of its sweeping immigration crackdown, sources briefed on the policy change told CBS News. By reinterpreting an immigration law from the 1990s, Immigration and Customs Enforcement is now instructing officials
Washington — Mike Waltz, President Trump’s former national security adviser, testified Tuesday at his Senate confirmation hearing to be U.S. ambassador to the United Nations, where he fielded questions about the administration’s foreign policy and his plans for the role if he is confirmed. The hearing before the Senate Foreign Relations Committee was the first