Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.

Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...

Median household income rose to a record $87,460 in 2025, according to annual Census Bureau data on the financial well-being of Americans.

Capitol Hill could soon be playing a supporting role on "The Real Housewives of Salt Lake City," after one of its stars, Angie Katsanevas, says she filmed some of her advocacy work in the nation's capital for the show. "We did film some [of the time] that I spent here in D.C. working with the...

A cryptocurrency regulation bill failed to advance on the Senate floor Tuesday, after all Democrats and a few Republicans blocked a procedural vote. The Senate voted 49-50 on a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold. It marks a major setback for the industry, which has long pushed for the measure setting up a regulatory...

Democratic Rep. Stephen Lynch (Mass.) on Tuesday urged Treasury Secretary Scott Bessent to convince President Trump to reverse course on regulating artificial intelligence (AI). During Bessent’s appearance before the House Financial Services Committee, Lynch said Trump does not have “a grasp” of “what we’re dealing with” regarding AI. “I’ll be honest, I don’t think the...

Jon Voight is joining a bipartisan group of lawmakers touting the need for a federal film and TV production tax credit, saying a new report shows such an incentive would "level the playing field and bring jobs back to our country." The "Deliverance" star, whom President Trump named last year as one of his "special ambassadors" to...

Abbott Laboratories will pay $385 million to settle allegation related to how it operated a manufacturing plant tied to contaminated powdered baby formula suspected of causing infant deaths. Contamination led to the nation's largest formula facility being shuttered temporarily in 2022, triggering a recall of several infant formula brands, including Similac, exacerbating existing supply chain...

Rep. Maxine Waters (D-Calif.) went after Treasury Secretary Scott Bessent on Tuesday for the Trump administration’s policy on artificial intelligence, as warnings about the technology percolate. During Bessent’s appearance before the House Financial Services Committee, Waters said President Trump is “blindly” pushing for the development of AI models and data centers “with absolutely no safeguards.”...