Town Hall News

By Andrea Shalal and Pete Schroeder WASHINGTON (Reuters) -The Biden administration proposed a limited list of new measures Thursday to strengthen mid-sized banks that it said could be pushed through without having to go to Congress. Banks with between $100 billion and $250 billion in assets should hold more liquid assets, increase their capital, submit to regular stress tests and write “living wills” that detail how they can be wound […]

By Andrea Shalal and Pete Schroeder WASHINGTON (Reuters) -The Biden administration proposed a limited list of new measures Thursday to strengthen mid-sized banks that it said could be pushed through without having to go to Congress. Banks with between $100 billion and $250 billion in assets should hold more liquid assets, increase their capital, submit to regular stress tests and write “living wills” that detail how they can be wound […]

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co has withdrawn a petition seeking U.S. regulatory approval to deploy up to 2,500 self-driving vehicles annually without required human controls like steering wheels, according to a letter made public Thursday. The automaker told the National Highway Traffic Safety Administration (NHTSA) it was no longer seeking approval for the petition it filed in July 2021, citing its decision to close its self-driving venture […]

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co has withdrawn a petition seeking U.S. regulatory approval to deploy up to 2,500 self-driving vehicles annually without required human controls like steering wheels, according to a letter made public Thursday. The automaker told the National Highway Traffic Safety Administration (NHTSA) it was no longer seeking approval for the petition it filed in July 2021, citing its decision to close its self-driving venture […]

By Andrea Shalal and Pete Schroeder WASHINGTON (Reuters) -The Biden administration proposed a limited list of new measures Thursday to strengthen mid-sized banks that it said could be pushed through without having to go to Congress. Banks with between $100 billion and $250 billion in assets should hold more liquid assets, increase their capital, submit to regular stress tests and write “living wills” that detail how they can be wound […]

By Andrea Shalal and Pete Schroeder WASHINGTON (Reuters) -The Biden administration proposed a limited list of new measures Thursday to strengthen mid-sized banks that it said could be pushed through without having to go to Congress. Banks with between $100 billion and $250 billion in assets should hold more liquid assets, increase their capital, submit to regular stress tests and write “living wills” that detail how they can be wound […]

By David Morgan WASHINGTON (Reuters) – The U.S. House of Representatives on Thursday passed a Republican energy reform bill intended to bolster U.S. oil and gas production while scaling back climate initiatives, the first major legislation of House Speaker Kevin McCarthy’s majority. The House passed the Lower Energy Costs Act by a mostly partisan 225-204 vote. The bill would deliver on a top 2022 Republican campaign pledge to lower Americans’ […]

By David Morgan WASHINGTON (Reuters) – The U.S. House of Representatives on Thursday passed a Republican energy reform bill intended to bolster U.S. oil and gas production while scaling back climate initiatives, the first major legislation of House Speaker Kevin McCarthy’s majority. The House passed the Lower Energy Costs Act by a mostly partisan 225-204 vote. The bill would deliver on a top 2022 Republican campaign pledge to lower Americans’ […]

By Eduardo Baptista and Kanishka Singh BEIJING/ WASHINGTON (Reuters) – China on Thursday called remarks by U.S. Treasury Secretary Janet Yellen “irresponsible” and “unreasonable” after Yellen said Beijing’s lending activities leave developing countries “trapped in debt.” Yellen on Wednesday said she was concerned by some of China’s activities globally, particularly its lending to developing countries. She told U.S. lawmakers in a hearing that Washington was working hard to counter China’s […]