Facebook's proposed Libra digital currency “could be misused by money launderers and terrorist financiers," the treasury secretary says.
The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
The Financial Stability Oversight Council's decision means there are no longer any nonbanks subject to stricter, post-crisis oversight.
The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."
“This boost in capital was essential for us to advance our efforts to mobilize additional finance for development," the bank's president says.
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
The decision, which cited national security concerns, may signal problems for other Chinese deals under review by the administration.
The White House wants to ensure U.S. banks cannot be used to help finance the expansion of undemocratic rule in Venezuela.
The new administration's "prioritization of tax reform is potentially a huge plus for the equity markets," S&P says.
