Politics Maxine Waters

  • WASHINGTON, Oct 23- Facebook Inc CEO Mark Zuckerberg sought to reassure skeptical U.S. lawmakers on Wednesday that the company's planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system. Appearing in a suit and tie before the U.S. House of...

  • WASHINGTON, Oct 9- Facebook chief executive Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Oct. 23 as the social media company faces growing scrutiny from U.S. lawmakers over a planned cryptocurrency and other issues including advertising policies. It will be his first appearance before a U.S. congressional committee...

  • WASHINGTON, Oct 9- Facebook chief executive Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Oct. 23 as the social media company faces growing scrutiny from U.S. lawmakers over a planned cryptocurrency and other issues including advertising policies. It will be his first appearance before a U.S. congressional committee...

  • WASHINGTON, Oct 3- Facebook Inc Chief Operating Officer Sheryl Sandberg has tentatively agreed to testify before a U.S. House committee on Oct. 29 about the company's plan for a digital currency, but the panel will not schedule the hearing until Chief Executive Mark Zuckerberg commits to appear by January, a congressional source said on Thursday.

  • WASHINGTON, Sept 17- A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration. The proposal, by the Federal Deposit Insurance Corporation, could potentially free $40...

  • President Donald Trump on Monday told the Pentagon to find better ways to procure a rare earth magnet used in specialty motors, warning that the nation's defense would suffer without adequate stockpiles. The order came as part of a letter to Congressional committee leaders, as required under the Defense Production Act, a 1950 s-era U.S. law that gives the...

  • A "Zuck Buck" is displayed on a monitor as David Marcus, the executive leading Facebook's blockchain initiative, is questioned by U.S. lawmakers in Washington, D.C., on July 17, 2019.

    CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial Services Committee on Capitol Hill.

  • WASHINGTON/ NEW YORK, July 17- U.S. lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, saying the company had not shown it could be trusted to safeguard the world financial system and consumers' data. "I have serious concerns with Facebook's plans to create a digital currency and digital wallet," Maxine Waters, chairwoman of the...

  • WASHINGTON/ NEW YORK, July 17- U.S. lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted. "I have serious concerns with Facebook's plans to create a digital currency and digital wallet," Maxine...

  • WASHINGTON, July 17- U.S. lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted. "I have serious concerns with Facebook's plans to create a digital currency and digital wallet," Maxine Waters,...

  • WASHINGTON, July 17- U.S. lawmakers quizzed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted. "I have serious concerns with Facebook's plans to create a digital currency and digital wallet," Maxine Waters,...

  • WASHINGTON, July 17- Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted. "I have serious concerns with Facebook's plans to create a digital currency and digital wallet," Maxine...

  • WASHINGTON, July 17- Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted. "I have serious concerns with Facebook's plans to create a digital currency and digital wallet," Maxine...

  • Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin. "Libra raises many serious concerns regarding privacy, money laundering, consumer...

  • SAN FRANCISCO/ WASHINGTON, July 10- Federal Reserve Chairman Jerome Powell came to Capitol Hill on Wednesday with two goals: cementing the case for an interest rate cut at the end of this month, and bolstering his own congressional wall of protection against a president who has made a daily habit of Fed bashing unseen since the 1970 s. Within a few minutes of the...

  • WASHINGTON, July 10- Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to' act as appropriate' to defend an economic expansion threatened by trade disputes and a global slowdown. In testimony to a congressional committee, Powell pointed to "broad" global weakness that was...

  • NEW YORK, July 8- SunTrust Banks Inc will stop financing operators of private prisons and immigration holding facilities, it said on Monday, becoming the latest lender to distance itself from a sector associated with the Trump administration's policies. In 2018 lenders including Bank of America Corp and Wells Fargo& Co raised roughly $1.8 billion in three...

  • June 24- Federal Reserve Chairman Jerome Powell will give his twice-yearly testimony on monetary policy and the state of the economy before the financial services committee in the House of Representatives on July 10, at 10 a.m. eastern time. The committee's chairwoman, Maxine Waters, announced the hearing in an email distributed on Monday.

  • WASHINGTON, June 20- The U.S. government should consider forcing Facebook Inc to freeze work on its new cryptocurrency project, a senior U.S. lawmaker said on Thursday. Representative Maxine Waters, who chairs the House of Representative Financial Services Committee, said in a CNBC interview the government needs to study cryptocurrencies and Facebook's...

  • Facebook CEO Mark Zuckerberg (C) leaves the office of Sen. Dianne Feinstein (D-CA) after meeting on Capitol Hill on April 9, 2018 in Washington, DC.

    Facebook's plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.