Politics Maxine Waters

  • 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, head of blockchain with Facebook Inc., right, is questioned by Representative Brad Sherman, a Democrat from California, not pictured, during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, 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.

  • Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C.

    Rep. Patrick McHenry has questions about Facebook's plan for a cryptocurrency, and he isn't alone.

  • WASHINGTON, June 19- Facebook Inc'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. David Marcus, who oversees Facebook's blockchain efforts, is expected to testify, according to a source in Washington familiar...

  • WASHINGTON, June 19- The U.S. Senate Banking Committee will discuss Facebook Inc's proposed cryptocurrency at a July 16 hearing, the panel announced Wednesday. Representative Maxine Waters, the Democrat who chairs the House Financial Services Committee, said Tuesday she planned to similarly call Facebook to testify, and asked the company to halt the project...

  • *Facebook unveils plans for digital coin called Libra. SAN FRANCISCO/ NEW YORK, June 18- Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard,...

  • WASHINGTON, June 18- A leading U.S. House lawmaker on Tuesday called on Facebook Inc to halt development on its new cryptocurrency and for company executives to testify before Congress, adding to global concerns about what the digital currency could mean for data privacy and security. Maxine Waters, who chairs the House Financial Services Committee, said...