Category: District of Columbia

Boston Fed Will Not Release Documents on Its Former President’s Trades

October 21, 2021
BostonBusiness & EconomyDistrict of ColumbiaEconomieseconomyEric RosengrenFedjerome powellLocal NewspresidentRegional-Local NewsRobert KaplantradesUSUS News
0 Comment

WASHINGTON—The Boston Federal Reserve will not release documents that could show whether its former president vetted a series of personal investments last year with its ethics officer, a spokesman for the regional Fed bank said, a key point in an ongoing ethics controversy at the U.S. central bank. Eric Rosengren, along with Dallas Fed President…

Read More

DC Suspends Most of Its Metro Trains Over Safety Issue

October 18, 2021
ArchivedDistrict of ColumbiaLocal NewsMetro TrainsNewsRegional-Local NewsSafetyUSUS NewsWashington
0 Comment

WASHINGTON—Washington’s regional Metro system abruptly pulled more than half its fleet of trains from service early Monday morning over a lingering problem with the wheels and axles that caused a dramatic derailing last week. The ruling promises to complicate daily travel and commutes for thousands of riders for an unspecified length of time while the…

Read More

Climate Activists Arrested After Storming Interior Department

October 17, 2021
activistsCrime and IncidentsDistrict of Columbiafossil fuelInterior DepartmentLocal NewsprotestRegional-Local NewsUSUS News
0 Comment

A group of activists protesting against fossil fuels were arrested after staging a sit-in at the Interior Department in Washington on Oct. 15. The protesters stormed the Stewart Lee Udall Main Interior Building on Thursday afternoon, with “multiple injuries” reportedly sustained by federal police and one officer hospitalized, according to a statement from Interior Department Communications…

Read More

Boeing Workers Stage Protest Near Seattle Over US Vaccine Mandate

October 16, 2021
AMERICABoeingBusiness & EconomyCCP VirusCompaniesDistrict of ColumbiaeconomyExecutive BranchLocal NewsmandatePoliticsRegional-Local NewsSeattleUSUS NewsVaccineVaccines & Safetyworkers
0 Comment

EVERETT, Wash.—Waving signs like “coercion is not consent,” and “stop the mandate,” some 200 Boeing Co employees and others staged a protest on Friday over the planemaker’s COVID-19 vaccine requirement for U.S. workers. Boeing said on Tuesday it will require U.S. employees to be vaccinated by Dec. 8 under an executive order issued by President…

Read More

Yellen Tells IMF’s Georgieva Data-Rigging Probe Raised ‘Legitimate’ Concerns: Treasury

October 12, 2021
Business & EconomyCompaniesconcernsdataDistrict of ColumbiaEconomieseconomyIMFInternationalJanet YellenKristalina GeorgievaLegitimateLocal NewsprobeRegional-Local NewsriggingUSUS NewsWorld
0 Comment

WASHINGTON—U.S. Treasury Secretary Janet Yellen told International Monetary Fund Managing Director Kristalina Georgieva on Monday that a law firm’s report into World Bank data-rigging allegations against the IMF chief “raised legitimate issues and concerns” but a lack of direct evidence meant a leadership change was unwarranted. Yellen said in the statement that “proactive steps must…

Read More

IMF Board Seeks More Details on Claims Against Georgieva: Statement

October 9, 2021
Business & EconomyChinaChina Business & EconomyCompaniesDistrict of ColumbiaFinance & Business TiesIMFKristalina GeorgievaLocal NewsRegional-Local NewsSpecial TopicsstatementUSUS News
0 Comment

WASHINGTON—The International Monetary Fund’s executive board adjourned without a decision about the future of Managing Director Kristalina Georgieva on Friday and said it would seek more information about claims that she pressured World Bank staff to alter data to benefit China in her previous role. The IMF said the board had made “significant progress,” but…

Read More

IMF Sees Inflation Subsiding in 2022, Supply Risks May Keep It Elevated

October 6, 2021
Business & EconomyDistrict of ColumbiaEconomieseconomyIMFinflationInternationalLocal NewsRegional-Local NewsriskssupplyUSUS NewsWorld
0 Comment

WASHINGTON—The International Monetary Fund said on Wednesday that headline consumer price inflation should peak this fall and recede to pre-pandemic levels by mid-2022, but risks remain that shortage-driven inflation spikes could prove more persistent, unanchoring expectations. The IMF’s baseline forecasts for advanced economies shows headline inflation peaking at 3.6 percent in the fall of 2021…

Read More

Supreme Court Upholds Constitutional Ban on D.C. Voting Rights

October 5, 2021
D.C. representationD.C. StatehoodDistrict of ColumbiaJudiciarySupreme CourtUSvoting rights
0 Comment

District of Columbia residents are not entitled to voting representation in the U.S. House of Representatives, the Supreme Court ruled, affirming a lower court decision. The ruling came after the House approved legislation in April to make D.C. the 51st state, but the bill stalled in the Senate. Democrats support the measure, arguing that all…

Read More

Supreme Court Opens New Term, Will Hear Cases on Abortion and Second Amendment

October 4, 2021
District of ColumbiaJudiciarySupreme CourtUSUS News
0 Comment

The Supreme Court on Oct. 4 opened a new term that’s filled with crucial cases on how much access to abortion can be restricted and whether New York state infringed upon the Second Amendment. Chief Justice John Roberts opened the term by noting that Justice Brett Kavanaugh was participating remotely. Kavanaugh tested positive for COVID-19…

Read More

Exclusive: Fed’s Harker Says Economy Close to Achieving Inflation Goal for Rate Hikes

October 2, 2021
Business & EconomyDistrict of ColumbiaEconomieseconomyFedhikesinflationLocal NewsPatrick HarkerrateRegional-Local NewsUSUS News
0 Comment

The U.S. Federal Reserve may be close to meeting the inflation mandate set for raising interest rates, Philadelphia Fed Bank President Patrick Harker said, but it may be a year or longer before the central bank’s employment goal is met to allow for an actual rate increase. After running high this year because of the…

Read More