Peter Welch

In a significant development, the Senate passed the GENIUS Act on Tuesday, a bill establishing the country’s first regulatory framework for dollar-pegged stablecoins.  Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage. What happened:...

Former and current employees at ChatGPT’s parent company, OpenAI, have expressed concern that safety is not being taken seriously enough at the now-for-profit organization. Such mistrust has also penetrated the highest levels of government. What Happened: Five senators — Brian Schatz (D-HI...

As calls from Democratic members of Congress for President Joe Biden to withdraw from the 2024 presidential race increase, he has firmly reiterated his commitment to continue his campaign. What Happened: Former Speaker of the House Nancy Pelosi (D-Calif.) chose her words carefully during an...

Sen. John Fetterman (D-Pa.) has publicly voiced his disagreement with Sen. Peter Welch‘s (D-Vt.) call for President Joe Biden to withdraw from the presidential race. What Happened: Welch became the first Senate Democrat to publicly urge President Biden to step down. Welch expressed his...

Two U.S. senators have introduced a bill that would mandate ride-hailing companies like Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) to inform passengers if their drivers are using dashcams to record them. What Happened: The bill, proposed by Sen. Marsha Blackburn (R-TN...

A group of 12 Democratic U.S. senators are urging the Drug Enforcement Administration this week to fully legalize cannabis. Led by Elizabeth Warren (D-Mass.) and John Fetterman (D-Penn.), the senators sent a letter signed by Senate Majority Leader Chuck Schumer (D-N.Y.), to Attorney General Merrick...

One of the bigger storylines of stock trading in 2021 was continued calls for members of Congress to be barred from buying and selling stocks. Here is a look at just how well members of Congress who traded stocks in 2021 did against the overall market. What Happened: Many retail traders and some...

When companies “pay” huge amounts of money to settle claims that they broke the law, don’t believe the hype: the bill may be a lot less than advertised. That’s because we taxpayers may be picking up part of the tab. How? The tax code allows companies to deduct some or all of the payments as...