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Todd Spangler NY Digital Editor Binance Holdings, operator of the largest cryptocurrency exchange in the world, pleaded guilty to U.S. criminal charges that it violated the Bank Secrecy Act and other laws and will pay $4.3 billion to resolve the investigation, the Justice Department said Tuesday. In addition, Binance founder Changpeng Zhao entered a guilty plea of failing to maintain an effective anti-money laundering program in violation of the BSA, according to the DOJ.

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House Passes Debt Ceiling Bill, Clearing A Hurdle To Avoid U.S. Default; Legislation Now Heads To Senate

The U.S. cleared another hurdle in avoiding its first default, as a the House of Representatives passed compromise legislation to suspend the debt ceiling.

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White House And Republicans Reach Agreement In Principle To Raise Debt Ceiling And Avert Default

The White House and House Republicans reached an agreement in principle on Saturday to raise the debt ceiling and avert a default.

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Media Stocks, Broader Markets Dip On Debt Ceiling Jitters, And It Could Get Worse

U.S. stocked closed lower Tuesday on fears of a debt-ceiling impasse that could lead the nation into recession.

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Global Citizen Sets Paris Concert Livestream With Billie Eilish, Jon Batiste and Others to Press Governments and World Bank on Climate Change Lending

Chris Willman Senior Music Writer and Chief Music Critic Global Citizen has announced another all-star concert aiming to help force a real effect on world poverty and climate change, this one set to stream live from Paris’ Champ de Mars on June 22 and featuring Billie Eilish, Jon Batiste, Lenny Kravitz and H.E.R., with additional special appearances by Ben Harper, Finneas and Mosimann. The Live Nation-produced event, “Power Our Planet: Live in Paris,” will be held before a ticketed audience and streamed from in front of the Eiffel Tower on the Global Citizen channel on Amazon’s Twitch, with further broadcast or streaming partners to be announced in the coming weeks. The location wasn’t chosen just for its scenic value. The Summit for a New Financial Pact is being held in Paris on June 22-23, and Global Citizen’s stated hopes are that the concert will help compel World Bank President Ajay Banga, the U.S. government’s Janet Yellen and all the G20 Nations to take action on loosening up funds for less developed nations to deal with climate change.

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Treasury Department inspector general to audit DeSantis migrant flight spending

The Treasury Department inspector general confirmed in a letter to Democratic lawmakers that the agency is planning to audit whether spending by Florida Gov. Ron DeSantis on migrant flights was improper.

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Diversity, equity, inclusion dominate Biden admin's policy priorities across agencies

The Treasury Department's launch of a new advisory committee on racial equity is just one of dozens of ways in which the federal government is working to advance President Biden's sweeping diversity, equity, inclusion and accessibility (DEIA) agenda. "We know that we need to do all we can to build a fairer economy, and that’s why we have put racial equity at the forefront of our agenda at Treasury and across the Biden administration," Treasury Secretary Janet Yellen said Tuesday as she announced the equity committee.

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Economic Recession ‘More Likely Than Not’ Says Former Treasury Secretary Lawrence Summers

CNN’s State of the Union talk show highlighted two hot takes Sunday from former Treasury Secretary Lawrence Summers. The most startling was his pronouncement that an economic ecession was “more likely than not” within the next two years.

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Senate Passes Bill To Avoid Shutdown, Keep Government Funded Through Early December

The Senate passed a new government funding package on Thursday, avoiding a partial shutdown of the government at midnight and resolving, at least for now, one of a number of Democrats’ legislative priorities.

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Facts About Janet Yellen

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Facts About Janet Yellen

Who is Janet Yellen?

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Is there a full biography of Janet Yellen available?

What are the most talked-about moments involving Janet Yellen?