In the News
Houstonians will decide on Tuesday who to elect as the next city controller, which isn't an easy thing to do. The controller is the city's financial watchdog, an independent elected official who keeps an eye on the city's cash flow. But voting for a controller can be tricky — how do you know if an incumbent is doing a good job, and how do you know if a challenger would do it better?
To the average ear, the controller might sound like a talking Excel spreadsheet, but there's a lot more going on.
AUSTIN (KXAN) — A House divided down the middle took steps forward Thursday to formalize the impeachment inquiry process and make the ongoing congressional investigation open to the public.
The resolution was approved with a vote of 232 to 196. All of the Texas Democrats voted for the resolution. All of the Republicans voted no.
WASHINGTON — The U.S. House took a formal step Thursday toward impeaching President Donald Trump as the chamber passed a measure that lays down the rules going forward in the current fact-finding phase.
The 2018 midterm elections gave the United States a staggering 116th Congress, important in part for the number of women who assumed office and for the diversity among those women.
The first openly gay member of the Senate. The first two Muslim women elected to Congress. The first two Native American congresswomen. The youngest woman elected to Congress.
Stablecoins are Securities Act of 2019
The bill plans to regulate stablecoins under the Securities Act of 1933.
WASHINGTON — Six hours after lawmakers began grilling Facebook CEO Mark Zuckerberg on his cryptocurrency plans, House members from both sides of the aisle expressed dissatisfaction with the lengthy testimony.
Zuckerberg took questions from the House Financial Services Committee on Wednesday, three months after David Marcus, Facebook's cryptocurrency chief, failed in his testimony to give politicians confidence that the company would wait for a regulatory structure before launching its libra project.
WASHINGTON – Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals.
WASHINGTON (Reuters) - Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company's planned digital currency Libra was a "risky project," but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people.
Sporting a suit and tie, Zuckerberg also fended off aggressive questions on election interference, free speech, hate groups and fake news from members of the U.S. House of Representatives Financial Services Committee.
Facebook's crypto-project initiative ‘Libra' has been confronting various hindrances before an actual take-off, talk of the town across the globe as some G7 finance ministers and the central bank governors showed some sort of scepticism on this project but reinstating the project is the most buzzing topic even within the U.S. region. The recent trend is that, in the house of representatives for Texas's 29th congressional district, Sylvia Garcia, announced a draft bill to the House Financial Services Committee on Oct. 18.
On Tuesday, Rep. Sylvia Garcia (D-Texas) proposed a draft bill that may include stablecoins into the scope of the Securities Act of 1933.