Bloomberg Facebook Inc.’s plans to create a new cryptocurrency that can be used for everything from commerce to money transfers is facing pushback from angry US lawmakers. House Financial Services Committee Chairwoman Maxine Waters urged the company to halt development of the token until Congress and regulators can examine it. Other lawmakers demanded hearings and questioned whether the coin, called ...

Bloomberg New York’s Senate has passed the state’s own version of the Green New Deal — a climate bill that will set the most aggressive clean energy target in the country, more than triple the state’s solar capacity and unleash wind power off the coast. The legislation, which was approved 41-21 and is expected to clear the Democratic-led Assembly, would ...

President Trump has a credibility problem at a time when his confrontation with Iran is moving towards a dangerous test. “There is no capital in the bank” in terms of trust with major European and Asian allies, said one former senior defense official. “We’ve managed to isolate ourselves, rather than Iran. This is a strategy-free zone.” Adding to the sense ...