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New York Might Be First to Regulate Bitcoin

February 21, 2014 Bitcoin may be emerging from a few weeks of negative headlines, but one of the most outspoken financial regulators says he still sees promise in the virtual currency. "I do think it holds a lot of promise (if money laundering can be adequately addressed), both on its own and in...

from govexec

Your Post Office Now Wants to Be Your Bank

February 10, 2014 The post office isn't known as the most efficient or reliable business in America. It can't run its operations at a profit, it's got serious financial troubles, and just try mailing a package on a Saturday without waiting in line for 30 minutes. Now imagine relying on this institution for...

How Is Bitcoin Taxed? The IRS Doesn't Know

January 27, 2014 How do you tax bitcoins? Apparently, not even the IRS knows. Internet forums like Reddit and bitcointalk.org are exploding with questions about how users of the increasingly popular virtual currency should fill out their tax forms this year. "Some of us have sold some for fiat [money]. Some of us...

from govexec

Treasury Secretary Warns U.S. Likely to Hit Debt Ceiling in February

January 16, 2014 Treasury Secretary Jacob Lew warned lawmakers on Thursday that a final deadline for raising the nation's borrowing limit is likely to arrive next month, not in March, which he had previously said was a possibility. "I think that if Congress is looking at the numbers the way we are—we have...

from govexec

Senate Confirms Fed Chair—Now the Hard Part Begins

January 7, 2014 The Senate voted 56-26 on Monday to confirm Janet Yellen as the next chair of the Federal Reserve, elevating her to arguably the most powerful woman in Washington. It won't be an easy job. In addition to overseeing the unwinding of the central bank's bond-buying program and likely its first...

from govexec

Treasury Official to Be Tapped to Lead Financial Regulatory Agency

November 12, 2013 President Obama will nominate Treasury official Timothy Massad to be the next chairman of the Commodity Futures Trading Commission on Tuesday afternoon, according to a White House official. Massad will succeed Gary Gensler, who has served as head of the CFTC since 2009 and who has frequently butted heads with...

from govexec

Obamacare Continues to Be a Tough Sell

June 21, 2013 In what turned out to be unfortunate timing for the White House, President Obama traveled to San Jose, California, this month to tout his health care law and kick off a summer push to get Americans ready to sign up for insurance under new online marketplaces, scheduled to open on...

from govexec

Top Econ Adviser: 'The Era of Threatening Default Is Over'

April 25, 2013 Gene Sperling, President Obama’s top economic adviser, sketched out a hopeful scenario on Thursday for the next round of budget negotiations. Not only is there the possibility of passing a budget to fund the government through the normal congressional process rather than lurching from crisis to crisis with stopgap measures,...

Is it Illegal to Impersonate the Boston Marathon Bombing Suspects (or Anyone Else) on Twitter?

April 19, 2013 After video of the Boston Marathon bombing suspects was released, journalists and citizen-sleuths turned to social media to find their digital footprint. They were greeted with a wealth of information. Not all of it was true. By mid-day Friday, there were a number of Twitter accounts registered under the name...

Crowdsourcing the Boston Marathon Bomber

April 17, 2013 What does it take to catch the Boston Marathon bomber? A number of news outlets have reported that a suspect has been identified in Monday's Boston Marathon bombing and they say the break came in the form of department store surveillance footage, assisted by a Boston television station, according to...

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