Articles written by fatima hussein

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  • Biden to name 1st Native American US treasurer to head Mint

    FATIMA HUSSEIN|Jun 22, 2022

    WASHINGTON (AP) — A Native American is being appointed U.S. treasurer, a historic first. The White House on Tuesday announced President Joe Biden's intent to appoint Marilynn "Lynn" Malerba as his administration establishes an Office of Tribal and Native Affairs at the Treasury Department, which will be overseen by the U.S. treasurer. The treasurer's duties include oversight of the U.S. Mint, serving as a liaison with the Federal Reserve and overseeing Treasury's Office of Consumer Policy. The treasurer's signature appears on U.S. currency. "...

  • Biden showcases deficit progress in bid to counter critics

    JOSH BOAK and FATIMA HUSSEIN|May 4, 2022

    WASHINGTON (AP) — President Joe Biden on Wednesday highlighted new figures showing the government's red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leadership amid growing dismay over inflation going into midterm elections that will decide control of Congress. Biden, embracing deficit reduction as a way to fight inflation, stressed that the dip in the national debt would be the first in six years, an achievement that eluded former President Donald Tru...

  • Biden signs order on cryptocurrency as its use explodes

    FATIMA HUSSEIN|Mar 9, 2022

    WASHINGTON (AP) — President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency. Treasury Secretary Janet Yellen said the effort would "promote a fairer, more inclusive, and more efficient financial system" while countering illicit finance and preventing risks to financial stability and national security. The Biden administration views the explosive popularity of cryptocurrency as an o...