News published on Federal Newswire in August 2023

News from August 2023


Week ending Aug. 12: Federal Reserve System publishes 3 notices

There were three notices published by the Federal Reserve System in week ending Aug. 12, according to the Federal Register.


G7: 'We deplore North Korea’s choice to divert its limited resources to fund its unlawful weapons of mass destruction and ballistic missile programs'

The G7 foreign ministers strongly condemned North Korea's latest ballistic missile launch, calling it a "clear, flagrant violation" of UN resolutions and a threat to global peace in a joint statement released on August 24, 2023.


Soderstrom: 'The Commission’s order provides innovative and comprehensive relief to protect competition'

The Federal Trade Commission responded to antitrust concerns surrounding a $5.2 billion cash-and-stock deal between Quantum Energy Partners, a private equity firm, and EQT Corporation, a natural gas producer.


Raimondo: 'President Biden has launched the most ambitious climate and conservation agenda in history'

National Oceanic and Atmospheric Administration recently proposed designating a 5,617-square-mile area off the coasts of San Luis Obispo and Santa Barbara counties as the Chumash Heritage National Marine Sanctuary.


Nawaz: 'Investment advisers must ensure the accuracy of disclosures made to existing and prospective investors'

The U.S. Securities and Exchange Commission has taken action against Titan Global Capital Management USA LLC, an investment adviser based in New York, for employing misleading hypothetical performance metrics in their advertisements.


Inflation:  Progress and the Path Ahead

News Release: Good morning. At last year's Jackson Hole symposium, I delivered a brief, direct message. My remarks this year will be a bit longer, but the message is the same: It is the Fed's job to bring inflation down to our 2 percent goal, and we will do so. We have tightened policy significantly over the past ...


Nelson: 'United States is committed to promoting a peaceful resolution to the escalation of conflict in the eastern Democratic Republic of the Congo'

The U.S. Department of the Treasury's Office of Foreign Assets Control imposed sanctions on six individuals, because they helped escalate conflict in the eastern Democratic Republic of the Congo.


McDonough: 'Once you’re in, you have access for life' to VA health care

Veterans all over the U.S. who served in combat zones between Sept. 11, 2001, and Oct. 1, 2013, can directly enroll in VA health care until Sept. 30 without applying for VA benefits.


Raimondo: 'This EDA investment will support engineering, site redevelopment and infrastructure improvements'

U.S. Secretary of Commerce Gina Raimondo recently announced novel funding to be delivered to Madawaska, Maine, for the redevelopment of the downtown plaza.


Federal Reserve System discusses Formations of, Acquisitions by, and Mergers of Bank Holding Companies on Aug. 24

The US Federal Reserve System published a one page notice on Aug. 24, according to the U.S. Government Publishing Office.


//eip// McCain: 'HUD will continue to work earnestly to ensure that persons with disabilities are not discriminated against'

The U.S. Department of Housing and Urban Development recently announced Kye Patton and Bob Cave, the owner and manager of a duplex apartment in Salem, Ore., will pay $17,000 under a consent order to resolve allegations they violated the Fair Housing Act by denying a reasonable accommodation request for a woman to live with her assistance animals.


Reuters: Zuckerberg 'envisions such tools facilitating interactions between users from around the globe'

Meta Platforms, the parent company of Facebook, introduced an AI model named SeamlessM4T.


Reuters: 'X is planning to remove the headline and text while retaining just the lead image from links'

Elon Musk recently announced his intention to change how news links appear on his social media platform X, formerly Twitter.


Bitcoin's value has experienced a significant crash

Bitcoin's value has experienced a significant crash, attributed to a broader apprehension within the financial markets, with the leading cryptocurrency witnessing a decline of more than 7%.


Raimondo: Funding 'provides an important opportunity to bolster salmon and steelhead recovery'

The U.S. Department of Commerce and National Oceanic and Atmospheric Administration announced more than $106 million in funding for state and Tribal salmon recovery programs and projects in Alaska, California, Idaho, Oregon and Washington.


McCaul: 'U.S. export control policy toward the PRC should not be up for negotiation'

Michael McCaul, the chair of the House Foreign Affairs Committee, collaborated with a group of fellow lawmakers last week to collectively address a letter to Commerce Secretary Gina Raimondo to dissuade her from establishing connections with the Chinese government. The lawmakers initiated this correspondence in response to emerging reports indicating that Raimondo might be considering involvement in a working group alongside the Chinese government, according to a press release.



 DOE: Three annual reports project growth in the wind power sector

The U.S. Department of Energy (DOE) published three annual reports on Aug. 24 highlighting wind power's sustained growth and economic viability as an electricity source in the United States, according to a press release. The reports reveal that wind energy constituted 22% of newly installed electricity capacity in the country in 2022 with an investment of $12 billion and providing employment to over 125,000 individuals.


Federal Reserve Board announces termination of enforcement action with HSBC Holdings PLC and HSBC North America Holdings Inc.

News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below


Steve Davis at CSIS:  'Reimagine new mechanisms and narratives—safe harbors—where China and the United States can continue to leverage their collective expertise for the global public good.'

Steve Davis, a member of the Council on Foreign Relations and a Stanford Graduate School of Business lecturer, wrote in a commentary on the Center for Strategic and International Studies (CSIS) website that in an era marked by enduring U.S.-China geopolitical rivalry, a joint initiative by the CSIS and the Brookings Institution seeks to expand collaborative opportunities between the two nations.