A tentative deal in Washington has eased some shutdown fears, but with key votes still pending, crypto, gold and silver are trading through liquidity jitters and foreign policy risk. US Senate leaders and the White House said they have reached a bipartisan framework to avert a partial government shutdown, but the agreement still needs to clear key votes in Congress before funding actually expires. Negotiations had stalled over funding for the Department of Homeland Security and immigration enforcement, with the current stopgap spending bill set to lapse Friday at midnight Eastern Time, leaving lawmakers racing to finalize and vote on the package before the deadline. On Thursday evening, President Donald Trump stated that the “only thing” that could slow down the country was “another long and damaging Government Shutdown.” He said that he was “working hard with Congress” to secure the necessary funding. Read more
US President Donald Trump said it was dangerous for Britain to be getting into business with Beijing, as Prime Minister Keir Starmer lauded the economic benefits of resetting relations with China during a visit there on Friday. As Western leaders reel from Trump’s unpredictability, Starmer is the latest to head to China. In three-hour talks with President Xi Jinping on Thursday, the British leader called for a “more sophisticated relationship” with improved market access, lower tariffs and investment deals while also discussing football and Shakespeare. From left, Zheng Zeguang, Chinese ambassador to to Britain, Ren Hongbin, Chairman of the China Council for the Promotion of International Trade, Britain’s Prime Minister Keir Starmer and Ge Haijia on January 30, 2026. —Reuters In Washington, however, replying to questions about the closer ties, Trump said, “Well, it’s very dangerous for them to do that.” He was speaking to reporters ahead of the premiere of the “Melania” film at the Kennedy Center. He did not ...
Kevin Warsh, seen as a more hawkish Federal Reserve chair pick, previously said Bitcoin could serve as a check on fiscal policy decisions. US President Donald Trump is expected to nominate Bitcoin-friendly Kevin Warsh as the next chair of the Federal Reserve when he announces his pick on Friday. Trump said on Thursday that he will be announcing his pick to replace the central bank’s current chair, Jerome Powell, whose term finishes in May, on Friday morning, with Bloomberg, The Wall Street Journal, and The New York Times reporting that the president is set to announce Warsh as his nomination. Reuters had earlier reported that Trump met with Warsh, who served as a Fed governor from 2006 to 2011, on Thursday, with one person briefed on the discussion saying Warsh impressed the president. Read more
US President Donald Trump's administration is seeking to break a deadlock over crypto market structure legislation as lawmakers remain divided on stablecoin yield. Officials in the administration of US President Donald Trump are reportedly set to sit down with executives from the banking and cryptocurrency industries on Monday as lawmakers attempt to revive the stalled CLARITY Act. People familiar with the matter told Reuters the meeting will be hosted by the White House’s crypto council and will bring together industry trade groups to discuss how the bill treats interest and other rewards offered on dollar-pegged stablecoins. The legislation has been held up in the Senate for months, with a scheduled Banking Committee vote postponed earlier this month amid concerns from lawmakers and industry groups over the stablecoin interest provision. Read more