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St. Louis County Council passes budget amid warnings about shrinking reserves

3 years 1 month ago
The St. Louis County Council on Tuesday passed bills that comprise roughly a $1 billion budget for 2023, while policymakers warn of threats to key reserve funds. To complete the budget, the council tapped the county's reserve funds to help cover a $40 million deficit, St. Louis Public Radio reports. Policymakers are warning that elected officials need to find a way to close the deficit, which threatens to eventually exhaust the county's reserve funding, according to the report. By year's end, St.…
Diana Barr

FTX failure divides lawmakers on how tough to get with crypto regulation

3 years 1 month ago

Members of a U.S. House committee disagreed at a Tuesday hearing about whether more aggressive federal regulation would have protected customers from the collapse of cryptocurrency firm FTX and the alleged fraud of its founder, Samuel Bankman-Fried. Lawmakers at the four-hour House Financial Services Committee hearing appeared to view the unfolding scandal around Bankman-Fried, arrested […]

The post FTX failure divides lawmakers on how tough to get with crypto regulation appeared first on Missouri Independent.

Jacob Fischler