FTX CEO blames 'grossly inexperienced' owners for collapse, says customer money funded risky Alameda trades
FTX CEO John Ray III told House lawmakers that the "grossly inexperienced and unsophisticated individuals" running the company had absolute control over customers' funds, which they lost.
Dem, GOP reps react to timing of Bankman-Fried arrest right before House hearing: 'It's very frustrating'
Members of Congress from both parties were upset that Samuel Bankman-Fried was arrested less than 24 hours before he was supposed to give testimony before a House committee.
FTX founder Sam Bankman-Fried issued himself loans using company money: CEO
FTX CEO John Ray testified Tuesday that founder Sam Bankman-Fried issued himself loans using company money, part of more than $1 billion in loan disbursements to "insiders," Ray said.
Stuart Varney: Sam Bankman-Fried built a house of cards using customer funds like his personal piggy bank
FOX Business' Stuart Varney discusses the arrest of FTX founder Sam Bankman-Fried as he was expected to testify on the collapse of the cryptocurrency exchange company
FTX CEO blames 'grossly inexperienced and unsophisticated individuals' for collapse
FTX CEO John Ray testified Tuesday before the House Financial Services Committee, blaming "grossly inexperienced and unsophisticated individuals" like founder Sam Bankman-Fried.
Biden moving jobs overseas to 'satisfy environmental left': Sen. Bill Cassidy
Sen. Bill Cassidy, R-La., discusses Biden's efforts to fund overseas mining projects, ESG push leading to layoffs at an Illinois Jeep plant and the administration's energy policies.
What Sam Bankman-Fried's arrest means for the FTX House hearing
Rep. Barry Loudermilk, R-Ga., discusses Sam Bankman-Fried's arrest and the House GOP pushing for a Twitter investigation amid release of the 'Twitter files.'
Senators slam Sam Bankman-Fried for refusing to testify before banking panel on FTX collapse
Senators Sherrod Brown and Pat Toomey said ex-FTX CEO Sam Bankman-Fried declined to testify at a committee hearing in "an unprecedented abdication of accountability."
Can inflation return to pre-pandemic levels under Biden administration?
Florida Rep. Kat Cammack and former Trump economic adviser Steve Moore discuss inflation and Arizona Sen. Kyrsten Sinema's departure from the Democratic Party on 'The Evening Edit.'
Elon Musk should relocate Twitter to Florida where it is 'welcome': Rep. Giménez
Rep. Carlos Giménez is asking Elon Musk to move Twitter to Florida where the company will be welcomed into the Miami-Dade County with "open arms."
Republicans face 'messy food fight' over concession on House rules: Phil Wegmann
Real Clear Politics reporter Phil Wegmann argues the GOP is a 'long way' from delivering what they promised to voters during the midterm elections.
Biden faces bipartisan calls to visit the border as Title 42 set to expire
National Border Patrol Council President Brandon Judd discusses Biden's handling of the border and the end of the administration's Title 42 immigration policy.
Congress signals hopeful sign of avoiding government shutdown
Fox News senior congressional correspondent Chad Pergram reports from Capitol Hill, where Senate Democrats want to pass an omnibus bill to carry through next fall.
'Twitter files' shows impact elites have: Sen. Marsha Blackburn
Sen. Marsha Blackburn, R-Tenn., discusses the latest installment of the 'Twitter Files.'
Rep. Nancy Mace: We do all of these investigations and then nothing happens
Rep. Nancy Mace, R-S.C., discusses Rep. Ro Khanna backing hearings into Twitter censoring the Hunter Biden laptop story and the origins of COVID-19.
FTX hearing, Fed decision, consumer inflation top week ahead
FTX's Sam Bankman-Fried is expected to testify before Congress, consumer inflation may remain elevated and Delta to deliver investor update.
JPMorgan Chase CEO Jamie Dimon: Government default would be ‘catastrophic’ ahead of funding deadline
Jamie Dimon said that Republicans and Democrats should address the debt ceiling now rather than risk a showdown later as they continue working to avoid a government shutdown.
House approves defense bill, repealing US military vaccine mandate
Fox News congressional correspondent Chad Pergram has the latest on the approved military spending bill that will lift the mandate requiring troops to receive the COVID-19 vaccine on 'The Evening Edit.'
Pro-business group launches seven-figure ad campaign blasting proposed credit card reward points 'ban'
A GOP pro-business group is pushing back on an attempt by Congress to "ban" credit card reward points with a massive ad campaign to highlight the proposal's effect on hotels and businesses.
Congress needs to 'say no' to 'bad' policies: Rep. Adrian Smith
Rep. Adrian Smith, R-Neb., joins 'Cavuto: Coast to Coast' to discuss the potential government shutdown, Rep. Kevin McCarthy's bid for House speaker, and tax policies.