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‘Unfortunate and wrong’: Angry taxpayers respond to latest bank bailouts The alacritous rescue of depositors at Silicon Valley Bank (SVB) and Signature Bank by the federal government over the weekend is getting a cynical and frustrated response from taxpayers. Many of the people who The Hill spoke to for this article are nervous that the…
Nastiest primary yet? Trump raises question with DeSantis attack Former President Donald Trump on Monday opened the door on what might be the nastiest primary fight yet, lashing out at acolyte-turned rival Ron DeSantis, the governor of Florida who is widely seen as his most powerful rival for the 2024 Republican presidential nomination. Eight years…
The Hill’s Morning Report — Regulators, no lawmakers, likely to act after SVB failure Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics…
Five things to know about the Silicon Valley Bank takeover The federal government took over Silicon Valley Bank (SVB) over the weekend and announced it would insure 100 percent of deposits in a bank that caters to venture capitalists and high-tech startups. The Treasury Department announced Sunday night that the Federal Deposit Insurance Corporation (FDIC)…
Silicon Valley Bank depositors will have access to all funds starting Monday: fed agencies Silicon Valley Bank customers will be able to access all of their funds starting on Monday, federal agencies said in a statement released on Sunday. “Depositors will have access to all of their money starting Monday, March 13. No losses associated…
Congress, Biden split on designating Wagner group as terrorist organization A fight is brewing between Congress and President Biden over whether to designate as a terrorist organization the private Russian military company Wagner, which is on the front lines of aggression against Ukraine and accused of heinous atrocities there and across the world. While the…