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Democrats are banging a gong about the need for greater regulation of the U.S. financial sector following the combined public and private-sector rescue of California-based First Republic Bank. The San Francisco-based regional powerhouse is the third major U.S. bank to fail and prompt a government-administered bailout of depositors following the collapse of Silicon Valley Bank…
The Supreme Court on Monday announced it will hear a case that could significantly scale back federal agencies’ authority, with major implications for the future of environmental and other regulations. The justices next term will consider whether to overturn a decades-old precedent that grants agencies deference when Congress left ambiguity in a statute. Named for…
Sen. Tim Scott (R-S.C.) teased an announcement for May 22 during a town hall on Sunday, widely speculated to be the official launch of his presidential campaign. “On May the 22nd in North Charleston, South Carolina, it is time to make the final step,” Scott told supporters in Charleston, S.C. “Please tell your friends, be…
Sen. Ted Cruz (R-Texas) on Sunday argued that the scrutiny on Supreme Court Justice Clarence Thomas over his financial disclosures is a “political smear job” as lawmakers push to shore up the court’s ethics standards. “They’re not looking at any other judges. This is a political smear job directed at Clarence Thomas, because he is an extraordinary constitutionalist,”…
In an arid pocket of Arizona’s rural southwest, thirsty tufts of alfalfa are guzzling unlimited amounts of groundwater — only to become fodder for dairy cows some 8,000 miles east. This Sonoran Desert field of green, cultivated by a Saudi Arabian dairy giant, has become a flashpoint among residents, who resent the Middle Eastern company’s…
Sen. Bernie Sanders (I-Vt.) on Sunday said President Biden, who kicked off his reelection campaign last week, could “win in a landslide” in 2024. Sanders, who ran against Biden in the 2020 race, said it’s “no great secret” that he and the president “have strong differences of opinion,” but stressed that he thinks Biden is…
Comedian Roy Wood, Jr. packed his White House Correspondents’ Association (WHCA) dinner punchlines with barbs aimed at President Biden and the “king of scandals” former President Trump, while also roasting Tucker Carlson, Don Lemon and GOP lawmakers including Rep. George Santos (N.Y.). But, he struck a serious tone when saying much of the public can’t…
Former Speaker Nancy Pelosi (D-Calif.) reflected on the “dangerous” nature of her surprise visit to Ukraine last year, a little over two months into its war with Russia, in a recent interview with The Associated Press. “It was dangerous,” she told the AP. “We never feared about it, but we thought we could die because…
Democrats are rebuilding their strength in the “blue wall” states that former President Trump won in 2016, raising the party’s hopes in a region that will prove critical to races up and down the ballot next year. The party is riding high after key victories in states like Michigan, Pennsylvania and Wisconsin over the past…
Beleaguered bank First Republic is now facing buyout bids after the Federal Deposit Insurance Corporation sought to arrange suitors Saturday following a hollowing out of the bank’s share price amid several weeks of market turmoil, multiple outlets reported. First Republic Bank is the latest financial institution to come under stress following the second- and third-largest…