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Biden, divided Congress seek common ground on health care reforms President Biden’s budget proposal includes ambitious measures seeking to bring down health care costs, but the divided government poses a steep challenge to these proposals, and lawmakers have yet to indicate where they’re willing to come together. Biden’s budget proposes increasing discretionary funding for the…
Trump attorney ordered to testify in Mar-a-Lago documents probe A federal judge ordered Trump attorney Evan Corcoran to testify before the grand jury assembled to review the mishandling of White House records at Mar-a-Lago, multiple outlets reported Friday. In a sealed ruling from U.S. District Court Judge Beryl Howell, she found sufficient evidence that Corcoran’s…
Banking executives sold millions in stock before crash: WSJ Executives at First Republic Bank sold company’s stock worth millions of dollars in the months before this week’s crash, according to The Wall Street Journal. The banking executives sold $11.8 million worth of stock in the company over the last two months, with First Republic Executive Chairman…
New Jan. 6 footage shows Grassley just feet away from rioters, Chansley Newly released footage from the Jan. 6, 2021, attack on the Capitol shows Sen. Chuck Grassley (R-Iowa) just feet away from rioters, including the now infamous “QAnon Shaman.” The senator, who was third in line for the presidency at the time, can be…
Sen. Cassidy to Yellen at hearing: ‘That’s a lie’ Sen. Bill Cassidy (R-La.) abruptly cut off Treasury Secretary Janet Yellen at a hearing Thursday and declared, “That’s a lie,” when Yellen said that President Biden is ready to work with Congress on reforming Social Security. “What, doesn’t the president care?” Cassidy asked during a…
First Republic Bank getting bailed out by large banks in $30 billion plan First Republic Bank has reached an agreement with some of the largest U.S. banks to stabilize its balance sheet in the aftermath of the Silicon Valley Bank collapse, federal regulators said Thursday. The San Francisco-based bank will receive $30 billion in deposits…
US, Russia on the hunt for downed drone Both the U.S. and Russia have signaled an interest in hunting for an advanced, $32 million drone downed over the Black Sea on Tuesday, but the search is complicated by the fact the unmanned aerial aircraft plunged into deep water near Crimea. The U.S. will also face serious…
‘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…
Banking wrap-up: What you need to know about the sector’s turmoil Markets plummeted Wednesday as the financial sector took a double hit from the continuing fallout from the Silicon Valley Bank (SVB) collapse and the worries over the health of Europe’s second largest bank, Credit Suisse, which appealed to the Swiss government for help. The…
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…