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Fed hikes rates despite concerns over banking crisis The Federal Reserve hiked interest rates by 0.25 percentage points on Wednesday after numerous failures in the banking sector had prompted some analysts on Wall Street to call for a pause. The quarter-point hike is the ninth consecutive rate increase by the Fed since March of last…
DeSantis expresses confidence he could beat Biden Florida Gov. Ron DeSantis (R) says he can defeat President Biden in a 2024 matchup. In a Monday interview with Piers Morgan, published by The New York Post, the rising Republican star and likely presidential candidate pointed to his winning record in Florida’s 2022 midterm elections to argue…
McCarthy brushes off Trump’s payment to Stormy Daniels as ‘personal money’ Speaker Kevin McCarthy (R-Calif.) on Tuesday said former President Trump’s payment to adult film star Stormy Daniels in 2016 involved “personal money,” an apparent attempt to minimize the Manhattan District Attorney’s investigation into the matter after Trump said he expects to be arrested this…
Why Putin is casting the Ukraine war as a fight for Russia’s survival Russian President Vladimir Putin has increasingly cast the Ukraine war as an epic fight for Russia’s survival, accusing the West of “using Ukraine as a battering ram against Russia and as a testing range.” In his telling, the West started the war,…
House GOP turns knives on Manhattan DA over potential Trump arrest ORLANDO, Fla. — House Republicans are taking aim at Manhattan District Attorney Alvin Bragg (D) as former President Trump teases his own imminent arrest stemming from Bragg’s investigation into hush-money payments ahead of the 2016 election. Republicans are backing up Trump’s outrage about a…
Here’s why the ‘too big to fail’ banks bailed out First Republic A consortium of 11 giant banks that are ostensibly in competition with one another came together Thursday to bail out one of their own, the California-based First Republic, in order to help stabilize the teetering U.S. financial system. The $30 billion transfer to…
The Hill’s Morning Report — Yellen says banking system ‘sound.’ What will Fed do next? 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…
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…
‘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…
In surprise, Trump goes after DeSantis on policy President Trump has gotten increasingly aggressive in attacking Ron DeSantis (R) as the Florida governor inches toward a presidential campaign, posing potentially the biggest threat to date to Trump’s bid for the GOP’s 2024 nomination. While Trump has lobbed plenty of schoolyard taunts and nicknames toward his…