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Biden stresses that Silicon Valley Bank is not getting a bailout President Biden on Monday stressed that Silicon Valley Bank (SVB) will not get a government bailout after regulators seized the assets of the failed bank. “No losses will be — and this is an important for point — no losses will be borne by…
Biden, Democrats applaud ‘decisive action’ to protect Silicon Valley Bank depositors President Biden and Democrat lawmakers praised the “decisive action” by federal financial agencies on Sunday to protect Silicon Valley Bank depositors and shore up the financial system ahead of markets opening on Monday. “The American people and American businesses can have confidence that their…
Biden expected to OK controversial Alaska drilling project Monday The Biden administration is expected to approve a controversial Alaska oil drilling project known as the Willow Project on Monday, a source familiar with the plans told The Hill. ConocoPhillips’s Willow Project would allow for as many as 629,000 barrels of oil to be extracted over…
Biden’s $5 trillion tax gambit catches Congress by surprise President Biden went big in his $6.8 trillion annual budget proposal to Congress by calling for $5 trillion in tax increases over the next decade, more than what lawmakers expected after the president downplayed his tax agenda in earlier meetings. It’s a risky move for the…
Republicans race to outdo each other on education Former President Trump says parents should elect principals and the Department of Justice should be involved in school discipline for troublesome students. Virginia Gov. Glenn Youngkin and South Dakota Gov. Kristi Noem have moved to curtail the teaching of critical race theory. Florida Gov. Ron DeSantis drew…
White House denies reports Biden has decided to sign off on controversial Alaska oil project The Biden administration denied multiple media reports that it will announce its approval next week of a controversial Arctic oil drilling project long opposed by environmentalist and Native American groups. CNN, The New York Times and Bloomberg reported on Friday…
China-brokered Iran-Saudi deal raises red flags for US An agreement struck by Iran and Saudi Arabia on Friday to re-establish relations has shifted concerns back to the state of the U.S. role in the Middle East — especially since the deal was brokered by Washington’s main adversary, China. The diplomatic agreement, reached after four days…
Santos denies organizing alleged credit card scam, claims he did nothing ‘of criminal activity’ Rep. George Santos (R-N.Y.) denied that he has done anything “of criminal activity” on Friday in response to an allegation that he orchestrated a credit card skimming operation in 2017. CNN reported that Santos told reporters he is “innocent” and that…
Cohen to testify before grand jury next week ahead of potential Trump indictment: report Former Trump attorney Michael Cohen will testify before a grand jury in Manhattan next week as New York investigators appear to potentially be close to filing an indictment against the former president. The New York Times reported Friday that people with…
Freedom Caucus chair fires back at Biden: ‘Smear-and-fear campaign’ House Freedom Caucus Chairman Scott Perry (R-Pa.) hit back at President Biden for going after his hard-line group’s spending demands that it announced Friday, accusing the president of misrepresenting its proposals for reducing spending as a condition of raising the debt limit. “I didn’t realize the…