#No ‘appetite’: Lawmakers in consensus on opposing potential Silicon Valley Bank bailout

#No ‘appetite’: Lawmakers in consensus on opposing potential Silicon Valley Bank bailout

No ‘appetite’: Lawmakers in consensus on opposing potential Silicon Valley Bank bailout In a rare show of consensus, congressional lawmakers from both parties on Sunday said they would oppose any potential bailout options for Silicon Valley Bank, which collapsed on Friday in the largest bank failure since the 2008 financial crisis. Treasury Secretary Janet Yellen…

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# Derivatives data highlights crypto traders’ positive sentiment and belief in further upside

# Derivatives data highlights crypto traders’ positive sentiment and belief in further upside

” Derivatives data highlights crypto traders’ positive sentiment and belief in further upside “ The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel’s upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more…

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#How the US could respond if China gives lethal aid to Russia

#How the US could respond if China gives lethal aid to Russia

How the US could respond if China gives lethal aid to Russia The U.S. could enact strict economic sanctions against China should it support Russia’s war in Ukraine with weapons and munitions. Washington has already issued several warnings to deter Beijing from taking the course. The Pentagon, Treasury Secretary Janet Yellen, Secretary of State Antony Blinken and U.S….

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#What recession? Inflation, GDP offer hope for ‘soft landing’

#What recession? Inflation, GDP offer hope for ‘soft landing’

What recession? Inflation, GDP offer hope for ‘soft landing’ Perhaps a 2023 recession can be avoided after all. Consistently falling prices alongside a stronger-than-expected fourth-quarter gross domestic product (GDP) and next week’s anticipated less aggressive interest rate hike from the Federal Reserve are changing economists’ tune and renewing hopes about the overall health of the…

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#McConnell: US ‘never will’ default on its debt

#McConnell: US ‘never will’ default on its debt

McConnell: US ‘never will’ default on its debt Senate Minority Leader Mitch McConnell (R-Ky.) said Thursday he is confident that the U.S. will never default on its debt and that he is not concerned a financial crisis could be on the horizon.  McConnell told reporters in his home state that while the push to raise…

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#Treasury resorts to ‘extraordinary measures’ after US hits debt limit

#Treasury resorts to ‘extraordinary measures’ after US hits debt limit

Treasury resorts to ‘extraordinary measures’ after US hits debt limit Treasury Secretary Janet Yellen on Thursday notified congressional leaders that her office will begin to implement “extraordinary measures” to keep the U.S. government from defaulting on its debt. The nation’s debt climbed to more than $31.4 trillion this week, federal financial data shows, crossing the threshold set by…

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