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‘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…
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…
Congress, Biden split on designating Wagner group as terrorist organization A fight is brewing between Congress and President Biden over whether to designate as a terrorist organization the private Russian military company Wagner, which is on the front lines of aggression against Ukraine and accused of heinous atrocities there and across the world. While the…
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…
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…
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…
Centrist and liberal Democrats battle over who Biden should be President Biden has been on a good streak with his party’s left flank, but progressives are now fretting about his direction. First, there was Biden’s surprise announcement that he’d sign a GOP resolution disapproving of a Washington, D.C. crime bill that eased some sentencing laws. …
Netanyahu’s judicial reforms have US lawmakers worried about Israeli democracy President Biden and members of Congress are watching with deep concern how Israeli Prime Minister Benjamin Netanyahu moves forward with so-called judicial reforms that have drawn unprecedented opposition on the Israeli street. The reforms have been criticized by opponents as stripping Israel’s Supreme Court of…
Biden’s budget proposes tax hikes on wealthy to reduce deficit, shore up Medicare President Biden outlined a slew of tax hikes on wealthy Americans as an avenue for reducing the deficit and funding key programs like Medicare as he released on Thursday his proposed budget for fiscal year 2024. It gives a glimpse of the policy…
Here’s what to watch for in Biden’s budget Republicans and Democrats alike are bracing for the release of President Biden’s proposed budget for fiscal year 2024, as a fight over the nation’s debt limit begins to heat up on Capitol Hill. While the budget isn’t set for release until Wednesday afternoon, some details have already…