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Here’s who is paying to restore Silicon Valley, Signature Bank deposits The federal government mobilized immediately in response to the collapse of Silicon Valley Bank (SVB) and Signature Bank, working over the weekend to insure depositors who had more than $200 billion of venture capital and high-tech start-up money stored in the two banks. But…
Trump heads to Iowa under shadow of possible NY indictment Former President Donald Trump is set to return to Iowa Monday evening, signaling a determination to trudge forward with his 2024 White House campaign in the face of a possible criminal indictment. Trump will deliver an address on education policy in Davenport just days after…
The Hill’s Morning Report — Government scrambles to help struggling banks 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 politics and policy. Direct…
‘Hyper-partisan’ politicians get four times the news coverage of bipartisan colleagues The most partisan member of Congress, Marjorie Taylor Greene, generated nearly 10 times as much press coverage in the 2022 election cycle as the least partisan member, Don Bacon, according to a new study of “hyper-partisan” politics. Greene, a Republican representative from Georgia, appeared…
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…
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…
McCarthy says he will ‘slowly roll out’ Jan. 6 tapes to other news agencies Speaker Kevin McCarthy (R-Calif.) said on Sunday that he will begin to “slowly roll out” access to official tapes from the Jan. 6, 2021, insurrection to other news outlets, after he faced criticism for giving Fox News host Tucker Carlson an…
Pence says Jan. 6 was ‘disgrace’ and ‘history will hold Trump accountable’ Former Vice President Mike Pence said late Saturday that “history will hold Donald Trump accountable” for the events of Jan. 6, 2021, levying harsh criticism on the former president as Pence mulls a 2024 White House bid. “President Trump was wrong,” Pence said…
Freedom Caucus lays out spending cut demands for debt limit Members of the House Freedom Caucus on Friday presented a set of spending cuts and budget proposals they want as a condition of even considering voting in favor of raising the debt ceiling, laying down one of the first markers in the House Republican Conference for…