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Lawmakers raked banking regulators at the Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation (FDIC) over the coals during a hearing of the Senate Banking Committee on Tuesday after the agencies failed to act on signs that Silicon Valley Bank (SVB) was in trouble, mobilizing instead to bail out depositors after it had collapsed….
House Democrats are pushing to force votes on tougher gun laws in the wake of Monday’s deadly shooting at a Tennessee elementary school, eyeing a procedural gambit that would bring the legislation to the floor despite the opposition of Republican leaders. At a closed-door meeting of the Democratic Caucus Tuesday morning in the Capitol, Rep….
The Senate on Monday cleared a final procedural hurdle toward repealing two Authorizations for Use of Military Force (AUMF), setting the stage for a final vote on the bill this week. Senators voted 65-28 to end debate on the measure to repeal the 1991 authorization for the U.S. invasion of Kuwait and the 2002 AUMF that…
Bipartisan support to ban TikTok in the U.S is mounting, but carrying out the action will likely be trickier than gaining the political power to enact it. Any action the U.S. takes to try to block TikTok, the video sharing app owned by Chinese-based parent company ByteDance, will still have loopholes for users to access…
House Oversight Chairman James Comer (R-Ky.) said recently that his committee’s investigations into Hunter Biden and his business transactions are just “beginning” as he seeks to create a headache for the White House as President Biden prepares to launch his reelection campaign. Comer and his committee are trying to unveil whether Biden’s son’s business dealings abroad…
Donald Trump is slated to sit for an interview with Fox News host Sean Hannity on Monday, a significant development in the increasingly complicated relationship between the former president and the country’s top-watched cable network. Trump has for weeks relentlessly attacked Fox over its coverage of Florida Gov. Ron DeSantis, who is widely expected to…
A Trump-era holdover central to determining what direction the U.S. financial system is going may be poised to cause political problems for the White House, just as President Joe Biden was enjoying the slightest of improvements in the economy. Federal Reserve Chairman Jerome Powell once again this week opted for an interest rate hike amid his managing historic…
Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important. What is fiscal…
The Chicago mayoral race is emerging as a key test for Democrats on how they handle the hot-button issues of crime and public safety. Two starkly different candidates in the Windy City’s April 4 runoff have offered contrasting approaches over an issue that has been blamed for costing the party control of the House last…
Former President Trump is gearing up to hold his first rally of the 2024 presidential cycle on Saturday as he grapples with a potential indictment. Trump will travel to friendly territory in Waco, Texas, for the campaign event, which is set to be in stark contrast to his campaign’s more low-key events so far this…