Treasury Secretary Janet Yellen, in a second letter with an alarmist tone to House Speaker Kevin McCarthy and other congressional leaders, reiterated her confidence
Debt ceiling negotiations are still under way as a possible default inches closer to the estimated deadline of June 1. Biden hopes the debt ceiling
On Friday House Speaker Kevin McCarthy said it’s time to “pause” negotiations on the debt limit; there are “real differences,” said a White House official.
During debt ceiling negotiations on Tuesday, President Joe Biden rejected any changes to the Inflation Reduction Act. The White House is considering a cap on future
After Tuesday’s debt ceiling summit at the White House, President Biden said the meeting was “productive.” He said, “I made it clear during our meeting
President Joe Biden and House Speaker Kevin McCarthy (R-CA) will face off at a 4 p.m. Eastern time (2000 GMT) Oval Office session today on
As Republicans and the White House cannot agree on raising the debt ceiling, talks of invoking the 14th Amendment have been presented. This would allow
Pacific Western Bank confirmed on Thursday that it is reviewing “strategic options” and has been approached by potential investors. California-based PacWest Bancorp holding company, owner
On Wednesday the Federal Reserve, in a unanimous decision, increased interest rates by a quarter of a point putting the benchmark federal funds rate at
On Wednesday Bloomberg reported that PacWest Bancorp is considering a sale or other options. The California-based bank has not begun an official process for auction,
Managing director of the International Monetary Fund (IMF) Kristalina Georgieva warns against a widespread adoption of central bank digital currencies (CBDC) without considering potential risk
White House Press Secretary Karine Jean-Pierre has clarified that President Biden will not negotiate on the debt ceiling during a scheduled May 9 meeting with
On Monday new mortgage rules under the Biden administration went into effect which could increase fees for borrowers with good credit scores to offset costs
President Biden is set to meet with Congressional leaders on May 9 to discuss how the U.S. will avoid running out of money after Treasury
Experts say the acquisition of First Republic Bank by JPMorgan Chase is an indication of increasing consolidation in U.S. banking in which large banks become
Treasury Secretary Janet Yellen has informed Congress that the U.S. could reach its debt limit as soon as June 1 if the debt limit is
J.P. Morgan Chase said on Monday it will buy most of First Republic Bank’s assets after regulators seized the lender over the weekend, the third
The fate of failing First Republic Bank is still unknown and while the The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal
A U.S. Commerce Department report estimates that the U.S. economy has slowed to a crawl at 1.1%. The slowed growth is a result of the
House Speaker Kevin McCarthy (R-CA) and his leadership team made several concessions to secure enough votes to pass the Limit, Save, and Grow Act —
Justin Haskins, director of the Socialism Research Center at The Heartland Institute, describes what he believes is the Biden Administration’s goal of replacing America’s currency
President Joe Biden announced his official bid for the 2024 presidential race in a video posted early Tuesday. He confirmed V.P. Kamala Harris will again
The Internal Revenue Service (IRS) said it would prioritize and ramp-up enforcement in the area of digital asset transactions and listed transactions. In a recently
Job growth in the U.S. private sector added 145,000 jobs in March, much lower than the expected 200,000 and far less than the 261,000 jobs
On Thursday in an interview with CNN, former Vice President Mike Pence weighed in on former President Trump’s indictment, saying, “the media’s obsession about these
A study revealed that 80 percent of jobs in the U.S. will be affected by artificial intelligence (AI) systems such as ChatGPT (generative pre-trained transformer)
Pollster John McLaughlin says that after Manhattan District Attorney Alvin Bragg pushed for an indictment of former President Donald Trump, Trump’s poll numbers have “exploded”
On Monday shares of Credit Suisse fell 60 percent, a day after rival UBS acquired the troubled bank at a lowball price of 3 billion
Credit Suisse, Switzerland’s second biggest lender, announced it would borrow up to 50 billion Swiss francs, equivalent to $53.68 billion, from the Swiss National Bank
Meta, the parent of Facebook, has announced that it plans to eliminate another 10,000 jobs in a second-round of layoffs in the last six months.
On Wednesday Credit Suisse lost nearly 25% of its value, plunging to a new record low. The Swiss bank’s largest investor, Saudi National Bank (SNB),
Moody’s Investor Service, one of three major rating entities, has downgraded the U.S. banking system from “stable” to “negative.” Following the most significant bank failure
New York-based Signature Bank (SBNY.O) was closed by state regulators on Sunday, only two days after Silicon Valley Bank (SVB) collapsed. Signature Bank’s failure was
In just 48 hours the banking sector has experienced the collapse of two major U.S. banks — Silicon Valley Bank (SVB) and Silvergate. SVB serviced
Investigative reporter Paul Sperry, a New York Post columnist and veteran Hoover Institute media fellow, discovered a connection between Biden’s treasury secretary Janet Yellen and
The collapse of Silicon Valley Bank (SVB) has resulted in problems for Chinese funds and tech start-ups that used the bank as a funding bridge
CEO of Silicon Valley Bank (SVB) Greg Becker sold $3.6 million in shares of the bank’s parent company on February 27, just weeks before SVB
President Biden defended the U.S. banking system’s stability after the collapse of Silicon Valley Bank. While the impacted depositors will have their money guaranteed, Biden
Today the California Department of Financial Protection and Innovation closed Silicon Valley Bank (SVB), Santa Clara, California, and appointed the Federal Deposit Insurance Corporation (FDIC)
A new disbursement of U.S. military aid for Ukraine in the amount of $400 million is expected to be approved Friday. The total in taxpayer
The U.S. housing market has suffered its largest drop since 2008, losing almost $2.3 trillion or 4.9% in home values, according to a new report
As the H5N1 strain of avian flu continues to spread, infecting nearly 60 million poultry and over 6,000 wild birds according to the latest numbers
The Biden Administration announced it will sell another 26 million barrels of oil from the Strategic Petroleum Reserve (SPR) in an apparent effort to forestall
The Biden Administration has put a 20-year mining ban over 225,000 acres in Northern Minnesota’s Iron Range which includes the Twin Metals mine that supplies
An egg farm in Bozrah, Connecticut, was plagued with a three-alarm fire that took 4.5 hours to extinguish and over 100 firefighters from at least
California lawmakers introduced a bill that would impose a worldwide wealth tax on wealthy individuals even after they leave the state. The Democrat-introduced legislation would
The White House announced it is planning to protect renters by setting up limits on rate hikes. Critics say Biden’s one-size-fits-all measures makes changes for
Goldman Sachs informed its clients that it expects house values to plummet in four cities across the U.S. The investment institution foresees that San Jose,
The White House declared that rigorous oversight will be implemented for the billions sent to aid Ukraine after a controversial corruption scandal that caused a
Energy Secretary Jennifer Granholm said that President Biden would veto GOP House Bill H.R. 21 called the Strategic Production Response Act, which would limit his
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