Top financial regulators faced tough questions and even fielded blame from senators Tuesday, March 28 over the collapses of Silicon Valley Bank and Signature Bank. In a Senate banking committee hearing, representatives from the Federal Reserve, Treasury and Federal Deposit Insurance Corporation defended regulator actions that allowed the banks to fail while issuing a government-backed…

According to Special Presidential Envoy for Climate John Kerry, President Joe Biden plans to issue executive orders and climate mandates to reach his goal of reducing emissions by 50% by 2030. In an interview with Yahoo News, Kerry said the executive orders and climate mandates are in addition to the Inflation Reduction Act, which aims…

The failures of Silicon Valley Bank and Signature bank have set off the blame game in the tech industry, the banking industry, and Congress. Some say there weren’t enough regulations. Others say there were plenty, but regulators just didn’t act on reports of a liquidity crisis at SVB. Cryptocurrency advocates say centralized banking was to blame.…

TikTok’s chief executive, Shou Zi Chew, is slated to testify before Congress on March 23 in response to the Biden administration’s threat to ban the popular app if its Chinese owners don’t sell their stakes in it. Mr. Chew is expected to tell lawmakers that banning the app won’t resolve U.S. concerns that user data…

A new, legal form of execution is coming for death row inmates in Idaho. Death by firing squad will be an option in the state when lethal injections aren’t available and will be considered a last resort.  The state Senate passed the legislation Monday with a veto-proof majority, weeks after the state House did the…

The burden of the recent failures at Silicon Valley Bank and Signature Bank will not fall on American taxpayers, according to President Joe Biden, promising “the money will come from the fees that banks pay into the Deposit Insurance Fund.” Biden also said his administration is investigating how the banking collapse happened in the first…

There is a profound amount of censorship in North Korea. What residents there know about the North and South’s conflict comes directly from their dictator, and anti-American rhetoric is working on North Korea’s people. More than 1.4 million young people have enlisted in North Korea’s military in the last few days, according to state media.…

In keeping with his campaign promise, President Biden announced last August his student debt relief plan targeting specific borrowers with loans held by the U.S. Department of Education. While many liberals praised the plan, there’s been plenty of opposition. In November, two lawsuits succeeded in pausing the plan’s implementation and last month the Supreme Court…

The Senate is on track to repeal the authorizations for the use of military force against Iraq. The bipartisan measure led by Sens. Todd Young, R-Ind., and Tim Kaine, D-Va., will undo AUMFs approved in 1991 and 2002 for the Gulf War and invasion of Iraq.  The sponsors said repealing the AUMFs will not impact…

In the wake of Silicon Valley Bank’s collapse, members of Congress want to make changes to the U.S. banking system. The proposals include protecting consumers from added fees and clawing back executives’ bonuses. The Secure Viable Banking Act First, Sen. Elizabeth Warren, D-Mass., and Rep. Katie Porter, D-Calif., want to reinstate stricter oversight. In 2018,…