Sheila Bair, former chair of the Federal Deposit Insurance Corporation (FDIC), has criticized the Biden administration’s decision to guarantee all deposits at the failed Silicon Valley Bank (SVB), labeling it an “overreaction.” Bair said during a recent appearance on “The Washington Post Live” series that insuring all deposits at SVB and at the failed Signature…
Former FDIC Chair Speaks Out Against SVB ‘Bailout,’ Says Biden Admin Overreacted
Systemic Credit Crunch Replaces Inflation as Fund Managers’ Top Worry
A systemic credit crunch has overtaken inflation as fund managers’ top fear this month as the biggest risk to the markets, according to a new poll. At least 31 percent of respondents labeled a systemic credit crisis as the most significant threat to markets, followed by 25 percent choosing stubbornly high inflation as the largest…
Undersecretaries Testify to Senate on Recruiting Challenges Facing the Military
The Senate Armed Services Committee holds a hearing on recruiting challenges facing the U.S. military at 9:30 a.m. ET on March 22. The Under Secretary of the Army, Gabriel O. Camarillo; Under Secretary of the Navy, Erik K. Raven; and performing the duties of the Under Secretary of the Air Force, Kristyn E. Jones will…
LIVE 9:30 AM ET: Undersecretaries Testify to Senate on Recruiting Challenges Facing the Military
The Senate Armed Services Committee holds a hearing on recruiting challenges facing the U.S. military at 9:30 a.m. ET on March 22. The Under Secretary of the Army, Gabriel O. Camarillo; Under Secretary of the Navy, Erik K. Raven; and performing the duties of the Under Secretary of the Air Force, Kristyn E. Jones will…
LIVE NOW: Undersecretaries Testify to Senate on Recruiting Challenges Facing the Military
The Senate Armed Services Committee holds a hearing on recruiting challenges facing the U.S. military at 9:30 a.m. ET on March 22. The Under Secretary of the Army, Gabriel O. Camarillo; Under Secretary of the Navy, Erik K. Raven; and performing the duties of the Under Secretary of the Air Force, Kristyn E. Jones will…
Oklahoma Governor Criticizes State Supreme Court’s ‘Activist Majority’ Opinion on Abortion Rights
Gov. Kevin Stitt (R-Okla.) on Tuesday criticized the Oklahoma Supreme Court’s “activist majority” decision to create a limited right to abortion, which he said goes against the will of the people. The court’s 5–4 majority ruling effectively upholds strict anti-abortion laws in place since last year but struck down one law that made abortions illegal…
Crypto Exchange Coinbase Asks Supreme Court to Compel Disgruntled Customers to Pursue Arbitration
An attorney for cryptocurrency exchange Coinbase told the Supreme Court on March 21 that current customer disputes should not move forward in the lower courts while appellate courts have yet to rule on the company’s request to divert those cases to arbitration panels. Coinbase finds itself at the Supreme Court because it prefers the arbitration…
Proposed GOP Legislation to Block Gas Stove Ban Supported by Industry
Republican members of Congress have proposed legislation to preemptively block any proposed rules to ban or heavily restrict gas ovens being sold in the United States by Biden administration officials in the U.S. Department of Energy. The legislation comes as the Consumer Product Safety Commission (CPSC) made a formal request for information about the health…
GOP Panel Chair Demands Action to Fix ‘Dire’ Border Situation
ORLANDO, Fla.—House Republicans will redouble their efforts this spring and summer to convince the Democrat-held Senate to adopt eight proposed immigration reform measures that are matriculating through the lower chamber, two key GOP committee chairs affirmed March 20. While that’s not necessarily breaking news, Homeland Security Committee Chair Rep. Mark Green (R-Tenn.) and Judiciary Committee…
DOJ Asks SCOTUS to Quickly Restore Ban on Guns in Domestic Violence Cases
The Biden administration formally asked the Supreme Court to review an appeals court ruling that invalidated a federal law that bars people under domestic violence-related restraining orders from possessing firearms. U.S. Solicitor General Elizabeth Prelogar filed the new petition (pdf) in United States v. Rahimi, court file 22-915, which was docketed by the Supreme Court…
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