The Biden administration’s decision to allow ConocoPhillips to proceed with its $8 billion North Slope Alaska Willow Project while making the Arctic Ocean off-limits to oil development and banning new leases on 13 million of the National Petroleum Reserve-Alaska’s 23 million acres is drawing criticism from all sides. But don’t count ConocoPhillips among the critics….
Biden Administration Approves Massive Oil Drilling Project in Alaska
White House Press Secretary Karine Jean-Pierre on Her Way Boarding Air Force One (March 13)
White House press secretary Karine Jean-Pierre is on her way boarding Air Force One at 1:30 p.m. ET on March 13 en route to San Diego, California. …
White House Press Secretary Karine Jean-Pierre on Air Force One (March 13)
White House press secretary Karine Jean-Pierre is on Air Force One at 2:30 p.m. ET on March 13 en route to San Diego, California. …
Biden Insists Financial System Is ‘Safe’ Following Failures of SVB, Signature Bank
President Joe Biden on Sunday issued a statement on the failures of Silicon Valley Bank (SVB) and Signature Bank, insisting that the U.S. financial system is “safe” after the Federal Reserve rolled out an emergency lending program to stabilize the banking system. It comes after the Federal Deposit Insurance Corporation (FDIC) expanded its deposit insurance…
Hundreds of Illegal Immigrants Attempt to Storm Border at Texan Port of Entry
Border patrol agents were forced to erect temporary barricades at a port of entry along the southern U.S. border on March 12, as thousands of illegal immigrants tried to enter the country, with hundreds stampeding border officials by force. The stampede incident started at the Paso Del Norte International bridge entry point in El Paso, Texas, around 1.30 p.m. local…
UK’s Independent Nuclear Deterrent Gives Sunak ‘Kudos’ as He Meets Biden in San Diego, Says Expert
The British prime minister has “kudos” that leaders of nations like New Zealand and the Netherlands do not have because the UK possesses an independent nuclear deterrent, according to a British defence analyst. UK Prime Minister Rishi Sunak is meeting U.S. President Joe Biden and Australian Prime Minister Anthony Albanese in the port of San…
Regulators Announce Closure of NY’s Signature Bank, Which Held Significant Crypto Stakes
U.S. regulators on Sunday announced they were closing Signature Bank, marking the second U.S. bank to fail days apart and the third-largest bank failure in U.S. history. According to a December 2022 securities filing, N.Y.-based Signature Bank held more than $110 billion in assets and some of the biggest stakes among banks in the nation in…
House Republicans’ Deregulation Drive Could Be Derailed by Spate of Train Wrecks
House Republicans’ fast-track push for federal regulatory reform could be derailed by a nationwide spate of railroad accidents, including the Feb. 3 Norfolk Southern train wreck in East Palestine, Ohio, that forced hundreds to flee their homes for days in fear that leaking toxic chemicals would explode. With residents exposed to still-undetermined health risks from…
Government Steps In With Plan to Protect All Deposits at Silicon Valley Bank
Banking regulators announced an emergency measure on Sunday to fully protect deposits at Silicon Valley Bank, a critical move in averting a panic over the bank’s collapse. U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have revealed the plan in a joint statement. “Today we are taking decisive actions to protect the…
US Officials Working to Ensure ‘Contagion Can’t Occur’ After SVB Crisis, Yellen Says
Treasury Secretary Janet Yellen on March 12 confirmed that the U.S. government will not bail out Silicon Valley Bank (SVB), but she conceded that officials must prevent a contagion effect in the financial system. Since the collapse of SVB, there have been widespread contagion fears, with some experts warning that this could impact small and…
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