Executive Branch
Big Tech and Government Collusion Has Created ‘Censorship Industrial Complex,’ Republicans Say
House Republicans said in a March 30 hearing said that collusion between Big Tech and the government amounts to a “censorship industrial complex.” The hearing, the second round for Republicans’ Select Subcommittee on the Weaponization of the Federal Government, featured witnesses including Sen. Eric Schmitt (R-Mo.), Louisiana Attorney General Jeff Landry, and D. John Sauer, former […]
White House Quiet on IRS Agent’s Visit to Home of ‘Twitter Files’ Journalist Matt Taibbi
The White House on Wednesday remained silent when asked whether a visit by an IRS agent to “Twitter Files” journalist Matt Taibbi’s home on the day he was testifying in Congress on government abuse of power was politically motivated. Taibbi, who’s been a journalist for decades, was one of several reporters to be granted exclusive […]
House Judiciary Subcommittee Hearing on ‘The Weaponization of the Federal Government’
The House Judiciary Select Subcommittee on the Weaponization of the Federal Government holds a hearing on the “Missouri v. Biden” U.S. Supreme Court case at 9:00 a.m. ET March 30, with testimony from Sen. Eric Schmitt (R-Mo.); Louisiana Attorney General Jeff Landry, and Special Assistant Attorney General D. John Sauer.
29 Dems Join GOP in House Vote to Block Biden Admin From Limiting Access to Gas Stoves
U.S. House lawmakers voted in support of an energy bill amendment that would prevent the Department of Energy from introducing energy efficiency standards that could outlaw most gas stoves on the market today. More than a dozen Democrats joined Republicans in supporting the measure, part of a Republican-led pro-fossil-fuel legislative package H.R. 1, also referred to as the […]
Energy Costs and Biden Policies Focus of Congressional Hearing
Rep. Lauren Boebert (R-Colo.) and Mark Paul, assistant professor of economics at Rutgers University, discuss the correlation between the high cost of energy and what critics call questionable legislation during a House Oversight Committee hearing.
Senate Votes to Repeal Biden Regulation of US Waters, Wetlands
The Senate passed a resolution on March 29, 53–43, to repeal a Biden administration regulation of U.S. waters and wetlands. The disapproval resolution passed the House on March 9, 227–198. It was passed in accordance with the Congressional Review Act, which allows Congress to strike down regulations within 60 days of passage. However, President Joe […]
Garland Says FBI Needs Spying Powers to ‘Fight the Chinese’
Attorney General Merrick Garland defended the FBI’s usage of the Foreign Intelligence Surveillance Act (FISA), saying that the surveillance apparatus is critical to “fight the Chinese.” Garland made the comments during a March 29 appearance before the House Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies. He came to Capitol Hill to discuss the […]
US Sanctions 5 Chinese Firms Allegedly Involved in Uyghur Repression
The United States has sanctioned five Chinese companies over their alleged role in the repression of the Uyghur Muslim minority in China’s Xinjiang region, the U.S. Commerce Department said on March 28. The companies were accused of implicating human rights abuses in “China’s campaign of repression, arbitrary mass detention and high-technology surveillance against the Uyghur […]
Netanyahu Rejects Pressure From Biden to Halt Judicial Reform
HAIFA, Israel—Israeli Prime Minister, Benjamin Netanyahu rejected pressure from U.S. President Joe Biden on Wednesday to halt the judicial reform that has sparked massive protests across the country. Israel is a sovereign country that makes its decisions according to the will of its people and not based on pressure from abroad, “including from the best of […]
House Oversight Committee’s Hearing on How Biden’s Policies ‘Catalyzed Global Energy Scarcity’
The House Oversight and Accountability Economic Growth, Energy Policy, and Regulatory Affairs Subcommittee holds a hearing on “Fueling Unaffordability: How the Biden Administration’s Policies Catalyzed Global Energy Scarcity and Compounded Inflation” at 2:00 p.m. ET on March 29. American Consumer Institute Center for Citizen Research Director for Energy, Trade, and Environmental Policy Oliver McPherson-Smith; Independent […]
US Halts Nuclear Arsenal Information Exchange With Russia
The United States has halted the exchange of key information on its nuclear arsenal with Russia, citing Moscow’s decision to suspend its participation in the New START treaty. The United States had offered to continue providing biannual nuclear weapons data with Russia under the faltering New START treaty even after Moscow suspended its participation in […]
HHS Secretary Announces Major Directional Shift in Federal Health Policy
Federally funded health programs will undergo a major philosophical shift in 2024, moving from an illness-care strategy to providing wellness care, according to U.S. Secretary of Health and Human Services Xavier Becerra. The secretary touted the change while presenting President Joe Biden’s $1.8 trillion HHS budget proposal to the House Ways and Means Committee on […]
House GOP Subpoenas Blinken for Key Documents on Afghanistan Withdrawal
The House Foreign Affairs Committee has signed a subpoena for Secretary of State Antony Blinken to obtain a July 2021 Dissent Channel cable and the Secretary’s response. Chairman Michael McCaul (R-Texas) requested the cable that is believed to have warned the administration of a lack of proper preparation for President Joe Biden’s unilateral decision to […]
Biden Activates Defense Production Act to Boost Circuit Board Manufacturing
President Joe Biden has applied the Defense Powers Act (DPA) to two components used in the manufacture of virtually all electronic devices, protecting the country’s ability to control its supply of electronic materials and equipment. Biden signed a presidential directive that includes printed circuit boards and advanced packaging under Executive Order 14017, “America’s Supply Chains,” […]
White House Urged Meta to Censor WhatsApp Messages to Combat Vaccine Hesitancy
President Joe Biden’s administration pressured Meta to restrict messages on WhatsApp, according to newly disclosed emails. Rob Flaherty, an assistant to the president, messaged Meta executives in March 2021 to ask about how the company was working to reduce “harm,” one of the emails shows. “On Whatsapp, which I may seem like I’m playing gotcha, […]
House Energy Subcommittee Holds Hearing on ‘Government Response to East Palestine’
The U.S. House Energy and Commerce Subcommittee on Environment, Manufacturing, and Critical Materials holds a hearing at 10:00 a.m. ET on March 28 on “Government Response to East Palestine: Ensuring Safety and Transparency for the Community.”
Congressional-Executive Commission on China Hold Hearing on Combating CCP’s Cultural Erasure
The Congressional-Executive Commission on China, a U.S. legislature and administration joint commission to monitor China’s human rights violations, holds a hearing at 10 a.m. ET March 28 on preserving Tibetan linguistic, religious, and cultural heritage in the face of the threat from the Chinese Communist Party. Penpa Tsering and Sikyong of the Central Tibetan Administration; Richard […]
LIVE: Senate Committee Holds Hearing on Silicon Valley Bank Collapse
The Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg; Federal Reserve Board Vice Chairman for Supervision Michael Barr; and Under Secretary of the Treasury for Domestic Finance Nellie Liang testify on the “Recent Bank Failures and the Federal Regulatory Response” in a hybrid hearing by U.S. Senate Bank Committee at 10:00 a.m. ET on March […]
John Kerry Says New Climate Change Executive Orders Are Coming
President Joe Biden is preparing a series of new executive orders to address climate change, according to recent comments by his special envoy on climate-related issues, John Kerry. Kerry discussed the Biden administration’s plans for reducing U.S. emissions during an interview with Yahoo News Senior Climate Editor Ben Adler on Friday. Adler noted that the […]
Biden Administration Hit With Class-Action Lawsuit Over Pressuring Big Tech to Censor Users
President Joe Biden’s administration has been hit with a class-action lawsuit over how the president and other top officials pressured Big Tech to censor users. Lawyer Robert F. Kennedy Jr., his group Children’s Health Defense, and Louisiana resident Connie Sampognaro brought the suit in U.S. court in Louisiana against Biden and top officials like Surgeon […]
Biden’s FAA Nominee Withdraws After Debate Over His Qualifications
Phillip Washington, who was President Joe Biden’s choice to lead the Federal Aviation Administration (FAA), withdrew his name from consideration over the weekend amid questions from lawmakers about his level of aviation experience going into the job. Transportation Secretary Pete Buttigieg referenced Washington’s decision to withdraw his name in a message posted on Twitter on Saturday […]
US Urges Israeli Leaders to Find Compromise Amid Political Turmoil
The U.S. National Security Council spokesperson Adrienne Watson expressed deep concern over the recent developments in Israel in the wake of protests following the firing of the country’s defense minister and proposed changes to its judicial system. In a statement released by the White House on March 26, Watson encouraged Israeli Prime Minister Benjamin Netanyahu […]
Federal ‘Major Disaster’ Declared in Mississippi After Dozens Killed by Tornadoes
President Joe Biden on Sunday issued a major disaster declaration in Mississippi after tornadoes left dozens of people dead, according to a White House statement. Biden early on Sunday “declared that a major disaster exists in the State of Mississippi and ordered Federal aid to supplement State, tribal, and local recovery efforts in the areas […]
Daunting Recovery Underway in Tornado-Devastated Mississippi
ROLLING FORK, Miss.—Help began pouring into one of the poorest regions of the United States after a deadly tornado wrought a path of destruction in the Mississippi Delta, even as furious new storms Sunday struck Georgia, where two tigers briefly escaped their badly damaged safari park. At least 25 people were killed and dozens of […]
Biden Says Deposits Are Safe, US Banks in ‘Pretty Good Shape’
OTTAWA, Canada—President Joe Biden on Friday praised his administration’s management of the recent banking crisis, saying that the banks are in good shape but that it will take some time for markets to settle down. “I think we’ve done a pretty … good job. People’s savings are secure,” Biden said during a press conference in […]
‘We’re Lucky We Have Canada,’ Biden Says as Bilateral Meetings With Trudeau Begin
President Joe Biden arrived in Ottawa on March 24 for bilateral meetings with Canadian Prime Minister Justin Trudeau. It marks Biden’s first visit to Canada as president. Trudeau said before the two leaders entered their first meeting, “Obviously, we’ve been working closely together over the past few years on how to build strong economies for […]
Trade Representative Tai Testifies to House Committee on Biden’s 2023 Trade Policy Agenda
United States Trade Representative Katherine Tai testifies on the Biden administration’s 2023 Trade Policy Agenda at the U.S. House Ways and Means Committee at 9:00 a.m. ET on March 24.
US Appeals Court Blocks COVID-19 Vaccine Mandate for Federal Workers
A federal appeals court has halted the Biden administration’s COVID-19 vaccine mandate for federal workers nationwide. The U.S. Court of Appeals for the Fifth Circuit in New Orleans ruled (pdf) in an en banc hearing on Thursday to keep a preliminary injunction on the COVID-19 vaccine mandate in place amid ongoing litigation over the matter. En […]
State Department Faces Subpoena From Foreign Affairs Committee Over Afghanistan Records
The State Department is facing a potential subpoena from the House Foreign Affairs Committee after failing to disclose a pair of records regarding the U.S. withdrawal from Afghanistan. The department failed to provide an after-action report and a dissent cable in response to a request by Foreign Affairs Committee Chairman Michael McCaul (R-Texas) by end […]
House Armed Service Subcommittee Holds Hearing on Budget of Department of Defense in Science and Technology
The House Armed Service Subcommittee holds a hearing on the 2024 budget proposal for the Department of Defense in Science and Technology at 3:30 p.m. ET on March 23. Department of Defense Under Secretary of Defense for Research and Engineering Heidi Shyu, and Under Secretary of Defense for Acquisition and Sustainment William LaPlante will testify.
House Oversight Committee Hold Hearing on ‘White House National Cybersecurity Strategy’
The acting National Cyber director of The White House, Kemba Walden, testifies to the U.S. House Oversight Committee at 2:00 p.m. ET on March 23 on the “White House National Cybersecurity Strategy.”
Antony Blinken Testifies to House Committee on Conflicts, Budget, and Great Power Competition
U.S. Secretary of State Antony Blinken testifies at 10 a.m. ET on March 23 to the U.S. House Foreign Affairs Committee on the State of American Diplomacy in 2023: Growing Conflicts, Budget Challenges, and Great Power Competition.
House Oversight Committee Holds Hearing on ‘ATF’s Assault on the Second Amendment’
U.S. House Oversight Committee holds a hearing on “ATF’s Assault on the Second Amendment: When is Enough Enough?” at 10:00 a.m. ET on March 23. Amy Swearer, Senior Legal Fellow of Heritage Foundation; Alex Bosco, Founder and Inventor of the Stabilizing Brace; Matthew Larosiere, Partner of Zermay-Larosiere Law Group; and Rob Wilcox (Minority Witness), Federal Legal Director of Everytown for Gun Safety will testify.
White House Criticizes China’s Ukraine Peace Plan
Chinese regime leader Xi Jinping is in Moscow, meeting with Russian President Vladimir Putin for a second day. The White House reacted to the meeting. During the meeting, the Chinese regime proposed a political settlement in Ukraine, which saw the support of Russia. White House national security spokesman John Kirby commented on the proposal.
Bank Failures Highlight Risks of Using ESG in Americans’ Pension Funds
President Joe Biden used his veto power on Monday to block a bipartisan action from Congress that would have prevented pension fund managers from investing retirees’ money according to environmental and social-justice criteria. “There is extensive evidence showing that environmental, social, and governance factors can have a material impact on markets, industries, and businesses,” Biden […]
DeSantis Says He Could Win in 2024, but Stops Short of Announcing a Run
Florida Gov. Ron DeSantis has touted his ability to defeat President Joe Biden in the 2024 elections if he enters the presidential race. In an interview for Fox News scheduled to air on March 23, DeSantis stopped short of announcing a possible run but made it clear that if he were to enter the race, he could […]
Former FDIC Chair Speaks Out Against SVB ‘Bailout,’ Says Biden Admin Overreacted
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 […]
Yellen: Government Could Step in Again to Protect Other Banks From Deposit Runs to Stop Contagion
U.S. Treasury Secretary Janet Yellen on Tuesday defended government intervention in the banking sector and suggested that it may be necessary to take similar measures in case smaller financial institutions experience deposit runs that could lead to contagion. She also called the American banking system “sound,’ and said that overall “the situation is stabilizing” due to […]
Biden Signs Resolution Overturning DC Crime Bill
President Joe Biden signed on March 20 a GOP resolution overturning a Washington, D.C., crime bill. The GOP-controlled House and Democrat-controlled Senate both passed the resolution on a bipartisan basis and Biden expressed that he would sign the bill, pitting himself against progressives and his own belief that the District of Columbia should be a […]
Judge Dismisses Biden Admin’s Motion to Dismiss Big Tech Collusion Case
A federal court in Louisiana has denied the Biden administration’s motion to dismiss a landmark case alleging collusion between the federal government and Big Tech to censor disfavored users and viewpoints related to COVID-19. In Missouri v. Biden, the states of Louisiana and Missouri allege that social media companies, such as Facebook, Twitter, LinkedIn, and […]
Biden Signs Bill to Declassify COVID Origins Intelligence on Wuhan Lab
WASHINGTON—President Joe Biden on March 20 signed into law a bill mandating declassification of COVID origin-related intelligence, saying that he shares “the Congress’s goal of releasing as much information as possible” on the issue. “We need to get to the bottom of COVID-19’s origins to help ensure we can better prevent future pandemics,” Biden said […]
China’s Xi Providing ‘Diplomatic Cover’ for Russia With Moscow Meeting: Blinken
WASHINGTON—By visiting Moscow to boost ties with Russia’s Vladimir Putin, Chinese leader Xi Jinping is demonstrating to the world his disregard for the “atrocities committed in Ukraine” and providing the isolated Russian leader with “diplomatic cover,” according to Secretary of State Antony Blinken. Blinken made the remarks at a press conference on March 20 as […]
Biden Issues First Veto, Blocks Anti-ESG Investment Measure
President Joe Biden issued his first veto on Monday after Congress voted to block a Labor Department rule that would allow fund managers of retirement plans to consider the long-term effects of social factors and climate change on investments—a move Republicans call a “woke” policy that will harm retirees’ pocketbooks. According to a statement sent […]
US Announces $350 Million More in Military Aid for Ukraine
The United States announced on March 20 an additional $350 million in military aid to help Ukraine defend itself against Russian attacks. “This week, as Russia’s unconscionable war of aggression against Ukraine continues at great human cost, we are again reminded of the boundless courage and steadfast resolve of the Ukrainian people, and the strong […]
Biden Cheers Putin Arrest Warrant but Admits It’s Mostly Virtue Signaling
President Joe Biden said on Friday that he thinks it’s “justified” that the International Criminal Court (ICC) has issued an arrest warrant for Russia’s President Vladimir Putin over alleged war crimes while admitting that the move is mostly symbolic as neither Russia nor the United States recognize its jurisdiction. “I think it’s justified,” Biden told reporters […]
‘That’s Not True’: Biden Denies Family Received Money From Chinese Firm via Hunter Biden Associate
President Joe Biden on Friday denied claims that an associate of his son Hunter Biden transferred over $1 million to members of the Biden family received from a Chinese energy firm. Biden’s response came after the GOP-led House Oversight Committee released information from financial documents showing that Robinson “Rob” Walker dispersed funds to Biden’s family members after […]
Federal Agency Comes Closer to Gas Stove Ban
The Consumer Product Safety Commission (CPSC) has made a formal request for information about the possible health hazards of gas-powered stoves—another signal that the United States may be moving towards a ban on those appliances under the Biden administration. “This RFI does not constitute or propose regulatory action, but rather is intended to inform the […]
Hunter Biden Sues Laptop Repair Shop Owner Over Alleged Invasion of Privacy
President Joe Biden’s son on March 17 sued a laptop repairman for allegedly invading his privacy. Hunter Biden countersued John Paul Mac Isaac, who owned a computer store in Delaware at which Hunter Biden was said to have dropped off his computer years ago. Mac Isaac’s sharing of information from Hunter Biden constitutes invasion of […]
White House Deflects Questions on Extraditing Suspect in Shanquella Robinson’s Murder to Mexico
White House press secretary Karine Jean-Pierre deflects questions on March 16 from a reporter asking about Shanquella Robinson’s parents’ plea to have the main suspect in her murder extradited to Mexico.
Biden Family Got $1 Million From Hunter Associate After China Wire: GOP Oversight Chair
The Biden family received more than $1 million from an associate linked to Hunter Biden after that associate’s account was wired money from a Chinese state energy company, according to Republicans on the House Oversight Committee. The associate, John Robinson “Rob” Walker, worked with Hunter Biden, now-whistleblower Tony Bobulinski, and President Joe Biden’s brother James […]
Yellen: Americans’ Bank Savings ‘Remain Safe’ After Recent Collapses
Treasury Secretary Janet Yellen on Thursday told members of Congress that their bank deposits and savings “remain safe” after the collapse of Silicon Valley Bank and Signature Bank in recent days that prompted federal intervention. Speaking before the Senate Finance Committee, Yellen said that the federal government is committed to ensuring that deposits are safe […]
US Issues Travel Alert for Spring Breakers in Mexico
MEXICO CITY—The U.S. State Department issued a travel alert Wednesday for Americans planning to spend Spring break in Mexico. The alert warns travelers to “exercise increased caution” especially after dark at Caribbean beach resorts like Cancun, Playa del Carmen, and Tulum, which have been plagued by drug gang violence in the past. “U.S. citizens should […]
Biden in Las Vegas Touts Lower Prescription Drug Prices From Inflation Reduction Act
President Joe Biden spoke on March 15 about new prescription drug cost savings under his administration, part of a wider effort by the commander in chief to sell the country on his achievements in office. “It makes a difference in people’s lives, what we’re doing,” said at the University of Nevada, Las Vegas. “I’ve been […]
Official Appointed by Biden Wanted to Ban Gas Stoves: Memo
A federal official appointed by U.S. President Joe Biden wanted to ban gas stoves, according to a leaked memorandum. “There is sufficient information available for CPSC to issue an NPR in FY 2023 proposing to ban gas stoves in homes,” Richard Trumka Jr., a U.S. Consumer Product Safety Commission commissioner, wrote in the Oct. 25, […]
Senate Confirms Former LA Mayor Eric Garcetti as Ambassador to India
Former Los Angeles Mayor Eric Garcetti will be the Biden administration’s first ambassador to India, filling a nearly two-year vacancy after the Senate voted to confirm him to the role on March 15. In the end, it was Senate Republicans who carried Garcetti across the finish line, confirming him in a 52-42 vote despite his […]
Biden Says Carter Asked Him to Deliver His Eulogy
Former President Jimmy Carter, who remains in hospice care, has asked Joe Biden to deliver his eulogy following his death, the president said Monday. “He asked me to do his eulogy—excuse me, I shouldn’t say that,” Biden told supporters during remarks at a fundraiser in Rancho Santa Fe, California, according to a pool report. “I […]
GPO, GAO, and CBO Heads Testify to Senate Appropriations Subcommittee on 2024 Budget Requests
The heads of Congressional Budget Office (CBO), the Government Accountability Office (GAO), and the Government Publishing Office (GPO) testify to the Subcommittee on the Legislative Branch of the Senate Committee on Appropriations on March 15. Witnesses Hugh N. Halpern Director Government Publishing Office Gene L. Dodaro Comptroller General Government Accountability Office Dr. Phillip Swagel Director […]
Feds Propose Rules to Crack Down on ‘Forever Chemicals’ in Drinking Water
The Biden administration has proposed a new set of nationwide standards for drinking water, seeking to limit the levels of certain fluorinated chemicals that can build up in human body over time and have been associated with cancer. The draft regulation, published Tuesday by the U.S. Environmental Protection Agency (EPA), targets six chemicals known by […]
Biden Signs Executive Order to Ramp Up Gun Control
President Joe Biden signed an executive order on March 14 to advance gun-control measures, including a step toward universal background checks, as much as current law will allow without requiring new legislation. Biden announced the order in a speech at the site of a Jan. 21, 2023 mass shooting that killed 11 and wounded nine. […]
CDC, FDA Respond to Florida Surgeon General’s COVID-19 Vaccine Safety Alert
U.S. health authorities have responded to the warning from Florida’s surgeon general about a spike in reports of adverse events following COVID-19 vaccination. Drs. Rochelle Walensky and Robert Califf claimed in the response that Dr. Joseph Ladapo, the surgeon general, was misleading the public by focusing on the increase in adverse events reported to the […]
Biden, Allies Unveil Australia Submarine Deal, Part of Trilateral Pact Aimed at Countering China
SAN DIEGO, Calif.—Australia will purchase up to five nuclear-powered attack submarines in the next decade as part of a much-anticipated deal formally announced on March 13 by U.S. President Joe Biden, Australian Prime Minister Anthony Albanese, and British Prime Minister Rishi Sunak in California. Under the agreement, Australia will buy three Virginia-class hunter submarines by […]
Republicans Ask Energy Secretary to Retract ‘Alarming’ Praise of China’s Climate Efforts
After Energy Secretary Jennifer Granholm praised China on Friday for its efforts to combat climate change, Republicans on the House Energy and Commerce Committee are seeking a retraction of those remarks and demanding that Granholm “testify immediately.” Granholm, during a March 10 interview for the 2023 South by Southwest (SXSW) conference in Austin, Texas, said […]
Biden Meets Australia, UK Prime Ministers, Makes Remarks on AUKUS Partnership
U.S. President Joe Biden meets with Prime Minister Rishi Sunak of the United Kingdom and Prime Minister Anthony Albanese of Australia in San Diego, California, on the morning of March 13 to discuss the Australia-United Kingdom-United States (AUKUS) Partnership. Biden will participate in bilateral meetings with Sunak and Albanese. The president delivers remarks on the […]
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 […]
Treasury Secretary Yellen Confirms No US Government Bailout for Silicon Valley Bank
Treasury Secretary Janet Yellen announced Sunday that the federal government wouldn’t bail out the now-collapsed Silicon Valley Bank (SVB) but said it will work to aid depositors who are worried about their money. During a Sunday interview with CBS News’ “Face the Nation,” Yellen did not provide many concrete details about what her agency or […]
Treasury, White House: Confident in Regulators Response on Silicon Valley Bank Collapse
WASHINGTON—Treasury Secretary Janet Yellen met with banking regulators on Friday on the collapse of SVB Financial Group as she and the White House expressed confidence in their abilities to respond to the largest bank failure since the 2008 financial crisis. Yellen met with officials from the Federal Reserve, the Federal Deposit Insurance Corporation, and the […]
White House Holds Briefing With Press Secretary and Budget Director (March 10)
White House press secretary Karine Jean-Pierre holds a daily briefing at 2:30 p.m. ET on March 10, joined by Office of Management and Budget Director Shalanda Young, and Council of Economic Advisers Chair Cecilia Rouse.
Biden Budget Would Lead to Record National Debt: Watchdog
The Committee for a Responsible Federal Budget (CRFB) has warned that President Joe Biden’s proposed budget for the 2024 fiscal year would send the national debt to a record high within four years. “Debt under the President’s budget would grow to a new record as a share of the economy over the next decade,” the […]
House Votes to Repeal Biden Regulation of US Waters, Wetlands
The House passed a resolution on March 9 to repeal a Biden administration regulation of U.S. waters and wetlands. The resolution passed 227–198. It was passed in accordance with the Congressional Review Act, which allows Congress to strike down regulations within 60 days of passage. However, it is likely that the resolution will be dead […]
Biden’s Budget Proposes Trillions in Tax Hikes, Partly Repeals Trump’s Tax Cuts
President Joe Biden unveiled the third budget of his presidency, vowing to increase spending, raise taxes, and reduce the federal deficit. Over the next decade, the $6.8 trillion budget (pdf) proposes approximately $5.5 trillion in tax increases on high-income earners and corporations. The White House includes a 25 percent minimum tax on the wealthiest Americans […]