Jennifer Shutt, Pennsylvania Capital-Star Federal departments and agencies say U.S. House Republicans’ plans to cut federal spending would result in reductions to key programs like food aid, education assistance and wildfire management. The series of letters from across the federal government released Monday detail exactly how plans to cut at …
Read More »Sen. Warren Demands Probe Into Bank Failures, Urges Biden to Fire Powell
Kenny Stancil Sen. Elizabeth Warren this weekend called on federal officials to investigate the causes of recent bank failures and urged President Joe Biden to fire Federal Reserve Chair Jerome Powell, whom she has criticized for intensifying financial deregulation and imposing job- and wage-destroying interest rate hikes. Asked on Sunday …
Read More »Regulators Ended The Week Like They Started It — Tamping Down Fears, Rescuing A Bank
Casey Quinlan, Nevada Current Financial regulators, policymakers, and bank executives spent last week trying to abate fears that a banking crisis will spread across the U.S. financial system. On Friday, President Joe Biden released a statement calling on Congress to take action to make it easier for regulators to hold …
Read More »Manhattan DA: Trump’s Intimidation Efforts Won’t Be Tolerated
Manhattan District Attorney Alvin Bragg said Saturday that former President Donald Trump’s efforts to undermine his prosecutorial authority won’t be tolerated. In a memo to colleagues, Bragg wrote that “we do not tolerate attempts to intimidate our office or threaten the rule of law in New York.” “Our law enforcement …
Read More »What The Vice President’s Trip Meant To Iowa Democrats And Advocates
Barbara Rodriguez Originally published by The 19th Vice President Kamala Harris’ Thursday trip to Iowa to discuss abortion rights was so last-minute that Ruth Ann Gaines, a longtime Democratic state representative, got word about it only a few days ago. On Thursday, Gaines rushed to join other local leaders at …
Read More »Biden Says Top Executives of Failed Banks Should Face Harsher Penalties
Days after U.S. Sen. Elizabeth Warren expressed outrage over the bonuses that Silicon Valley Bank executives were handing out hours before the bank failed, President Joe Biden on Friday called on Congress to strengthen regulatory powers to hold officials at failed banks accountable. The president said in a statement that …
Read More »The Collapse Of Major US Banks Leads To Bills Calling For More Regulation
V. Gerard (Jerry) Comizio, American University When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in. Now, both Democratic and Republican politicians are …
Read More »Democratic Lawmakers Introduce Bill to Repeal 2018 Rollback of Critical Dodd-Frank Protections
Sen. Elizabeth Warren (D-Mass.) and Rep. Katie Porter (D-Calif.) have introduced a bill to repeal part of a Trump-era bank regulation rollback law in the wake of the collapse of Silicon Valley Bank. The bill, called the Secure Viable Banking Act, would put banks with at least $50 billion in …
Read More »Biden Promotes Prescription Drug Plan During UNLV Stop
Michael Lyle, Nevada Current President Joe Biden during a speech at UNLV Wednesday touted recent legislative victories seeking to rein in prescription drug prices and vowed to build on efforts to reduce health costs Biden’s visit to Southern Nevada came a week after he unveiled his 2024 fiscal year budget, …
Read More »Senate Moves Toward Repealing Authority For Military Force Against Iraq
Jennifer Shutt, Florida Phoenix The U.S. Senate took a broadly bipartisan vote Thursday to advance legislation that would end the 32-year-old and the 20-year-old Authorizations for Use of Military Force against Iraq. The 68-27 vote moves the measure past the chamber’s 60-vote legislative filibuster and towards a final passage vote as soon …
Read More »Appellate Ruling Means Professors In Florida Are Free To Teach About Race, Sexism, As They See Fit
Michael Moline, Florida Phoenix College professors can continue to teach hard lessons about race and sexism notwithstanding Gov. Ron DeSantis’ “Stop Woke” act, his attempt to dictate how educators handle these topics. In a terse order issued Thursday, a three-judge panel of the U.S. Court of Appeals for the Eleventh …
Read More »Federal Judge Hears Challenge To FDA Approval Of Abortion Drug
Eleanor Klibanoff, The Texas Tribune The future of medication abortion in the United States remains up in the air after a federal judge heard arguments Wednesday in a suit challenging the Food and Drug Administration’s long-standing approval of mifepristone. U.S. District Judge Matthew Kacsmaryk said he would rule “as soon …
Read More »Toni Morrison Is The Face Of The New Forever Stamp From The U.S. Postal Service
Nadra Nittle Originally published by The 19th A Nobel laureate, Pulitzer Prize winner and Presidential Medal of Freedom honoree, Toni Morrison accomplished a staggering list of feats as a writer and scholar. More than three years after her death at 88 in August 2019, she continues to achieve. Her latest …
Read More »Bernie Sanders Proposes Guaranteed Minimum Teacher Salary Of $60,000 Nationwide
Nadra Nittle Originally published by The 19th Long hours. Low morale. Little pay. These are just some of the reasons researchers say that many states face a teacher shortage that the Great Recession ushered in over 15 years ago and the pandemic only made worse. To retain and recruit teachers, …
Read More »US Drone Crashes During Encounter With Russian Fighter Jet
Fears of an escalation between nuclear superpowers Russia and the United States mounted Tuesday after a U.S. Air Force Reaper drone went down in international waters in the Black Sea during an encounter with a Russian fighter jet, with both sides giving varying accounts of the incident. According to U.S. …
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