Federal regulators will testify before the House Financial Services Committee on March 29 about the Silicon Valley Bank (SVB) and Signature Bank collapses, according to a press release.
Treasury Secretary Janet Yellen's admission that the government is picking winners and losers in the bank bailout process, particularly disadvantaging community banks, could lead to the consolidation of banking power in the hands of a few large institutions, according to critics.
California Governor Gavin Newsom has proposed a plan to build 1,200 tiny homes across four cities in the state to tackle homelessness, with Los Angeles, Sacramento, San Jose and San Diego County receiving varying numbers of homes.
Republican Iowa Senator Joni Ernst is leading a bill to overturn a Department of Defense (DOD) policy from February that funds travel for pregnant troops to other states for the purpose of obtaining an abortion.
The consumer price index, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported on Tuesday.
Senator Joe Manchin (D., W.V.), chairman of the Senate Energy and Natural Resources Committee, announced Friday that he would reject yet another Biden nominee, arguing that the administration is pandering to climate radicals.