Category: senate committee hearing

Biden Admin Asks for Billions More to Combat Post-Pandemic ‘Loneliness’ in American Youth

Loneliness, depression, and anxiety are reaching epidemic levels among young Americans, and after pumping hundreds of billions of dollars into mental health care to fight those powerful emotions in and out of the school system, the federal government is asked to pay more. The U.S. Senate Committee on Health, Education, Labor & Pensions (HELP) held…


Experts Warn That the US Is Close to Disaster on Debt Ceiling

Economists and experts warned a Senate committee hearing this week that the U.S. government is close to disaster on the federal debt ceiling. The Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy conducted a hearing on Mar. 7 titled: “The Federal Debt Limit and its Economic and Financial Consequences,” with five expert…


Senate Committee Threatens to Subpoena Bankman-Fried to Compel Him to Testify on FTX Collapse

Two U.S. senators are threatening to subpoena Sam Bankman-Fried, the founder of FTX, to compel him to testify at a Senate committee hearing on the collapse of his crypto exchange next week. Senators Sherrod Brown (D-Ohio) and Patrick Toomey (R-Pa.) demanded that Bankman-Fried testify at a Senate Committee on Banking, Housing, and Urban Affairs on…


Fed is Focused on Fighting Inflation: Lael Brainard at Senate Confirmation Hearing

Federal Reserve governor Lael Brainard has confirmed to Congress that fighting inflation was the organization’s “most important task,” marking a pivot from last year when she didn’t want the central bank to cut down on stimulus plans. Brainard, 59, was the top contender for the position of Fed Chair, but President Biden renominated Jerome Powell,…