As part of the U.S. government’s extraordinary measures to shield insured and uninsured depositors at Silicon Valley Bank from losses, foreign clients will also be protected, confirmed Treasury Secretary Janet Yellen. The rescue package will be partly funded through special assessments levied on U.S. banks to recoup these losses and make customers whole. Since the…
Yellen Confirms Chinese, Other Foreign SVB Depositors Will Be Protected
LIVE NOW: NTD Evening News (March 16): ISIS Can Hit US Interests in 6 Months: Centcom; Bidens Got $1 Million From China-Linked Partner: House GOP
March 16, 2023
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A U.S. commander testified on March 16 that the ISIS group operating in Afghanistan is capable of conducting an external operation against U.S. and Western interests within six months. But he added that it’s “much harder for them to be able to do that against the homeland.” The Biden family received over $1 million from…
NTD Evening News (March 16): ISIS Can Hit US Interests in 6 Months: Centcom; Bidens Got $1 Million From China-Linked Partner: House GOP
March 16, 2023
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AfghanistanEpochTVHouse Oversight CommitteeJanet YellenLive VideosNTD Evening NewsPolandUSUS NewsVideo
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A U.S. commander testified on March 16 that the ISIS group operating in Afghanistan is capable of conducting an external operation against U.S. and Western interests within six months. But he added that it’s “much harder for them to be able to do that against the homeland.” The Biden family received over $1 million from…
Biden’s Handling of Economy Contributed to Banking Crisis, Senate Republicans Say
March 16, 2023
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President Joe Biden’s handling of the national economy “contributed” to the failures of Silicon Valley Bank (SVB) and Signature Bank, Sen. Tim Scott (R-S.C.) said in remarks in front of Treasury Secretary Janet Yellen. Senate Republicans tied elevated inflation and rising interest rates to the latest string of bank failures during Secretary Yellen’s hearing in front…
Yellen: Americans’ Bank Savings ‘Remain Safe’ After Recent Collapses
March 16, 2023
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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…
Billionaire Investor Ken Griffin Warns US Capitalism ‘Breaking Down’
Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the U.S. economic system is “breaking down before our eyes.” “The U.S. is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Griffin warned when speaking with the Financial Times on Monday after federal agencies…
LIVE 10 AM ET: Janet Yellen Testifies to the Senate Finance Committee on Budget
March 16, 2023
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U.S. Treasury Secretary Janet Yellen testifies to the U.S. Senate Finance Committee at 10 a.m. ET on March 16 in a hearing on The President’s Fiscal Year 2024 Budget. …
LIVE NOW: Janet Yellen Testifies to the Senate Finance Committee on Budget
March 16, 2023
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U.S. Treasury Secretary Janet Yellen testifies to the U.S. Senate Finance Committee at 10 a.m. ET on March 16 in a hearing on The President’s Fiscal Year 2024 Budget. …
Biden Admin’s Banking Busts
March 15, 2023
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Commentary The failure of three banks in the last two weeks, including Silicon Valley Bank on Friday and Signature Bank on Sunday, is a saga of utter government incompetence. Call these bank collapses Biden administration’s Banking Busts. The Biden administration has been obsessing on woke causes while banks teeter toward insolvency. Three days before Silicon…
US Officials Working to Ensure ‘Contagion Can’t Occur’ After SVB Crisis, Yellen Says
March 12, 2023
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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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