Former Goldman Sachs CEO Lloyd Blankfein and former top economic adviser in the Trump White House Gary Cohn have both recently discussed the banking industry and the potential for a systemic emergency. They both agree that the Federal Reserve, FDIC, and Treasury Department have the power to guarantee deposits bank by bank in such an event, making Americans' money "kind of safe with an ellipsis."
Posts published in “US”
US banking industry was rocked this week, with the biggest US bank failure since the 2008 financial crisis, a near-miss for Credit Suisse, and banks tightening up lending. This could lead to a decrease in spending, putting added pressure on households already whittling down savings and taking on more debt. The long-term effects of these events remain to be seen, but it is clear the US banking industry is in a precarious position.
South Carolina Republicans Nikki Haley and Tim Scott addressed a Christian conservative forum in the early voting state, as former President Donald Trump and Florida Governor Ron DeSantis both vie for the Republican nomination for the 2024 election. The forum was an opportunity for presidential hopefuls to make their case to a crucial voting bloc, but the Republican party is aware that a fight between Trump and DeSantis could divide their 222-member conference and distract them from their goal. It remains to be seen how the party will handle the battle and its effect on their chances in the 2024 election.
Manhattan District Attorney Alvin Bragg has warned employees not to give in to intimidation and threats in response to former President Donald Trump's call for protests if he is arrested on Tuesday. Bragg has said his office will not tolerate attempts to intimidate them and is coordinating with the NYPD and court to ensure their safety and the integrity of their work. He has also reminded employees that their safety is a top priority.
The Manhattan District Attorney's Office has been investigating former President Donald Trump for years in connection with a hush money scheme. Trump recently announced that he anticipates being arrested in connection with the investigation within days, raising questions about the charges. Atlanta prosecutor Fani Willis, Jack Smith and current District Attorney Alvin Bragg are reportedly part of the investigation, though details have yet to be released. The outcome of the investigation remains to be seen, but it is clear that the District Attorney's Office is taking the matter seriously.
Law enforcement officials in New York are preparing for the possibility of an indictment of former President Donald Trump in connection to a hush money scheme involving adult film star Stormy Daniels. If Trump is charged, it would be a historic moment, as it would be the first time a former US president has been charged with a crime. The Manhattan District Attorney’s office has not commented on the investigation, but law enforcement officials are taking steps to prepare for the possibility.
New York law enforcement agencies are preparing for a potential indictment of former President Donald Trump in connection with an alleged hush money payment to Stormy Daniels. Security plans are being coordinated by the NYPD, U.S. Secret Service, and FBI's Joint Terrorism Task Force, and Manhattan District Attorney Alvin Bragg has stated that the safety of his employees is the top priority. No official charges have been filed against Trump yet, but the Manhattan District Attorney's office is reportedly moving forward with its investigation.
Republican lawmakers have come to the defense of former President Donald Trump after he posted on social media about the Manhattan district attorney's investigation into him. Trump's post has been met with criticism from his supporters, and a spokesperson for Trump later clarified that the post was shared without any notification of an indictment beyond media reports. Other Republicans, including potential 2024 presidential candidates, have expressed their support for the former president.