The collapse of two key banks last week has sparked a debate over the 2018 decision to roll back Dodd-Frank protections, which was supported by 17 Senate Democrats. While some have argued that it was necessary to provide relief to community banks, others have argued that it has weakened the ability of regulators to protect consumers and has allowed banks to take on too much risk. The economic fallout from the collapse of the two key banks and the implications of the legislation will be important to consider in the coming weeks and months.
Posts tagged as “1st Congressional District”
President Joe Biden is expected to sign an executive order on Tuesday to increase background checks and promote better firearms storage. The order will direct Attorney General Merrick Garland to clarify the statutory definition of who is “engaged in the business” of selling firearms. The order is part of a larger effort by the Biden administration to reduce gun violence in the United States, including a ban on so-called “ghost guns” and a requirement for buyers to undergo background checks for all firearms purchases.
Pat Schroeder, a former U.S. Representative and pioneering advocate for women's and family rights, passed away on Monday night at the age of 82. She was known for her rapier wit and unorthodox methods, and was instrumental in passing the Family Leave Bill in 1993. Her legacy will live on in the countless women she inspired to pursue their dreams and fight for their rights.
Patricia Schroeder, a pioneering US Representative for women's and family rights, has passed away at 87. She was known for her outspokenness on issues such as reproductive rights and arms control, and was an icon of the feminist movement. Her legacy lives on in the many women she inspired to pursue public office.
At a rally in Iowa, former President Donald Trump took aim at Florida Gov. Ron DeSantis, calling him "DeSanctus" and saying he probably shouldn't have endorsed him in his bid for the governor's mansion. Trump also compared DeSantis to 2012 GOP nominee Mitt Romney, and said he will "protect Iowa ethanol from anyone who wishes to destroy it." The former president said he last spoke to DeSantis "a couple of days ago," but did not elaborate on the conversation.
A lawyer representing one of the Proud Boys members on trial for seditious conspiracy is asking a federal judge to throw out the case due to prosecutors' failure to include "plainly exculpatory" US Capitol security footage aired on Tucker Carlson's show. Billionaire Elon Musk showed sympathy for Jacob Chansley, one of the rioters, by tweeting to his 130 million followers to "Free Jacob Chansley". It is yet to be seen if the judge will agree with the lawyer's request.
This article discusses the current US debt ceiling crisis, the divide between House Republicans and President Joe Biden, and the potential consequences of not finding a resolution. Treasury Secretary Janet Yellen has warned of a potential economic and financial catastrophe if the debt ceiling is not addressed, while Rep. Greg Murphy (R-NC) has argued that the President's proposed tax on unrealized capital gains would unfairly target hardworking individuals.
House Republicans have proposed a plan to tackle the debt ceiling and roll back President Joe Biden's Inflation Reduction Act, which has been met with criticism from both sides of the aisle. The proposal, which is unlikely to become law, includes cutting student debt relief, Covid-19 funds, climate change funding, and capping discretionary spending. White House Press Secretary Jen Psaki has said the proposal "would be a major step backward for the American people and our economy."