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Treasury Secretary Janet Yellen Rules Out Federal Bailout for Silicon Valley Bank Following CollapseImage courtesy of media.cnn.com

Treasury Secretary Janet Yellen Rules Out Federal Bailout for Silicon Valley Bank Following Collapse

By News Masher on March 12, 2023

Treasury Secretary Janet Yellen has ruled out a federal bailout for Silicon Valley Bank following its collapse, and Shalanda Young, the director of the White House Office of Management and Budget, has stressed that the US banking system is more resilient now due to reforms. Rep. Ro Khanna of California has urged the Biden administration to take "decisive action" to protect depositors and ensure access to accounts Monday morning.

Norfolk Southern CEO Pledges to Improve Safety Culture and Make East Palestine Whole Again After Train DerailmentImage courtesy of img.huffingtonpost.com

Norfolk Southern CEO Pledges to Improve Safety Culture and Make East Palestine Whole Again After Train Derailment

By News Masher on March 12, 2023

At a congressional hearing on Thursday, Norfolk Southern CEO Alan Shaw pledged to improve the company's safety culture and make East Palestine and surrounding communities whole following a February 3rd train derailment that released toxic chemicals. Shaw refused to commit to a number of specific actions proposed by senators, such as supporting new rail safety legislation and temporarily halting stock buybacks, leading to disappointment from Senator Tom Carper. Shaw responded by saying that Norfolk Southern is committed to safety first and is working closely with local, state and federal agencies to ensure the site is cleaned up safely and thoroughly.

Mike Pence Delivers Blunt Rebuke of Donald Trump at Gridiron Club DinnerImage courtesy of media.cnn.com

Mike Pence Delivers Blunt Rebuke of Donald Trump at Gridiron Club Dinner

By News Masher on March 11, 2023

At the Gridiron Club Dinner in Washington, DC, former Vice President Mike Pence delivered a speech that was both lighthearted and serious, including jokes about President Joe Biden and Vice President Kamala Harris, as well as a rebuke of former President Donald Trump for his role in the January 6th attack. Pence's comments come as the Republican party is divided over Trump's legacy and whether to embrace him or reject him in the future, and it remains to be seen whether his words will have any effect.

House Republicans Propose Cuts to Biden’s Budget, Sparking Criticism from Both Sides of the AisleImage courtesy of talkingpointsmemo.com

House Republicans Propose Cuts to Biden’s Budget, Sparking Criticism from Both Sides of the Aisle

By News Masher on March 10, 2023

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."

Biden and Trump Unite in Opposition to Republican Attempts to Cut Medicare and Social Security PayoutsImage courtesy of media.cnn.com

Biden and Trump Unite in Opposition to Republican Attempts to Cut Medicare and Social Security Payouts

By News Masher on March 10, 2023

This article discusses the political implications of the current and former presidents' opposition to Republican attempts to cut Medicare and Social Security payouts. Both Biden and Trump have taken a hard stance against cutting these programs, which has become a major issue in the 2024 presidential election. Senate Democrats have applauded the President’s budget and are eager to use this issue to their advantage.

Biden Unveils Budget Blueprint to Boost Federal Spending on Families and Slow Growth of National DebtImage courtesy of media.cnn.com

Biden Unveils Budget Blueprint to Boost Federal Spending on Families and Slow Growth of National Debt

By News Masher on March 9, 2023

President Joe Biden has unveiled a budget blueprint that would increase spending on education, health care, and infrastructure, while avoiding cuts to popular programs such as Social Security and Medicare. The proposal is largely symbolic, but it shows that Democrats can be fiscally responsible and invest in the American people without cutting programs that are essential to them. Republicans have suggested they would balance the budget by slashing spending, but budget experts have said this is impossible.

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