Key takeaways: Senator Lindsey Graham argued that US support for Ukraine is a vital national interest and that failure to stand up to Putin’s aggression…
Posts tagged as “Donald Trump”
The US government has intervened to ensure that customers of Silicon Valley Bank and Signature Bank, which both failed this week, will have access to all of their money starting Monday, March 13. The Federal Deposit Insurance Corporation has created a “bridge bank” for SVB deposits and another for Signature Bank deposits, allowing customers to access both their insured and uninsured deposits. Questions have been raised about the stability of the banking system, but the US government has assured that losses related to SVB's collapse will not be borne by taxpayers.
Meanwhile, Republicans and conservative influencers have argued that the collapse of Silicon Valley Bank was due to its focus on diversity, equity and inclusion, but the 2018 repeal of stricter regulations on regional banks and the Federal Reserve's decision to hike interest rates are seen as more likely causes.
Former President Donald Trump has blamed "wokeness" for the collapse of Silicon Valley Bank, rather than the law he signed in 2018 that gutted the Dodd-Frank federal regulations. This has become a cautionary tale for the future, as the government must be able to respond to a financial crisis without the interference of politics in order to protect the economy.
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.
Former President Donald Trump has declined an invitation to testify before a grand jury convened by the Manhattan District Attorney's Office investigating a "hush money" payment allegedly made on his behalf days before the 2016 election. Trump's attorney Joe Tacopina has stated that the former president has “no plans” to appear before the grand jury. The payment in question was made by Trump’s former personal lawyer Michael Cohen to porn star Stormy Daniels, and the grand jury is expected to continue its investigation despite Trump's refusal to testify.
Michael Cohen, former lawyer of Donald Trump, is set to testify before a New York grand jury in connection with an alleged "hush money" payment to Stormy Daniels in 2016. Trump's current attorney, Joe Tacopina, has called for an investigation into the Manhattan district attorney's office and has stated that Trump has no plans to participate in the grand jury investigation. Cohen is expected to provide testimony regarding the payment and the cover-up, with the grand jury yet to make a decision on the matter.
Key takeaways: The Biden administration is taking steps to protect the economy and prevent a financial crisis similar to the one in 2008. The Treasury…