The president is counting on the central bank to strike the right balance on jobs and inflation — and to prevent a spiraling financial crisis.
Category: United States Politics and Government
-
Fed Meeting Holds High Stakes for Biden
The New York Times – Business: -
Push to Insure Big Deposits Percolates on Capitol Hill
The New York Times – Business:The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
-
Yellen Says U.S. Banking System Is ‘Stabilizing’
The New York Times – Business:In prepared remarks, the Treasury secretary pledged that the Biden administration would remain vigilant amid financial turmoil.
-
Inside the 3 Months That Could Cost Fox $1.6 Billion
The New York Times – Business:The decision by Fox News executives in November 2020 to treat the more hard-right Newsmax as a mortal threat spawned a possibly more serious danger.
-
Biden Warns That Climate Change Could Upend Federal Spending Programs
The New York Times – Business:A chapter in the new Economic Report of the President focuses on the growing risks to people and businesses from rising temperatures, and the government’s role in adapting to them.
-
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The New York Times – Business:The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
-
Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue
The New York Times – Business:Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.
-
Toxic Chemical Rules Pose Test for Biden
The New York Times – Business:Key industries — including some that the White House is backing through other policies — are lobbying to water down the first major new rules in a generation on chemicals that pose risks to humans.