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Economy/Finance Zone

First Citizens Bank Strikes Deal To Acquire Collapsed Silicon Valley Bank

First Citizens Wins Takeover of Collapsed Silicon Valley Bank

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In a deal with the Federal Deposit Insurance Corporation (FDIC), First Citizens BancShares Inc. snapped up a bulk of collapsed Silicon Valley Bank, just two weeks after a panic-induced run of deposits destroyed the lender’s finances in the second biggest U.S. bank failure since the 2008 financial crisis.

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Economy/Finance Zone

Silicon Valley Bank Collapses As Regulators Seized Control

The closure of Silicon Valley Bank, the 16th largest U.S. bank marks the second-largest bank failure in history

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Silicon Valley Bank collapsed Friday with financial regulators rushing in to seize control over the tech-focused lender’s assets and liabilities following a frenetic week that saw an unsuccessful attempt to raise capital triggering a depositor exodus.

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Congress ReportSee All in Congress Report

House Republicans To Choose New Speaker Nominee: Live Update

House Republicans To Choose New Speaker Nominee: Live Update

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McCarthy Launches Formal Impeachment Inquiry Into Biden

McCarthy Launches Formal Impeachment Inquiry Into Biden

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Kennedy Stumps Biden Judicial Nominee with Basic Questions on Constitution

Kennedy Stumps Biden Judicial Nominee with Basic Questions on Constitution

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McCarthy Officially Boots Schiff & Swalwell From Intel Committee

McCarthy Officially Boots Schiff & Swalwell From Intel Committee

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Markets + Economics

Fed FOMC November Meeting: Live Updates
Economy/Finance Zone

Fed FOMC November Meeting: Live Updates

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Consumers Continue To Feel The Heat As Inflation Burnt July 4th Cookouts
Economy/Finance Zone

Consumers Continue To Feel The Heat As Inflation Burnt July 4th Cookouts

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Fed Chair Powell’s Senate Banking Committee Testimony
Economy/Finance Zone

Fed Chair Powell’s Senate Banking Committee Testimony

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First Citizens Bank Strikes Deal To Acquire Collapsed Silicon Valley Bank
Economy/Finance Zone

First Citizens Bank Strikes Deal To Acquire Collapsed Silicon Valley Bank

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46

 Biden Says He Bears No Responsibility For Rising Inflation

President Biden claims that he inherited high inflation & refuses to take the blame despite inflation only being 1.4% when he entered office and ascending to a 40-year high of 9.1% in June 2022.

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President Biden refused to take any responsibility for the high levels of inflation, claiming the elevated prices were a problem he inherited from his predecessor and that he is not to one to blame for the ongoing inflation crisis hitting Americans under his watch.

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White House

Yellen Warns Of ‘Economic and Financial Chaos’ If Congress Fails To Act On Debt Ceiling

Yellen Warns Of ‘Economic and Financial Chaos’ If Congress Fails To Act On Debt Ceiling

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Biden Makes Suprise Visit to Embattled Kyiv as War Nears One-Year Mark

Biden Makes Suprise Visit to Embattled Kyiv as War Nears One-Year Mark

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Biden’s 2023 State of the Union Address

Biden’s 2023 State of the Union Address

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Biden to Revive ‘Billionaire Minimum Tax’ in State of The Union Address

Biden to Revive ‘Billionaire Minimum Tax’ in State of The Union Address

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 Biden Says He Bears No Responsibility For Rising Inflation

 Biden Says He Bears No Responsibility For Rising Inflation

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Economy/Finance Zone

U.S. Economy Adds Jaw-Dropping 517K Jobs In January; Crushing Expectations

January Unexpected Jobs Report Snapped a 5-Month String of Slowing Employment Growth

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The U.S. economy added over half a million jobs in January, blowing expectations out of the water in the first month of the year — revealing that the labor market continues to remain strong despite the Federal Reserve’s aggressive monetary tightening in its fight to tame inflation.

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46Economy/Finance Zone

U.S. Hits Debt Limit, Triggering ‘Extraordinary Measures’ To Avoid Default

U.S. Hit Its Statutory Debt Limit, Setting Up Bitter Standoff Between Republicans & Biden

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The U.S. government hit its statutory $31.4 trillion debt limit Thursday, Treasury Secretary Janet Yellen announced, prompting the Treasury to start taking “extraordinary measures” in order for the nation to avoid a catastrophic default for at least the next few months.

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