Tag Archives Federal Reserve

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

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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 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.

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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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

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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Yellen Warns U.S. Will Hit Debt Limit In Less Than a Week

The U.S. To Hit Debt Ceiling In Less Than A Week, Spending Fight Battle Brewing On Capitol Hill

The U.S. is expected to reach its borrowing limit next Thursday, causing the Treasury Department to begin deploying “extraordinary measures” that buys the federal government enough time to starve off the specter of a debt default until at least early June as Washington kicks off a contentious debt ceiling battle.

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