The former CEO of Silicon Valley Bank was the only executive of three to claim responsibility for the collapse of his respective regional bank Wednesday during a joint hearing of House Financial Services subcommittees. The joint hearing saw the former chief executives of Silicon Valley Bank, Signature Bank and First Republic Bank under congressional scrutiny...
Republicans are blasting President Biden for leaving Washington for Asia on Wednesday without significant progress on debt limit negotiations, as the country inches toward a deadline on defaulting that could prove catastrophic on the financial system. Biden will be in Japan for this weekend’s Group of Seven (G-7) summit but has canceled the latter portion...
Every administration since President Reagan has mishandled classified information under the Presidential Records Act, according to officials from the National Archives and Records Administration (NARA) who spoke to lawmakers earlier this year. The officials made the revelation when they spoke with the House Intelligence Committee behind closed doors in early March, according to a transcript...
NAACP’s president and CEO Derrick Johnson has issued a grave warning to Congress that an impasse in debt ceiling negotiations will have an outsized impact on Black Americans. The gridlock would cap spending on federal aid programs that would "disproportionately harm Black communities" Johnson said in an open letter obtained by NBC News. Johnson also...
President Biden and Speaker Kevin McCarthy (R-Calif.) emerged from their latest meeting on the debt ceiling in agreement on one key item: They had appointed a small group of officials to lead talks in the hopes of making more rapid progress. “We narrowed the group to meet and hammer out our differences,” Biden said Wednesday....
Sen. Ron Wyden (D-Ore.), the chairman of the Senate Finance Committee, sent a new letter to GOP megadonor Harlan Crow asserting his committee’s jurisdiction to investigate the gifts he gave over the years to Supreme Court Justice Clarence Thomas. Wyden said in a release on Wednesday that the letter should eliminate “any doubts” about the...
Welcome to The Hill's Sustainability newsletter {beacon} Sustainability Sustainability The Big Story West Coast bakes amid early season heat wave An early season heat wave that has been scorching the West Coast will likely persist for the remainder of the week — both endangering vulnerable residents and accelerating snowmelt. © AP Warm and dry...
A group of Democratic senators led by Sen. Tina Smith (D-Minn.) are circulating a letter urging President Biden to invoke his constitutional authority under the 14th Amendment to raise the nation’s debt limit without having to pass legislation through Congress. These senators say the spending reforms that Speaker Kevin McCarthy (R-Calif.) has demanded in exchange...
After Prince Harry and Meghan Markle, the Duchess of Sussex said they were involved in a “near catastrophic” car chase Tuesday night, New York City officials appeared to downplay the incident Wednesday. “I would find it hard to believe that there was a two-hour high speed chase,” NYC Mayor Eric Adams (D) said after the...
Secretary of State Antony Blinken will allow lawmakers access to a dissent cable centered around the U.S. withdrawal from Afghanistan, caving to pressure from House Republicans who had threatened Blinken in contempt of Congress. Rep. Michael McCaul (R-Texas) has been in pursuit of a July 2021 dissent cable from State Department officials that reportedly expressed...
A trio of Democrat lawmakers are calling on the House Judiciary Committee's GOP leadership to investigate Florida Gov. Ron DeSantis's (R) handling of the state law enforcement agency, alleging he is using it to advance his political agenda and intimidate voters. "Given the allegations of abuse of authority, improper politicization, and voter intimidation by the...
Republicans in the Florida state legislature are lining up behind Gov. Ron DeSantis’s (R) likely presidential bid. Ninety-nine of the state’s 113 Republican state lawmakers endorsed the governor’s White House aspirations on Wednesday, giving him a jolt of momentum as he nears a formal campaign announcement. The new endorsement list comes just a day after...
Secretary of State Antony Blinken condemned the attack by unknown assailants on a U.S. convoy in Nigeria, which left four people dead, including two staff members of the U.S. Consulate in the country. “We do not yet know the motive for the attack, but we have no indications at this time that it was targeted...
The U.S., the bank’s largest shareholder thanks to generous taxpayer funding since its founding in 1944, is on the losing end of the ledger.
Outgoing Twitter CEO Elon Musk defended comments he made about billionaire George Soros on the platform earlier this week that drew charges of anti-semitism from critics, saying “calm down people.” Musk tweeted on Monday that Soros, a Democratic megadonor who is frequently a target of criticism from the right, “reminds me of Magneto,” referring to...
The man who is accused of fatally stabbing four University of Idaho students has been indicted on murder charges in connection with their deaths, allowing a preliminary hearing to be skipped and the court process to advance. Bryan Kohberger was arrested in December and charged with four counts of first-degree murder and a felony charge...
A planned meeting of the Quad alliance, which consists of the United States, Australia, Japan and India, will not take place as scheduled in Australia after President Biden said he would cut his trip short amid negotiations over the debt ceiling in Washington, D.C. The leaders of the four nations were set to gather in...
Memphis Grizzlies star Ja Morant said he takes “full responsibility” for his actions after his team suspended him for brandishing a firearm for the second time in a social media video. “I know I’ve disappointed a lot of people who have supported me,” Morant said in a statement released Tuesday through his representatives, noting that...
The Environmental Protection Agency (EPA) is cracking down on contamination from toxic coal waste at power plants that have been closed for several years — requiring them to take actions to prevent their coal ash from leaking out and contaminating groundwater. The rule, if finalized, would hold the handling of this “legacy” waste from plants...
House Intelligence Committee Chair Mike Turner (R-Ohio) and House Judiciary Committee Chair Jim Jordan (R-Ohio) are warning the CIA they could subpoena the agency if it does not produce documents related to a 2020 letter pushing back on the Hunter Biden laptop story by the end of the month. “If the CIA does not produce...
The U.S. Attorney for the District of Massachusetts has announced her resignation after the Justice Department’s internal watchdog accused her of misconduct, including allegedly sharing nonpublic information with a journalist and soliciting free tickets to a sports game. The DOJ’s Office of the Inspector General (OIG) accuses U.S. Attorney Rachael Rollins of trying to influence...
Border encounters continue to hover at about half of what they were before the lifting of Title 42, Biden administration officials said Wednesday, a significant drop following the rescission of a policy that effectively barred asylum seekers. “Since May 12, the U.S. Border Patrol has experienced a steady decrease in daily encounters,” Blas Nuñez-Neto, chief...
A breach in the Transportation Department’s (DOT) transit benefit program might have exposed data for congressional employees. A DOT spokesperson told The Hill in a statement that the office of the chief information officer is looking into the breach, and other agencies like the Cybersecurity and Infrastructure Security Agency (CISA) are assisting. The spokesperson said...
The 5th U.S. Circuit Court of Appeals on Wednesday is set to hear the Biden administration's efforts to overturn a Texas judge's decision that banned the abortion pill mifepristone. Oral argument is slated to begin at 2 p.m. EDT in a New Orleans courtroom before a panel of three judges with hostile views on abortion....
Attorneys for an Internal Revenue Service whistleblower said their client, who has claimed the ongoing investigation into Hunter Biden's taxes was mishandled, has been removed from the probe. "Today the Internal Revenue Service (IRS) Criminal Supervisory Special Agent we represent was informed that he and his entire investigative team are being removed from the ongoing...
