Yellen seeks to calm lawmakers amid banking turmoil

[ad_1] The Biden administration’s Sunday rescue plan for the Northern California bank’s customers, along with those of Signature — a New York institution that was shuttered that day — were essential for stemming a possible contagion that put “community banks across the country at great risk of runs,” Yellen said.Continue Reading

House Dem leaders calm outrage over Hispanic Caucus chair

[ad_1] Usyk’s removal had roiled the bloc’s members, who are typically conflict-averse. A well-respected Hill veteran, she’d been brought on as the Hispanic Caucus head staffer earlier this year after stints with Sen. Patty Murray (D-Wash.) and Rep. Tony Cárdenas (D-Calif.). The group, following Usyk’s termination, now has no staffers.Continue Reading