Sen. John Kennedy (R-La.) said on Sunday that his fellow lawmakers should “talk” more about changing the retirement age for people currently in their 20s in part due to longer life expectancy. During an appearance on “Fox News Sunday,” anchor Shannon Bream asked Kennedy if he thinks there should be "conversations" in Congress about changing...
Federal officials are auctioning off Silicon Valley Bank, according to multiple reports Sunday, as they try to contain the fallout of the bank’s historic failure last week. Regulators started the auction on Saturday and expected bids by 2 p.m. on Sunday, according to the New York Times and the Wall Street Journal, which cited people...
In a rare show of consensus, congressional lawmakers from both parties on Sunday said they would oppose any potential bailout options for Silicon Valley Bank, which collapsed on Friday in the largest bank failure since the 2008 financial crisis. Treasury Secretary Janet Yellen ruled out a bailout possibility for the bank's owners and investors, and...
Rep. Michael McCaul (R-Texas) said on Sunday that the released tapes from the attacks on the Capitol during Jan. 6, 2021 are not going to show "tourism at the Capitol," but rather would show a "dark, tragic day." House Speaker Kevin McCarthy (R-Calif.) has spurred fury this month by granting Fox News host Tucker Carlson...
Rep. Ro Khanna (D-Calif.) said that any stock sold by Silicon Valley Bank executives should be “clawed back” and given to depositors of the bank after it collapsed last week. Federal filings show that Silicon Valley Bank CEO Gregory Becker sold over $3.5 million in stock in the bank roughly two weeks before the firm...
Rep. Katie Porter (D-Calif.) on Sunday blamed the Silicon Valley Bank collapse in part on the mistaken belief that interest rates would stay low forever. During an appearance on MSNBC’s “The Sunday Show with Jonathan Capehart,” Porter said rising interest rates were one of the leading causes of the bank's collapse, noting how the bank...
Sen. John Kennedy (R-La.) on Sunday blamed President Biden for what he called the politicization of Social Security and Medicare during his State of the Union address last month. Kennedy on "Fox News Sunday" told Shannon Bream that Medicare faces financial trouble as soon as 2028, with the same going for Social Security in 2035,...
Chicago Mayor Lori Lightfoot's reelection loss should serve as a “wake-up call” for other mayors who prioritize similar policies or actions, according to some political insiders.