Politico's Katherine Tully-McManus and Reps. Buddy Carter (R-GA) and Henry Cuellar (D-TX) discuss the stalemate over raising the debt ceiling and Biden administration border policy.
Gregory Becker, former CEO of Silicon Valley Bank, Scott Shay, former chair and co-founder of Signature Bank, and Eric Howell, former Signature Bank president, testify on the failure of their regional banks before the Senate Banking Committee.
Treasury Secretary Janet Yellen warned that "time is running out" for Congress to act on a looming deadline to increase the federal debt limit. "We are already seeing the impacts of brinkmanship: investors have become more reluctant to hold government debt that matures in early June," she said during remarks at an Independent Community Bankers of America summit in Washington, DC. The secretary's comments came ahead of a White House meeting on the debt ceiling later in the day with President Biden and House Speaker Kevin McCarthy (R-CA), as well as other congressional leaders.
Rep. Buddy Carter (R-GA), a member of the Budget and Energy & Commerce committees, discussed the stalemate over raising the debt ceiling and border policy.
Defense Secretary Lloyd Austin, Secretary of State Antony Blinken, and Commerce Secretary Gina Raimondo testify on U.S.-China relations, competitiveness, and national security investment before the Senate Appropriations Committee.
President Biden & Congressional leaders meet again the debt ceiling deadline, Senate hearing with former SVB & Signature Bank executives on their banks' failures, interview with Washington Post's Cat Zakrzewski on Senate hearing with the maker of ChapGPT
President Biden & Congressional leaders meet again about the debt ceiling deadline, Senate hearing with former SVB & Signature Bank executives on their banks' failures, interview with Washington Post's Cat Zakrzewski, on a Senate hearing with the CEO of Open AI, maker of ChapGPT, on artificial intelligence risks.
OpenAI CEO Sam Altman, whose company created the ChatGPT and DALL-E text and image generation tools, was one of three artificial intelligence experts who testified on oversight of the swiftly developing technology at a Senate Judiciary subcommittee hearing. They were questioned about the state of AI development and some of the concerns its usage had, especially regarding the job market and the spread of election disinformation. Afterward, Senator Richard Blumenthal (D-CT), the subcommittee's chair, talked to reporters about potential steps to regulate AI at the federal level.
President Biden & Congressional leaders meet again about the debt ceiling deadline, Senate hearing with former SVB & Signature Bank executives on their banks' failures, interview with Washington Post's Cat Zakrzewski, on a Senate hearing with the CEO of Open AI, maker of ChapGPT, on artificial intelligence risks.
President Biden & Congressional leaders meet again about the debt ceiling deadline, Senate hearing with former SVB & Signature Bank executives on their banks' failures, interview with Washington Post's Cat Zakrzewski, on a Senate hearing with the CEO of Open AI, maker of ChapGPT, on artificial intelligence risks.
"The takeover of SVB has been personally and professionally devastating, and I am truly sorry for how this has impacted SVB's employees, clients and shareholders," said former CEO of Silicon Valley Bank Gregory Becker before the Senate Banking Committee. Mr. Becker appeared alongside Scott Shay, former chair and co-founder of Signature Bank, and Eric Howell, former Signature Bank president, to testify on the failure of their regional banks. Several topics were discussed, including bank management, executive compensation, and the impact of digital assets. Also addressed were the concerns brought by banking regulators and the Federal Reserve, including the speed at which the banks grew and the number of uninsured deposits at each bank.
Treasury Secretary Janet Yellen warned that "time is running out" for Congress to act on a looming deadline to increase the federal debt limit. "We are already seeing the impacts of brinkmanship: investors have become more reluctant to hold government debt that matures in early June," she said during remarks at an Independent Community Bankers of America summit in Washington, DC. The secretary's comments came ahead of a White House meeting on the debt ceiling later in the day with President Biden and House Speaker Kevin McCarthy (R-CA), as well as other congressional leaders.
Defense Secretary Lloyd Austin, Secretary of State Antony Blinken, and Commerce Secretary Gina Raimondo testified on U.S.-China relations, competitiveness, and national security investment before the Senate Appropriations Committee.
