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The Latest Breaking News from Joe Biden

Biden offers assurances after major US banks collapse

President says banking system is ‘safe’ but will seek accountability after second largest failure in US history.

Al Jazeera

Alaska's Willow oil project is controversial. Here's why.

Supporters say a major oil project President Joe Biden is OK'ing on Alaska’s petroleum-rich North Slope represents an economic lifeline for Indigenous communities while environmentalists say it runs counter to his climate goals

The Independent UK

Rishi Sunak is not America’s No 1 ally like I was, says Tony Blair

Former PM says that he is why he backed Iraq War - to make sure White House called No 10 first in a crisis.

The Independent UK

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Biden says banking system is safe, blames Trump for Silicon Valley Bank failure

WASHINGTON — President Joe Biden said Monday that the U.S. banking system is “safe and secure” following the failure of Silicon Valley Bank and closure of Signature Bank last week.

Los Angeles Times

Biden approves controversial Willow oil drilling project in Alaska

Environmentalists and some Alaskan Native communities had opposed the plan over climate, wildlife and food-shortage fears

The Guardian - US

World leaders rally to reassure markets, public on US banking crisis

President Joe Biden has assured US taxpayers that they will not have to pay for losses in the banking sector, after French and German authorities said that recent collapse of several US banks pose no danger to European financial institutions.

Radio France Internationale

Biden administration approves vast Willow oil project in Alaska

The project could produce about 576 million barrels of oil over 30 years.

Axios

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Democratic attorneys general sue Biden administration over FDA abortion pill regulation

A group of 12 Democratic state attorneys general filed a lawsuit in the United States District Court for the Eastern District of Washington against the Food and Drug Administration (FDA) on Feb. 23, 2023, arguing that the agency’s regulations on the abortion-inducing drug mifepristone violate state sovereignty by limiting the…

Ballotpedia

GOP takes up arms against Biden's energy, climate spending plan - Roll Call

Biden's budget request would spend billions on climate and low-carbon energy programs as Republicans press for more fossil fuel production.

Roll Call

‘Your deposits will be there when you need them,’ president says

President Joe Biden on Monday moved to assure the public after the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

Chicago Sun-Times

Silicon Valley Bank: global banking shares slide as fallout spreads

Stock markets fail to be reassured by Joe Biden’s intervention, as SVB failure is followed by Signature

The Guardian - UK

Biden blames Trump deregulation for Silicon Valley Bank failure

WASHINGTON — President Joe Biden on Monday blamed the collapse of Silicon Valley Bank and closure of Signature Bank on former President Trump’s 2018 decision to scrap some Obama-era banking regulations.

Los Angeles Times

Alaska oil project approved as protection sought for other areas - Roll Call

A massive oil and gas facility in was approved by the Biden administration, which also proposed new drilling limits elsewhere in Alaska.

Roll Call

Biden says banking system is ‘safe’ after Silicon Valley Bank collapse and vows accountability for executives

‘No losses will be borne by the taxpayers,’ the president says

The Independent UK

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WEKU

Banking shares slump despite U.S. assurances that deposits are safe

The declines come despite emergency measures by regulators to protect depositors at Silicon Valley Bank and Signature Bank and President Biden's remarks to reassure Americans.

The Guardian - UK

From the US to Africa: how China sees the world as Xi’s third term begins

Geopolitical relations China’s president will have to navigate as country reopens after three years of isolation

Axios

Biden says "banking system is safe" after Silicon Valley Bank collapse

Biden also promised to do "whatever is needed" to prevent any other bank runs.

The Independent UK

Joe Biden approves huge Willow oil project in Alaska

The Biden administration is approving the major Willow oil project on Alaska’s petroleum-rich North Slope

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The Guardian - US

Biden stresses taxpayer funds won’t be used in Silicon Valley Bank collapse – as it happened

President reassures Americans ‘banking system is safe’ as US government announces plans to stabilize situation

WEKU

Biden reassures bank customers and says the failed firms' leaders are fired

President Biden also said insiders and investors won't be bailed out, but that companies that used the bank will be able to pay their employees and bills.

The Independent UK

Watch as Biden speaks on US financial system following collapse of Silicon Valley Bank

Watch as Joe Biden addresses the nation on Monday (13 March) following the collapse of Silicon Valley Bank.

Roll Call

Biden pick for Mississippi federal court awaits Senate hearing - Roll Call

A district court nominee from Mississippi apparently has been held up from a confirmation hearing because of a so-called “blue slip.”

The Texas Tribune

National Republicans say they will spend big to oust Rep. Vicente Gonzalez from his South Texas seat in 2024

Congressional Republicans’ campaign arm will make another effort to unseat the South Texas Democrat who ran in one of the state’s most competitive races last year.

Tribune News Service

As Supreme Court considers student loan forgiveness, states may expand their programs

As the U.S. Supreme Court mulls the constitutionality of President Joe Biden’s broad student loan forgiveness plan, lawmakers in many states are looking to expand their own student debt repayment programs.

The Guardian - UK

First Thing: Everything Everywhere All at Once triumphs at Oscars

Multiverse fantasy picks up seven awards including best picture and best actress while All Quiet on the Western Front wins four. Plus, long shadow of US invasion of Iraq still looms 20 years on

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