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The Latest Breaking News from Maxine Waters

Washington reacts on the fly to Silicon Valley Bank failure

After a frenetic weekend of round-the-clock briefings, U.S. policymakers took the audacious step of guaranteeing all the deposits of the failed Silicon Valley Bank — even those exceeding the Federal Deposit Insurance Corporation's $250,000 limit

The Independent UK

Biden's test: Can he show competence to avert banking chaos

President Joe Biden is confronting a significant challenge as his administration grapples with the fallout from the second- and third-largest bank failures in history

The Independent UK

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

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109 Dems back GOP's anti-socialism stunt

"This resolution is ... about laying the groundwork to cut Social Security and Medicare," warned Rep. Mark Pocan

Salon

Republicans remove Ilhan Omar from House foreign affairs committee – as it happened

Democrats say congresswoman’s removal from key committee motivated by ‘spite’

The Guardian - US

Megan Thee Stallion, misogynoir at center of shooting trial

Megan Thee Stallion is a three-time Grammy winner and hip-hop superstar, but her success wasn’t enough to shield the 27-year-old artist from misinformation and social media vitriol leveled against her after she was shot in 2020

The Independent UK

‘Uniquely destined to fail’: New FTX CEO describes to Congress mess left behind by SBF

FTX CEO John Ray III was the sole witness during the House Financial Services Committee hearing.

Fortune

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FTX Co-Founder Sam Bankman-Fried To Testify In Front Of US House Financial Committee

Bankrupt cryptocurrency exchange FTX’s co-founder Sam Bankman-Fried announced on Friday that he will testify before Congress

Zenger

US unseals fraud and conspiracy charges against Bankman-Fried - Roll Call

The U.S. brings criminal and civil charges Tuesday against former FTX CEO Sam Bankman-Fired, including one related to campaign finance law.

Roll Call

Sam Bankman-Fried will testify before Congress

Uncertainty looms over next week’s hearings on FTX’s collapse.

Fortune

FTX’s Sam Bankman-Fried to testify before Congress next week

Founder and former CEO says he could talk about what he thinks led to crash and ‘my own failings’

The Guardian - US

Senate Banking Committee: Sam Bankman-Fried will be subpoenaed if he doesn’t agree to attend FTX hearing

After weeks of waffling, the disgraced FTX founder faces an ultimatum.

Fortune

Maxine Waters and SBF. It's complicated

Rep. Maxine Waters is asking Sam Bankman-Fried to testify before Congress—if he does, the encounter could make them both uncomfortable

Fortune

With the GOP in control of the House, here's who's likely to lead key committees

House Republicans make up the majority in the House of Representatives for the 118th Congress. Here's a rundown of the lawmakers likely gaining power in key panels at the beginning of the new year.

WEKU

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Fortune

Congress will be taking a closer look at Sam Bankman-Fried’s political spending spree

The former FTX CEO became the Democratic party’s top donor apart from George Soros during the last election cycle.

Roll Call

Expected Financial Services chair found consensus with Democrats - Roll Call

Democrats said Rep. Patrick T. McHenry, R-N.C., expected Financial Services Committee chair, has sought to find bipartisan consensus.

Tribune News Service

Political divide snags the digital update to anti-redlining law

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Roll Call

Political divide snags the digital update to anti-redlining law - Roll Call

Complaints of partisanship go on regardless which party is trying to update the Community Reinvestment Act for new financial technology.

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Tribune News Service

Renting in the Bay Area on a minimum wage salary? You’ll need at least 3 jobs

Trying to rent a two-bedroom, Bay Area apartment on a minimum-wage salary? You’ll need to hold down at least three full-time jobs to make it happen.

The Independent UK

Oklahoma-based tribes say followed rules on Freedmen rights

Leaders and representatives of five Oklahoma-based tribes have told a U.S. Senate committee they have followed treaties and court rulings regarding the citizenship of Freedmen and that the federal government should respect their sovereignty

Benzinga

'Private Equity Companies Have Bought Up Hundreds Of Thousands Of Single Family Homes' - House Subcommittee Addresses Investments In Single-Family Rentals

The House Committee on Financial Services, led by Chairwoman Maxine Waters, Subcommittee on Oversight and Investigations held a hearing on June 28, 2022, entitled, “Where Have All the Houses Gone?

Benzinga

New Congressional Report On GameStop Trading Frenzy Cites 'Troubling Business Practices, Inadequate Risk Management'

On Friday, the House Financial Services Committee released a report on the 2021 stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood Markets Inc (NASDAQ: HOOD), trading firm Citadel Securities and high-flying stocks like GameStop Corp. (NYSE:

Chicago Sun-Times

Crypto billionaire’s PAC spends nearly $1 million in Illinois Democratic congressional primaries

A PAC bankrolled by crypto billionaire Samuel Bankman-Fried poured $500,065 into television ads to elect Jonathan Jackson to Congress from the 1st District.

Los Angeles Times

Rick Caruso's role in the 2002 rejection of a Black LAPD chief created a furor

LOS ANGELES — Two decades ago, the Los Angeles Police Department faced a defining moment, as crime ticked upward, a massive corruption scandal smoldered and a federal judge pushed to correct the department's long history of civil rights violations.

Benzinga

Who Is Standing In The Way Of Marijuana Legalization? GOP Support For Cannabis Growing Though Slowly

Senate Majority Leader Chuck Schumer (D-NY) recently revealed that in a joint effort with his colleagues, he plans to reach out to Republican senators to find out what "they want" to see included in

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