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Board of Governors of the Federal Reserve System:
Joint Statement by Treasury, Federal Reserve, and FDIC — Board of Governors of the Federal Reserve System — Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:
Discussion:
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Washington Post:
U.S. officials weigh protecting all deposits at Silicon Valley Bank — Extraordinary step eyed if plan to sell SVB to another institution fails — Federal authorities are seriously considering safeguarding all uninsured deposits at Silicon Valley Bank, weighing an extraordinary intervention …
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New York Times:
Regulators Race to Contain Silicon Valley Bank Fallout and Close Signature Bank — The Treasury, Federal Reserve and Federal Deposit Insurance Corporation unveiled a plan to contain fallout from the collapse of Silicon Valley Bank. — Federal regulators announced on Sunday that they would ensure …
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Ken Sweet / Associated Press:
Can the chaos from Silicon Valley Bank's fall be contained? — Can Washington come to the rescue of the depositors of failed Silicon Valley Bank? Is it even politically possible? — That was one of the growing questions in Washington Sunday as policymakers tried to figure out whether …
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Board of Governors of the Federal Reserve System:
Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors — To support American businesses and households, the Federal Reserve Board on Sunday announced …
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Fortune and The Information
NBC News:
Treasury says it will back Silicon Valley Bank deposits — The bank, a favorite of tech startups, was shut down Friday amid a run on deposits. A buyout was widely seen as the best solution amid an unsure sector. — The U.S. Treasury on Sunday announced it would back Silicon Valley Bank deposits beyond …
Jeff Cox / CNBC:
Regulators unveil plan to assure depositors will get money after SVB collapse — Banking regulators devised a plan Sunday to backstop depositors and protect financial institutions with money at Silicon Valley Bank, a critical step in stemming a feared panic over the collapsed tech-focused institution.
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The Hill, CBS News, KNSD-TV, NPR, New York Post, The Information, TechCrunch and Just The News
Politico:
'There's going to be more': How Washington is bracing for bank fallout — The sudden collapse of Silicon Valley Bank has sent shockwaves across Washington, sparking fears that its failure could threaten the financial system and rattle the economy. — Lawmakers are scrambling to get information …
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CNBC, NBC News, Power Line, RedState, Prada's Newsletter, Wall Street Journal, Gideon's Substack, Fortune, The Times of Israel, HotAir, CNN, East Bay Times and The Information
ABC News:
Silicon Valley Bank collapse: Treasury, Fed and FDIC announce steps to ensure deposits will be paid in full
Silicon Valley Bank collapse: Treasury, Fed and FDIC announce steps to ensure deposits will be paid in full
Discussion:
Washington Examiner, Bloomberg, Theta Serpentis Vox, Fortune and Newcomer
CBS News:
Transcript: Treasury Secretary Janet Yellen on “Face the Nation,” March 12, 2023
Transcript: Treasury Secretary Janet Yellen on “Face the Nation,” March 12, 2023
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A.G. Gancarski / Florida Politics:
Ron DeSantis blames Silicon Valley Bank's collapse on DEI
Ron DeSantis blames Silicon Valley Bank's collapse on DEI
Discussion:
Too Close To Call, Fox News, Joe.My.God., The Post Millennial and Political Wire
Washington Post:
Biden will approve Alaska oil project, alongside Arctic protections — The administration will approve three pads for the Willow drilling project, according to people familiar with the matter. The move comes after announcing a new ban on U.S. oil and gas leasing in the Arctic Ocean.
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CBS News, The DePaulia, Political Wire, Politico and RedState
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Lisa Friedman / New York Times:
Administration to Approve Huge Alaska Oil Project on Monday, Two Officials Say
Administration to Approve Huge Alaska Oil Project on Monday, Two Officials Say
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The Hill, Wall Street Journal, Bloomberg, Politico and The Guardian
CNN:
Biden will announce sweeping protections preventing new Arctic drilling ahead of Willow decision
Biden will announce sweeping protections preventing new Arctic drilling ahead of Willow decision
Discussion:
The Hill
Chris Megerian / Associated Press:
As Biden weighs Willow, he saves other areas from drilling
As Biden weighs Willow, he saves other areas from drilling
Discussion:
Associated Press, WTOP News, New Jersey Online, Politico and One America News Network
Anshel Pfeffer / Haaretz:
Netanyahu's Response to Iran-Saudi Deal Shows a Growing Detachment From Reality — Benjamin Netanyahu's insistence that he is the one leading the Western world's fight against Iran and that peace with the Saudis is within reach shows how disconnected he is both at home and abroad
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Wall Street Journal and Associated Press
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Wall Street Journal:
China Plans New Middle East Summit as Diplomatic Role Takes Shape
China Plans New Middle East Summit as Diplomatic Role Takes Shape
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RedState, Vatican News, eeas.europa.eu, East Bay Times, Common Dreams, New York Post and The Hill
Vivian Nereim / New York Times:
From ‘Hitler’ to ‘Sharing One Fate’: Saudi-Iran Pact Could Transform the Middle East
From ‘Hitler’ to ‘Sharing One Fate’: Saudi-Iran Pact Could Transform the Middle East
Discussion:
HotAir
Dean Obeidallah / The Dean's Report:
If Mike Pence continues his refusal to tell investigators the details of Trump's Jan 6 attack, he must be viewed as complicit — Why does the media cheer Pence for doing the bare minimum?! — Here we go again: Mike Pence is being praised for simply saying the truth about Donald Trump and the Jan 6 attack.
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Politico:
Playbook: Pence goes where no 2024 contender has gone before
Playbook: Pence goes where no 2024 contender has gone before
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Mother Jones, RedState, CBS News and Insider
Stephen Neukam / The Hill:
McCaul says Pence right in condemning Trump for Jan. 6
McCaul says Pence right in condemning Trump for Jan. 6
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Sarah K. Burris / Raw Story:
A former producer of the largest Fox show calls Trump supporters inbred ‘terrorists’ — Anyone who has lost a family member to right-wing conspiracy theories knows that Fox News has been a key piece of that. Now it's being revealed that even Fox execs view their own viewers with the most offensive terms.
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Kyle Cheney / Politico:
Prosecutors say newly aired Chansley footage paints misleading portrait of his Jan. 6 conduct — Prosecutors on Sunday rejected the notion that newly public footage of Jacob Chansley — known as the QAnon Shaman — accompanied by police in the Capitol undercuts his criminal conduct on Jan. 6, 2021.
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CNN, Washington Examiner, PoliticusUSA and HotAir
Doug Livingston / Akron Beacon Journal:
Two arrested after protesters and supporters clashed at Wadsworth drag queen story hour — Hundreds of protesters, including armed white supremacists, and LGBT-community supporters descended on Wadsworth's Memorial Park on Saturday as a humanist group tried to put on a drag queen storytelling event for children.
Martin Pengelly / The Guardian:
McCarthy: January 6 tapes to be ‘slowly’ rolled out to networks besides Fox News — Republican House speaker has only let Fox News see the tapes so far, giving access to the primetime host Tucker Carlson — The Republican speaker of the US House, Kevin McCarthy, said on Sunday he would …
Discussion:
No More Mister Nice Blog, The Hill, PoliticusUSA, Washington Times and Alternet.org
Jodi Picoult / The Daily Beast:
What Florida Doesn't Want You to Know About Its Book Bans — My books are among those getting pulled off shelves, but here is why we should should care about all of them. … The seventh time I learned that my novel Nineteen Minutes was being banned in a school district, I was watching a book burning.
Laura Reiley / Washington Post:
Moooove over: How single-celled yeasts are doing the work of 1,500-pound cows — Cowless dairy is here, with the potential to shake up the future of animal dairy and plant-based milks — BERKELEY, Calif. — The first course was a celery root soup lush with whole milk.
CNN:
Norfolk Southern balks at compensating homeowners in East Palestine — Jim Stewart was getting ready to sell his home in East Palestine, Ohio, and retire. Then came the derailment of a Norfolk Southern train on February 3, releasing toxic chemicals into the air and nearby water, and he fears crashing the value of his home.