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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:
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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 …
Yun Li / CNBC:
Regulators close crypto-focused Signature Bank, citing systemic risk — U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. — “We are also announcing a similar systemic risk exception for Signature Bank …
Rob Wile / NBC News:
Is Silicon Valley Bank getting a government bailout? Not in the 2008 sense. — Federal officials insisted their emergency measures to shore up deposits wouldn't come at taxpayers' expense. But the public could still bear some indirect costs, one expert warned.
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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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 …
Discussion:
Reuters, The Hill, Josh's Substack, UPI, Fortune, The Information and The Rational Walk
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 …
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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Wall Street Journal, Axios, WOOD-TV, The Guardian, Metro.co.uk, CBS News, Associated Press, TechCrunch, WTOP News, NBC 5 Dallas-Fort Worth, DCReport.org, Florida Politics, National Review, Puck, NPR, ABC News, Politico, Breitbart, Fortune, KOIN-TV, Bloomberg, Washington Examiner, HotAir, NewsNation, East Bay Times, Washington Post, The Gateway Pundit and CNBC, more at Techmeme »
Matthew Monks / Bloomberg:
FDIC Auction for Failed SVB Underway, Final Bids Due Sunday — The Federal Deposit Insurance Corp. kicked off an auction process late Saturday for Silicon Valley Bank, with final bids due by Sunday afternoon, according to people familiar with the matter. — The FDIC is aiming for a swift deal …
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.
Discussion:
Fortune, Engadget, NBC News, New York Post, The Hill and Just The News
Christina Wilkie / CNBC:
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
Discussion:
Wall Street Journal, Raw Story, The Hill and The Post Millennial
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:
Bloomberg, Theta Serpentis Vox and Fortune
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.
Discussion:
The DePaulia, CBS News, Political Wire and Politico
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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
Discussion:
Al Jazeera, Wall Street Journal, The Hill, Bloomberg and Politico
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:
The Guardian, Washington Examiner, Associated Press, WTOP News and New Jersey Online
Adam Wren / Politico:
Inside Pence world's decision to go hard at Trump at the Gridiron — The Friday after Jan. 6, 2021, then-Vice President Mike Pence sat down for his daily devotions, thumbed his Bible to the New Testament and James 1:19, and read these words: “Be quick to listen, slow to speak and slow to become angry.”
Discussion:
Raw Story, USA Today, Alternet.org, The Hill, The Guardian and Insider
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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
If Mike Pence continues his refusal to tell investigators the details of Trump's Jan 6 attack, he must be viewed as complicit
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PJ Media, World Socialist Web Site, Mediaite, UPI, Chicago Sun-Times, New York Post, BizPac Review, Raw Story, Digby's Hullabaloo, The Hill, Breitbart, New York Times, The Western Journal, Fox News, CBS News, Mother Jones, Insider, The Wrap, Rolling Stone, New York Magazine, Politico, New York Daily News, NPR, HotAir, RedState, The Daily Caller, Wall Street Journal, Bloomberg, Washington Times, National Review, Axios, Washington Examiner, Al Jazeera, Political Wire, Vanity Fair, USA Today, Washington Post and CNN
Ed Pilkington / The Guardian:
Fox News braces for more turbulence as second defamation lawsuit advances — New York court greenlights $2.7bn suit against news channel by election company Smartmatic over 2020 presidential election lies — As Rupert Murdoch's Fox Corporation battles to contain the Dominion lawsuit scandal …
Discussion:
Raw Story
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David Edwards / Raw Story:
‘Ratings were dropping’: Fox News reverses course and allows host to report on Dominion lawsuit
‘Ratings were dropping’: Fox News reverses course and allows host to report on Dominion lawsuit
Discussion:
The Hill, Fox News and New York Times
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
Discussion:
Jerusalem Post and Wall Street Journal
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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.
Discussion:
CNN, Washington Examiner, PoliticusUSA and HotAir
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.
Discussion:
Washington Post
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.
Olivia Beavers / Politico:
A third former House GOP candidate alerted to unapproved military records request — Five Republicans have confirmed what the Air Force calls an unauthorized disclosure of personnel files. Colin Schmitt's case indicates that the pursuit of records extended to the Army National Guard.
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.
Jose Luis Gonzalez / Reuters:
Hundreds of migrants try to force their way into US at Mexico border — U.S. officials stopped hundreds of mostly Venezuelan migrants entering the country from Mexico on Sunday after a large group broke through Mexican lines to demand asylum in the U.S., only to be thwarted by barbed wire, barriers and shields.
Discussion:
New York Post, Fox News, NPR and Washington Post