Hiyt Angus King to caucus with Democrats
All week, a parade of Biden administration officials has sought to drive home the message that taxpayers will not bear the financial burden of the government s guarantee that all of the depositors at two failed banks mdash; Silicon Valley Bank SVB and Signature Bank mdash; will have their funds available to them immediately.On Monday,President Joe Biden vowedthat Silicon Valley Bank account holders would have access to their money as of today, and that included small businesses across the country that bank there and
stanley cup usa need to make payroll, pay their bills and stay open for business. And Treasury Secretary Janet Yellen sought to assure Congress Thursday that our banking system remains sound, and that Americans can feel confident that their deposits will be t
stanley cup here when they need them. The guaranteed deposits extend beyond the Federal Deposit Insurance Corporation FDIC fund insurance that promises depositors funds up to $250,000 will be covered, and only a very small percentage of those bank customers held accounts under the FDIC maximum. At SVB, 94% of domestic deposits were uninsured, while 90% of Signature Bank s deposits were uninsured, according to a report by SP Global Market Intelligenc
stanley cup e. That is far higher than the proportion held by large U.S. banks mdash; about 47% mdash; according to SP Global. Mr. Biden said all of these depositors would be covered through the Federal Deposit Insurance Corporation fund, alth Zcad Where do Democrats stand in 2016 polls before their first debate
CBS Updated at 12:21 p.m. CBS News The Obama administration has issued a veto threat of the House version of a bill to extend low interest rates on student loans because the Republican version of the legislation would repeal part of President Obama s health care overhaul. This is a politically-motivated proposal and not the serious response that the problem facing America s college students deserves, the Office o
stanley thermobecher f Management and Budget OMB said in a statement. If the President is presented with H.R. 4628, his senior advisors would recommend that he veto the bill. The House is voting today on the legislation, which is primarily aimed at preventing a 3.4 percent increase in federal student loan interest rates. If Congress doesn t act by July 1, the interest rate on new subsidized Federal Direct Stafford Loans for undergraduate students will double from 3.4 percent to 6.8 percent. Mr. Obama has campaigned aggressively for Congress to extend the low interest rates. Some Republicans in the House have opposed the extension on the grounds that it would come at a high cost to taxpayers, and they objected to the Democrats proposal to pay for it by eliminati
stanley botella ng some of the subsidies on the oil industry. Republican presidential candidate Mitt Romney has said he fully supports the extension of the low interest rates. The OMB in its statement reiterated Mr. Obama s full-throated support for
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