failure
Senate committee report details intelligence failures leading up to Jan. 6 insurrection
Significant intelligence failures left law enforcement unprepared to respond effectively to the pro-Trump Jan. 6, 2021, insurrection attempt at the U.S. Capitol. That was the conclusion of a report released Tuesday by Democratic U.S. Senator Gary Peters of Michigan, who, in his role as chair of the Senate Homeland Security and Governmental Affairs Committee, led […]
White House calls on financial regulators to bring back safeguards for regional banks
WASHINGTON — The Biden administration, placing blame on Trump-era rollbacks, Thursday called on federal banking regulators to reinstate safeguards for regional banks after the record-setting collapse of Silicon Valley Bank and Signature Bank of New York earlier this month. The White House wants the agencies to revive regular stress testing at banks in the $100- […]
Regulators end week like they started — tamping down fears, rescuing a bank
Financial regulators, policymakers, and bank executives spent the week trying to abate fears that a banking crisis will spread across the U.S. financial system. On Friday, President Joe Biden released a statement calling on Congress to take action to make it easier for regulators to hold senior bank executives accountable for their mismanagement. “It should […]
Silicon Valley Bank’s collapse differs from our last financial crisis
After the largest U.S. bank failure in more than a decade, regional bank stocks plunged on Monday as the federal government — with the 2007-2008 financial crisis still a fresh memory for many — rushed to reassure Americans that the U.S. banking system was stable. President Joe Biden told Americans that the risks taken on by failed […]
After a series of winter storms, regulators approve new standards for power plants
Two years after Winter Storm Uri, which caused a massive power failure in Texas that caused more than 200 deaths, and just two months after another storm, Elliott, forced blackouts in parts of the South, the Federal Energy Regulatory Commission has approved new extreme-cold reliability standards for power plants. However, the vote last week on […]
The ‘education governor’ and the threat to public schools
Gov. Sarah Huckabee Sanders’ two inauguration day speeches and slew of executive orders she issued contained a lot of references to GOP red-meat issues: from an alleged “crime wave plaguing our cities” to supposedly creeping big government from Washington. I’m going to focus on the big one: so-called education reform. To reform something is to […]