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There was one answer, he said, that would always be acceptable in his class filled with second-year students at the U.S. Military Academy. President Joe Biden, in his first campaign address of the year, warned about Trump's rhetoric on the military and its leadership. With cadets and midshipmen drawn from across the United States, students at West Point and other service academies are aware of the national mood and the potential for political divisions to seep into the military. At West Point, the Constitution and the oaths are not only embedded throughout the curriculum, they also permeate the campus. Avoiding it would not be an option, said Reeves, whose family ties to West Point date to the 19th century.

Persons: Joe Amoroso quizzed, ”, ” Amoroso, It’s, Trump, Mark Milley, Joe Biden, Milley, Marybeth Ulrich, Darrell Miller, Democrat Biden, Miller, “, Bryan Agustin, Ulysses S, Grant, Dwight D, Eisenhower, Shane Reeves, Jan, Reeves, Biden, – Organizations: U.S . Military Academy, Hesitantly, Joint Chiefs of Staff, West, Trump, Air Force Academy, U.S . Capitol, Civil, Military Relations, Space Force, Buckley Space Force Base, Democrat, Republican Trump, Defense, Goodfellow Air Force Base, Union Army, 101st Airborne, Central High School, GOP, Associated Press, AP Locations: United States, Denver, Texas, West, Little Rock , Arkansas, Brig

☆ Biden criticizes US companies for keeping raised prices high 'even as inflation has come down'
▼ + stars: | 2023-11-28 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

President Biden criticized companies that have failed to bring prices down even as inflation eases. The White House has blamed inflation on issues like supply chain disruptions and Russia's invasion of Ukraine. The president also said companies that are taking advantage of inflation to boost profits are "price gouging." The Commerce Department has developed new tools to assess risks to the supply chain and has partnered with the Energy Department on the supply of renewable energy resources. The supply chain group is co-chaired by Lael Brainard, the White House National Economic Council director, and Jake Sullivan, the White House national security adviser.

Persons: Biden, —, Joe Biden, we've, Democrat Biden, Lael Brainard, Jake Sullivan Organizations: Service, Monday, Democrat, Human Services Department, Cabinet, The Commerce Department, Energy Department, Shipping, Transportation Department, White, National Economic Council, White House, White House Council, Economic Advisers, National Intelligence, Management, Science, Technology Locations: Ukraine, United States, U.S

Circuit Court of Appeals found that immigration advocates lacked the legal authority to sue Abbott over the transportation prohibition. Abbott, a Republican, has criticized Democrat Biden for failing to adequately secure the border and stepped up the state's response to record migrant arrivals in recent years. The 5th Circuit found that Abbott's authority as governor barred the immigration advocates from challenging the executive order. A U.S. district court judge in September ordered Texas to move the barriers, but the 5th Circuit stayed that ruling pending an appeal by Texas. Reporting by Ted Hesson in Washington and Dan Wiessner in Albany, New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Greg Abbott, Abbott, Joe Biden's, Biden, Ted Hesson, Dan Wiessner, David Gregorio Our Organizations: Customs, Protection, U.S, Texas, Circuit, Appeals, Republican, Thomson Locations: Central America, Anzalduas, Rio Grande, United States, Mexico, Granjeno , Texas, U.S, WASHINGTON, New Orleans, Rio, Texas, Washington, Albany , New York

☆ US Appeals Court Tosses Lawsuit Over Texas Migrant Transportation Bar
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

By Ted Hesson and Daniel WiessnerWASHINGTON (Reuters) -A U.S. federal appeals on Friday sided with Texas Governor Greg Abbott on technical grounds over a 2021 executive order that restricted transport of migrants through the state, saying a lower court should dismiss a related legal challenge. Circuit Court of Appeals found that immigration advocates lacked the legal authority to sue Abbott over the transportation prohibition. The 5th Circuit found that Abbott's authority as governor barred the immigration advocates from challenging the executive order. A U.S. district court judge in September ordered Texas to move the barriers, but the 5th Circuit stayed that ruling pending an appeal by Texas. (Reporting by Ted Hesson in Washington and Dan Wiessner in Albany, New York; Editing by David Gregorio)

Persons: Ted Hesson, Daniel Wiessner WASHINGTON, Greg Abbott, Abbott, Joe Biden's, Biden, Dan Wiessner, David Gregorio Organizations: U.S, Texas, Circuit, Appeals, Republican Locations: New Orleans, Rio, U.S, Texas, Washington, Albany , New York

WASHINGTON (AP) — Republican Mike Johnson is the new speaker of the House, but the ally of Donald Trump inherits many of the same political problems that have tormented past GOP leaders, tested their grasp of the gavel and eventually chased them out of office. But the goodwill toward Johnson blurs the political fault lines challenging the Louisianan's ability to lead the GOP majority as it faces daunting issues ahead. While not the party's top choice for the gavel, the deeply religious and even-keeled Johnson has few foes and an important GOP backer: Trump. In the House, far-right members had refused to accept a more traditional speaker, and moderate conservatives didn't want a hard-liner. A lawyer specializing in constitutional issues, Johnson had rallied Republicans around Trump’s legal effort to overturn the 2020 election results.

Persons: Mike Johnson, Donald Trump, Kevin McCarthy, Johnson, Joe Biden, Biden, ” Johnson, “, ” Trump, “ He’s, ” Biden, it’s, didn't, Matt Gaetz, McCarthy, Democrat Biden, MAGA, ”, Suzan DelBene, Israel ”, John Boehner, Paul Ryan, Newt Gingrich, Tom Emmer, Jim Jordan, Steve Scalise, Jill Colvin, Darlene Superville Organizations: WASHINGTON, —, GOP, Republican, Trump, Democrat, “ Republicans, Democrats, Lawmakers, Republicans, Hamas, Jordan’s, Associated Press Locations: Israel, Ukraine, York, Washington, Russia, Louisiana, New York

☆ Biden's Israel stance angers Arab, Muslim Americans; could jeopardize 2024 votes
▼ + stars: | 2023-10-24 | by ( Andrea Shalal | ) www.reuters.com time to read: +7 min

In hotly contested Michigan, Arab Americans account for 5% of the vote. In other battleground states Pennsylvania and Ohio, they are between 1.7% to 2%, said Jim Zogby, president of the Arab American Institute. Arab and Muslim Americans are unlikely to back Trump but could sit out the election and not vote for Biden, some activists said. Some Arab American and Muslim appointees are scared of backlash and reprisals and worried about family members in the region, said one White House official, who is Arab American. Secretary of State Antony Blinken acknowledged the personal difficulties some staff are facing in a Thursday letter, and met Monday with Palestinian and Arab American community leaders and Jewish American groups.

Persons: Bonnie Cash, Joe Biden's, Biden, Biden's, Donald Trump, Jim Zogby, Trump, Laila El, Haddad, Abdullah Hammoud, Linda Sarsour, Sa'ed Atshan, Barack Obama, Jeff Zients, Anita Dunn, Jake Sullivan, Jon, Antony Blinken, Josh Paul, Andrea Shalal, Kanishka Singh, Simon Lewis, Heather Timmons, Grant McCool Organizations: Palestine, REUTERS, Rights, Muslim, Republican, Arab American Institute, Michigan, Trump, United Nations, Arab American Association of New, Islamic Relations, Quaker Palestinian, Pennsylvania's Swarthmore College, White, Gaza, Muslim American, White House, Palestinian, Jewish, Political, Military Affairs, Thomson Locations: Gaza, Washington , U.S, Israel, Michigan, Pennsylvania, Ohio, Maryland, Canada, American, Dearborn , Michigan, U.S, Arab American Association of New York, Quaker Palestinian American, Arab American

☆ Biden's Israel stance angers Arab, Muslim-Americans; could jeopardize 2024 votes
▼ + stars: | 2023-10-24 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

[1/2] U.S. President Joe Biden has demonstrated unwavering support for Israel's security over a half century in public life. In other battleground states Pennsylvania and Ohio, they are between 1.7% to 2%, said Jim Zogby, president of the Arab American Institute. Arab and Muslim Americans are unlikely to back Trump but could sit out the election and not vote for Biden, some activists said. U.S. officials with family in the region are doubly stressed by the "ambassadorial" role they play as they field agitated messages from relatives and others angry at Biden's Israel strategy. Secretary of State Antony Blinken acknowledged the personal difficulties some staff are facing in a Thursday letter, and met Monday with Palestinian and Arab American community leaders and Jewish American groups.

Persons: Joe Biden, Biden, Benjamin Netanyahu, Joe Biden's, Biden's, Donald Trump, Jim Zogby, Trump, Laila El, Haddad, Abdullah Hammoud, Linda Sarsour, Sa'ed Atshan, Barack Obama, Jeff Zients, Anita Dunn, Jake Sullivan, Jon, Antony Blinken, Josh Paul, Andrea Shalal, Kanishka Singh, Simon Lewis, Heather Timmons, Grant McCool Organizations: Israeli, Hamas, Muslim, Republican, Arab American Institute, Michigan, Trump, Arab American Association of New, Islamic Relations, Quaker Palestinian, Pennsylvania's Swarthmore College, White, Muslim American, White House, Palestinian, Jewish, Political, Military Affairs, Thomson Locations: Israel, Tel Aviv, WASHINGTON, Gaza, Michigan, Pennsylvania, Ohio, Maryland, Dearborn , Michigan, U.S, Arab American Association of New York, American, Arab American

GRANADA, Spain, Oct 5 (Reuters) - European leaders are expected to assure Ukrainian President Volodymyr Zelenskiy of long-term support on Thursday after U.S. President Joe Biden voiced fears that Republican infighting in Congress could hurt American policy on continuing aid to Kyiv. Zelenskiy is expected to attend a summit in the Spanish city of Granada of the European Political Community - a forum to foster cooperation among more than 40 countries established last year following Russia's invasion of Ukraine. In Slovakia, former prime minister Robert Fico's party came first in a general election at the weekend after pledging to halt military aid to Ukraine. In Poland, Prime Minister Mateusz Morawiecki said last month his country was no longer arming Ukraine and was focusing on rebuilding its own weapon stocks. Armenian Prime Minister Nikol Pashinyan is expected to attend the summit and European officials said they were keen to find ways to help his government cope with the immediate humanitarian crisis and provide political and economic support.

Persons: Volodymyr Zelenskiy, Joe Biden, Zelenskiy, Emmanuel Macron, Olaf Scholz, Rishi Sunak, Democrat Biden, Biden, Robert Fico's, Mateusz Morawiecki, Scholz, Ilham Aliyev, Macron, Charles Michel, Nikol Pashinyan, Andrew Gray, Andreas Rinke, Grant McCool Organizations: Political, British, U.S, Republican, Democrat, Senate, European Union, NATO, Kyiv, European, EU, Baku, Thomson Locations: GRANADA, Spain, Kyiv, Zelenskiy, Spanish, Granada, Ukraine, Europe, U.S, Slovakia, Poland, BALKANS, Azerbaijan, Armenia, Serbia, Kosovo, Nagorno, Karabakh, Berlin

Not only in the EU but in all of Europe," Zelenskiy said on his arrival, warning of Russian "disinformation attacks". "It does worry me," Biden said on Wednesday, though he added that a majority of U.S. lawmakers continued to support funding Ukraine. In Slovakia, former prime minister Robert Fico's party came first in a parliamentary election on pledges of halting military aid to Ukraine, while Polish Prime Minister Mateusz Morawiecki has said Warsaw was no longer arming Ukraine. German Chancellor Olaf Scholz said on Wednesday he was "very confident" that U.S. support for Ukraine would continue. Many EU leaders have condemned the Azerbaijani operation, which triggered an exodus of more than 100,000 ethnic Armenians.

Persons: Zelenskiy, Spain Zelenskiy, Volodymyr Zelenskiy, Joe Biden, U.N, Emmanuel Macron, Olaf Scholz, Rishi Sunak, Democrat Biden, Biden, Ursula von der Leyen, Robert Fico's, Mateusz Morawiecki, Pedro Sanchez, Ilham Aliyev, Belen Carreno, Andreas Rinke, Anna Pruchnicka, Gareth Jones Organizations: Political, EU, British, U.S, Republican, Democrat, European Commission, Kyiv, Polish, European Union, NATO, Spanish, Thomson Locations: Spain, Europe, Balkans, Caucasus, Granada, GRANADA, Kyiv, Spanish, Ukraine, Norway, Albania, Russia, Poland, Brussels, U.S, Slovakia, Warsaw, EU, East, Africa, Azerbaijan, Armenia, Serbia, Kosovo, Nagorno, Karabakh, Baku, Berlin

U.S. President Joe Biden joins striking members of the United Auto Workers (UAW) on the picket line outside the GM's Willow Run Distribution Center, in Bellville, Wayne County, Michigan, September 26, 2023. Democrat Biden traveled to a Belleville, Michigan, parts distribution center owned by General Motors (GM.N), and joined dozens of picketers outside. Auto company sources said Biden's support for a 40% pay hike may make it harder to reach a compromise with the UAW. Calling Biden's visit a "historic moment in time," Fain accused CEOs of taking the profits and leaving workers to "fight for scraps." Biden's Michigan visit represents the most support a sitting president has shown striking workers since Theodore Roosevelt invited striking coal workers to the White House in 1902, historians said.

Persons: Joe Biden, Evelyn Hockstein, Donald Trump, Democrat Biden, Biden, you've, Trump, Tesla, Elon Musk, autoworkers, Shawn Fain, Fain, Biden's, Dave Urban, Ronald Reagan, Jason Miller, Theodore Roosevelt, Jeff Mason, Nandita Bose, Jarrett Renshaw, Nathan Layne, David Shepardson, Heather Timmons, Nick Zieminski, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Tuesday, Republican, Democrat, General Motors, Companies, U.S, Auto, Biden, Twitter, Secret Service, Drake Enterprises, AFL, EV, Trump, GM, Ford, Chrysler, Detroit, Washington, Democratic, Michigan, White House, Thomson Locations: Bellville, Wayne County , Michigan, Rights BELLEVILLE , Michigan, Michigan, Belleville , Michigan, Detroit, U.S, Pennsylvania, Wisconsin, Biden's Michigan, Washington, Philadelphia, Wilton , Connecticut

Trump remains politically viable despite a battery of federal and state criminal charges revolving around his attempts to overturn Biden's 2020 election win and his mishandling of classified documents since leaving office. But in a worrisome result for Biden, Trump held a small advantage in the seven states where the 2020 presidential election was closest: Georgia, Arizona, Wisconsin, Pennsylvania, North Carolina, Nevada and Michigan. The Reuters/Ipsos poll was conducted online nationwide from Sept. 8 through Sept. 14, gathering responses from 4,413 U.S. adults. Eighty-eight percent of respondents in the poll, including strong majorities of Republicans, Democrats and independents, said crime would be an important issue for determining their vote. Republicans could benefit: Independents favored Republicans over Democrats on the issue by 34% to 22%, according to the poll.

Persons: Donald Trump, Joe Biden, Chip Somodevilla, Joe Biden's, Biden, Trump, Biden's, Roe, Wade, Jason Lange, James Oliphant, Scott Malone, Grant McCool Organizations: Democratic, Belmont University, Rights, Reuters, Republican, Trump, Republicans, Biden, Democrat, U.S, Supreme, Democratic Party, Democrats, Independents, Thomson Locations: Nashville , Tennessee, U.S, Georgia, Arizona , Wisconsin , Pennsylvania, North Carolina , Nevada, Michigan

REUTERS/Shannon Stapleton/File photo Acquire Licensing RightsWASHINGTON, Sept 1 (Reuters) - A federal judge will sentence two more members of the far-right Proud Boys on Friday who stormed the U.S. Capitol on Jan. 6, 2021, in a failed bid by then-President Donald Trump's supporters to block Congress from certifying President Joe Biden's election victory. The second defendant, Ethan Nordean, was a leader of the group who was convicted of seditious conspiracy and other crimes. The sentencing of Pezzola and Nordean follows U.S. District Judge Timothy Kelly on Thursday ordering two other former Proud Boys leaders, Joseph Biggs and Zachary Rehl, to serve 17 years and 15 years in prison, respectively. The government is seeking a 20-year prison term for Pezzola and a 27-year term for Nordean. Former Proud Boys Chairman Enrique Tarrio will be sentenced on Sept 5.

Persons: Shannon Stapleton, Donald Trump's, Joe Biden's, Dominic Pezzola, Ethan Nordean, Trump, Biden, Pezzola, Nordean, Timothy Kelly, Joseph Biggs, Zachary Rehl, Biggs, Stewart Rhodes, Rehl, Mark, Nick Smith, Smith, Enrique Tarrio, Sarah N, Lynch, Makini Brice, Scott Malone, Grant McCool Organizations: Trump, U.S, Capitol, U.S . Congress, REUTERS, Rights, Republican, Proud Boys, Capitol Police, Boys, Thomson Locations: Washington , U.S, Washington

☆ One year on, Biden still needs to explain his signature clean energy legislation
▼ + stars: | 2023-08-16 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +6 min

REUTERS/Leah Acquire Licensing Rights Read moreAug 16 (Reuters) - U.S. President Joe Biden on Wednesday marks the first anniversary of signing his signature clean energy legislation called the Inflation Reduction Act by leading a campaign to better explain to Americans what, exactly, it does. Twelve months after it passed, the law commonly referred to as the IRA, like most major U.S. legislation, is drawing mixed reviews. Meanwhile, many Americans, even those who support Biden, don't know much about it, according to Reuters opinion polls. Biden has expressed regret at calling the bill the Inflation Reduction Act. "Voters hear the Inflation Reduction Act, but they do not see their grocery bills coming down.

Persons: Joe Biden, Leah, Biden, Democrat Biden, Donald Trump, Moody's, MARK Biden, Goldman Sachs, WHAT'S, Jimmy Siegel, Jarrett Renshaw, Nichola Groom, Moira Warburton, Heather Timmons, Grant McCool Organizations: Infrastructure Law, White, REUTERS, Democrat, U.S, Republican, LOVE, Wall Street, Bank of America, Democrats, Credit Suisse, University of Pennsylvania’s Wharton Business School, Reuters, Washington Post, University of Maryland, White House, Democratic, Thomson Locations: Washington , U.S, U.S, Utah

"The situation is already very bad for dollar-based funds to invest in China's tech sector. There isn't much room for things to get worse," said Beijing-based China Growth Capital partner Wayne Shiong. Biden's move will likely make China-focussed venture capital firms feel more urgency to raise yuan funds from Chinese investors, he said. In response to Biden's executive order, China's commerce ministry said it was "gravely concerned" and reserved the right to take countermeasures. But the executive order is barely going to do anything, and China escalating would risk turning a molehill into a mountain."

Persons: Florence Lo, Joe Biden's, Donald Trump, Weiheng Chen, Wilson Sonsini, Biden, Chen, Wayne Shiong, Biden's, Yuan, Pan, Trump, Derek Scissors, Kane Wu, Michael Martina, Roxanne Liu, Ziyi Tang, Yantoultra, Sumeet Chatterjee, William Mallard Organizations: REUTERS, U.S, Reuters Graphics Reuters, China Growth Capital, Chinese Academy of Social Sciences, TECH, Hua Hong Semiconductor, Analysts, American Enterprise Institute, Thomson Locations: China, U.S, HONG KONG, WASHINGTON, Beijing, Washington, Shanghai, Hong Kong, Singapore, Bengaluru

☆ Trump, Biden campaigns spar over support of UAW workers, EV mandates
▼ + stars: | 2023-07-20 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Trump, the former Republican president seeking a return to office in 2024, said Democrat Biden was "waging war on the U.S. auto industry" through "crippling" electric vehicle mandates and urged the UAW to endorse him. Biden's campaign responded that Trump was "the most anti-union president in modern history, stacking his cabinet with anti-union officials." Trump said he advocated trade policies to help U.S. autoworkers during his presidency, including renegotiating trade deals. Biden's campaign said that he supported incentives that helped dramatically add more U.S. electric vehicle and battery production. Earlier this month the UAW called on the Biden administration to soften its proposed vehicle emissions rules.

Persons: Donald Trump, Joe Biden, Trump, Biden, Biden's, Shawn Fain, Fain, David Shepardson, Matthew Lewis Organizations: United Auto Workers, Republican, U.S, UAW, autoworkers, General Motors, Ford Motor, Chrysler, Republicans, U.S . Environmental Protection Agency, EPA, Thomson Locations: United States, Washington

☆ Factbox: Biden, McCarthy debt ceiling deal - what's in, what's out
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

PERMITTING CHANGESA compromise is possible on reforming the process for energy permits and White House officials say it is being actively discussed. The White House has called on Congress to pass permitting legislation that would help speed up clean energy and fossil fuel projects. The White House has for the most part ruled out Republican spending cuts. But Republicans are insistent that any debt ceiling deal will have to including spending cuts, and negotiations continue on this front. The White House has countered with a proposal for capping spending for two years.

If Biden and McCarthy reach a deal, possibly as soon as Sunday, Congress could struggle to get enough votes for passage ahead of a June. Liberal Democrats, including Senator Raphael Warnock and Representative Ro Khanna, put Biden on notice that they do not support more stringent requirements to existing law. Republicans have called for saving $120 billion by expanding work requirements to qualify for food aid, monetary help for poor families and other assistance. Warnock accused Republicans of "using poor people as pawns" in negotiations, saying their proposal "presupposes that poor people are in some way morally deficient. The Republican-controlled House Ways and Means Committee describes the steps as "common-sense work requirements to help lift families out of poverty and revitalize the American workforce."

The White House has not ruled out the annual spending caps that Republicans say must accompany any increase in the nation's $31.4 trillion debt limit. Republicans, who control the House, for their part, are not insisting on other conditions that the White House has deemed off limits, such as a repeal of the green-energy incentives in Biden's Inflation Reduction Act of 2022. Biden told reporters on Sunday that he thought both sides wanted to reach a deal. "I still think we're far apart," McCarthy told reporters. BUDGET TALKSBiden has insisted that Congress must increase the country's borrowing capacity without conditions, but the White House says it is also willing to discuss budget matters with House Republicans.

☆ Biden's budget vs. House debt limit bill on spending, deficits, taxes
▼ + stars: | 2023-05-15 | by ( David Lawder | ) www.reuters.com time to read: +6 min

U.S. House of Representatives Speaker Kevin McCarthy and his fellow Republicans' "Limit Save and Grow Act" is a spending reduction bill that would cut 2024 federal discretionary spending to fiscal 2022 levels and rescind signature Biden programs already approved by Congress. Republicans: The House bill would cut 2024 U.S. discretionary spending back to the 2022 level of $1.664 trillion and limit subsequent annual increases to 1% for a decade. The discretionary spending proposals would add $2.23 trillion to deficits over 10 years, offset by tax increases. Biden: Full enactment of the fiscal 2024 budget request would reduce deficits by $2.857 trillion, according to the White House. Estimates for Biden's budget request are from the White House, as CBO has not yet issued a score.

March 15 (Reuters) - A U.S. judge in Texas is set to hear arguments on Wednesday in a bid by anti-abortion groups to ban sales of the abortion pill mifepristone across the country, even in states where abortion is legal, as they challenge regulatory approval granted more than two decades ago. Twelve of the 50 states now ban abortion outright while some others prohibit it after a certain length of pregnancy, according to the Guttmacher Institute, a research organization that supports abortion rights. The judge cited death threats and harassment directed at the court during the case and a wish to avoid disruption. After appealing to the 5th Circuit, the losing side could seek to take the matter to the U.S. Supreme Court. Reporting by Brendan Pierson in New York; Editing by Will Dunham and Alexia GaramfalviOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Bing GuanMarch 14 (Reuters) - U.S. President Joe Biden will announce an executive order on Tuesday that reinforces background checks for gun buyers in what the White House is promoting as the most comprehensive policy the president can enact without Congress. In a country with more than 40,000 gun deaths per year, Biden is betting that voters will embrace more proactive gun control. The Biden administration is pointing to public opinion polls that show a majority of Americans support background checks. A Reuters/Ipsos poll last year found 84% of respondents supported background checks for all firearms sales and 70% backed red flag laws. Some gun rights advocates oppose background checks, saying they infringe on constitutional rights to possess arms while failing to stop criminals from getting them.

☆ Biden to defend U.S. banking system after SVB, Signature collapse
▼ + stars: | 2023-03-13 | by ( Simon Lewis | ) www.reuters.com time to read: +4 min

WASHINGTON, March 13 (Reuters) - President Joe Biden will on Monday address a banking crisis that led U.S. regulators to step in with a series of emergency measures after the collapses of Silicon Valley Bank (SIVB.O) and Signature Bank <SBNY.O> threatened to trigger a broader crisis. Biden on Sunday hinted at new regulation of big banks after the biggest U.S. bank failure since the 2008 financial crisis, but faces a divided Congress unlikely to approve tougher new rules. Biden will give remarks on Monday morning on additional plans to keep the economy on track amid a crisis sparked by the sudden collapse of Silicon Valley Bank (SVB) last week, he added. POTENTIAL BANK CHANGESIn coming days, rules introduced after U.S. banks sparked a global financial crisis in 2008 with aggressive mortgage lending may come under the spotlight. Silicon Valley bank had $209 billion in assets at the end of last year.

☆ Biden to defend US banking system after SVB, Signature collapse
▼ + stars: | 2023-03-13 | by ( Simon Lewis | ) www.reuters.com time to read: +3 min

WASHINGTON, March 13 (Reuters) - President Joe Biden will on Monday address a banking crisis that led U.S. regulators to step in with a series of emergency measures after the collapses of Silicon Valley Bank (SIVB.O) and Signature Bank threatened to trigger a broader systemic crisis. Biden on Sunday hinted at new regulation of big banks after the biggest U.S. bank failure since the 2008 financial crisis, but faces a divided Congress unlikely to approve tougher new rules. Biden would give remarks on Monday morning on additional plans to keep the economy on track amid a crisis sparked by the sudden collapse of Silicon Valley Bank (SVB) last week, he added. Rules introduced after U.S. banks sparked a global financial crisis in 2008 by aggressive mortgage lending may come under the spotlight in coming days. Silicon Valley bank had $209 billion in assets at the end of last year.

WASHINGTON, Jan 23 (Reuters) - The White House said on Monday that a search by the Justice Department of President Joe Biden's home on Friday had been carried out after a "voluntary, proactive offer" by his personal lawyers to the department. It was the latest in a string of discoveries of classified documents at Biden's Wilmington home and at a temporary office at the University of Pennsylvania. "This was a voluntary, proactive offer by the president's personal lawyers to DOJ to have access to the home," said White House spokesperson Ian Sams. Sams declined to provide more clarity on the exact content of the materials taken from the Wilmington house. Biden had been kept informed throughout this process, the White House said.

☆ All eyes on Germany when defense leaders meet on arming Ukraine
▼ + stars: | 2023-01-18 | by ( Idrees Ali | Thomson Reuters | National Security Correspondent Focusing On The Pentagon In Washington D.C. Reports On U.S. Military Activity | ) www.reuters.com time to read: +4 min

REUTERS/Ints KalninsWASHINGTON, Jan 18 (Reuters) - When dozens of defense ministers meet at an airbase in Germany on Friday, all eyes will be set on what Berlin is - and is not - willing to provide Ukraine. U.S. Defense Secretary Lloyd Austin had been set to meet German Defense Minister Christine Lambrecht in Berlin before the Ramstein conference, but she resigned from her post on Monday. Instead, Germany's new Defense Minister Boris Pistorius will host Austin on Thursday. Some Eastern European officials have publicly called on Germany to allow the transfer of Leopard tanks to Ukraine. Well, they're not alone," British Defense minister Ben Wallace said on Monday.

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