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Springsteen, Louis-Dreyfus, Kaling among 22 honored by Biden

WASHINGTON (AP) - President Joe Biden welcomed a high-wattage collection of singers, authors, artists and humanitarians to the White House on Tuesday to present them with medals — and then stole the show himself with a quip about seeking reelection.Bruce Springsteen, Julia Louis-Dreyfus, Mindy Kaling and Gladys Knight were among the 22 people and organizations being honored. When author Colson Whitehead’s award was announced, Biden noted that the author of "The Underground Railroad" and "The Nickel Boys" has already won back-to-back Pulitzer Prizes.The president, who is expected to announce for reelection this spring, quickly picked up on that and joked that he was looking "for a back-to-back myself," drawing a laugh from the audience.It was a feel-good event in the East Room, as the honorees stepped forward to receive their awards one by one.

Louis-Dreyfus, who channeled Biden’s resume when she starred in "Veep," jokingly sagged under the weight when the president placed the medal for the arts around her neck. Springsteen, with his everyman persona, looked incongruous in a black suit.

Poet and author Richard Blanco stunned in a teal tuxedo. Knight, the "empress of soul," gave the president a giant hug when he put the medal around her neck.Biden joked that he opens his closet to find designer Vera Wang inside — her clothes, anyway — then said, "Your dresses always look beautiful on my wife."The medals are Biden’s first batch of awards for the arts and humanities and were delayed by the pandemic.

The president surprised Sir Elton John with a National Humanities Medal during a White House musical event last September. Below is the list of 2021 recipients:Judith Francisca Baca: Judith Francisca Baca’s collaborative work has

. president pandemic economy stars Career Rhythm Persona

Joe Biden Elton John Bruce Springsteen Mindy Kaling Vera Wang

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Bank failures, bailouts divide Congress on next steps
WASHINGTON (AP) - Bills were filed, hearings were planned and blame was cast as Congress reacted this past week to the abrupt failure of two banks. A look at what lawmakers are saying and planning as the fallout continues from the collapse of Silicon Valley Bank and Signature Bank.While President Joe Biden called Monday on Congress to strengthen the rules for banks to prevent future failures, lawmakers are divided on whether any legislation is needed.Some congressional leaders are skeptical that a closely divided Congress will act at all."There’s people who are going to choose bills, but I cannot imagine that, with the hold banks have on Republican members of Congress, that we can pass anything significant," said Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking, Housing and Urban Affairs Committee.Republicans say the laws already in place were sufficient to prevent the bank failures, if only regulators had done their job by spotting obvious problems and directing the banks to take steps that would reduce their risk."If there are ideas out there that people have, you know, at some point, we would be willing to entertain those, but I think it would be premature to start talking about solutions before we fully define the problem and ultimately get answers from the regulators about why they were asleep at the job," said Sen.
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