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Joe Biden - John Thune - Bank failures, bailouts divide Congress on next steps - fox29.com - Usa - Washington - state Ohio - city Washington - state South Dakota
fox29.com
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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.
140 organizations worldwide ask IMF to issue $650 bn to help poor nations - newsfirst.lk - Usa - Sri Lanka - Russia - Argentina - Ukraine
newsfirst.lk
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140 organizations worldwide ask IMF to issue $650 bn to help poor nations
COLOMBO (News 1st) – About 140 organizations worldwide asked the International Monetary Fund to issue at least $650 billion more in reserves to help its member nations grapple with “multiple historic, overlapping, and generally worsening crises.”Allocating more IMF reserve assets known as special drawing rights, or SDRs, “would immediately make hundreds of billions of dollars available to nearly all low- and middle-income IMF member countries without debt or conditions and only requires political will on the part of the fund’s board” the organizations said in a letter to the IMF’s board of governors and its executive board Thursday.Pressure is mounting on the IMF to act as the world’s most financially fragile countries, from Argentina to Ukraine, have burned through the extra IMF reserves they got last year, raising calls for a fresh injection to help them weather higher interest rates, food and fuel costs. In July, key Democratic congressional allies urged President Joe Biden’s administration to support a new injection of resources for countries at the IMF to help them deal with the fallout from Russia’s invasion of Ukraine.With 345 million people facing acute food insecurity — more than double the number in 2019 — and rising interest rates making it more expensive for nations to pay back their dollar-denominated debt as the greenback strengthens, mass anger is triggering instability in many countries and has even led to the ouster of leaders in nations such as Sri Lanka.Signatories to the Thursday letter include the International Chamber of Commerce and the AFL-CIO, the largest US labor federation.
Donald Trump - Regional head of Homeland Security shares concerns about fallout from Trump raid, border security - fox29.com - state Florida - state Ohio - state Texas - Mexico - state Oklahoma - county Dallas - city Cincinnati - county Hayes
fox29.com
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Regional head of Homeland Security shares concerns about fallout from Trump raid, border security
DALLAS, Texas - Federal law enforcement officials say there is growing concern that federal agents will be targeted in retaliation for the FBI executing a search warrant at former President Donald Trump's estate in Florida.Lester Hayes Jr., the new special agent in charge of Homeland Security investigations in the North Texas and Oklahoma region, says federal law enforcement is monitoring potential threats online."I've never witnessed this never thought it would manifest itself in this way," said Hayes. The search of Trump's Mar-a-Lago estate led to armed protests outside the Phoenix FBI office and a shootout in Cincinnati with a man who tried to storm the FBI office.RELATED: Timeline of events leading up to FBI search of Trump's homeRELATED: Ohio FBI shooting: Gunman reportedly threatened agency following raid of Trump's homeHayes has been a member of federal law enforcement for more than 20 years, but only recently came to Dallas.He says he is focused on border security because what comes across Texas-Mexico border often comes through Dallas and on to the rest of the country."Not only drugs, but people," Hayes said. "They are all traveling on the same highway." The Department of Homeland Security is also conducting multiple investigations into catalytic converter thefts across North Texas.A Dallas man confronted a suspect who appeared to be in the middle of stealing a catalytic converter from his van last week.The car parts are then sold overseas for millions of dollars, according to Hayes.Hayes is asking the community to help law enforcement catch criminals."We want to get out in the community.
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