Amid a spectacular banking crash over the weekend, the Federal Reserve and U.S. Treasury have intervened to guarantee $230.6 billion of uninsured deposits at Silicon Valley Bank (SVB) totaling $151.6 billion in California and Signature Bank in New York totaling $79 billion. It goes without saying this is a terrible precedent. There are $20.8 trillion of checkable and time and savings deposits of which $1 trillion is said to be uninsured—that is, those in accounts above the statutory $250,000 limit for Federal Deposit Insurance—in U.S. affiliated banks as of March 9, according to the latest data compiled by the Federal Reserve. Are the Fed and Treasury planning on guaranteeing all of those deposits, too?

Senator Josh Hawley confronts Attorney General Merrick Garland over the egregious politicization of the Department of Justice since President Joe Biden took office.

On Tuesday, Senate Majority Leader Chuck Schumer (D-N.Y.) announced that he will join Republicans in voting to overturn a District of Columbia crime bill that would have reduced the maximum penalties for certain crimes, such as burglary, robbery and carjacking. This move signals strong oppositions to D.C. statehood.

The merits of President Joe Biden’s targeted debt cancellation by executive order is being argued in front of the United States Supreme Court. Will the justices put an end to Biden’s plan?

A classified report from the U.S. Department of Energy concludes that the likely origin of the Covid-19 pandemic is the Wuhan lab.
https://www.wsj.com/articles/covid-origin-china-lab-leak-807b7b0a

#politics #supremecourt #news #section230

Will the Supreme Court rule that big tech is responsible for terrorism and weaken the liability shield of Section 230 of the Communications Decency Act?

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“Trump spoke to a small group of local leaders, first responders and the media at the local fire station. He said he is donating thousands of bottles of cleaning supplies and pallets of bottled water to the area that were collected through his Trump organizations.”

https://www.wkbn.com/news/local-news/east-palestine-train-derailment/trump-comes-to-east-palestine-what-we-know/

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As the World Health Organization (WHO) prepares for a meeting in Switzerland next week to finalize an agreement that would grant it centralized control over U.S. policy during a pandemic, Republican senators are attempting to strengthen Congress’ power to authorize treaties.