Biden and Trudeau say “inseparable” nations will not abandon Ukraine

OTTAWA, ONTARIO (AP) — President Joe Biden and Prime Minister Justin Trudeau Friday celebrated the close, “inseparable” relationship between the U.S. and Canada, pledging that the two nations remain committed to defending Ukraine as it attempts to fend off a Russian invasion. fend off no end in sight. Biden and Trudeau met just days after … Read more

Biden makes first remarks on airstrikes: We ‘don’t seek conflict with Iran’

President Biden said Friday that the United States is not seeking conflict with Iran as he issued his initial response to US airstrikes in Syria after an Iranian drone hit Americans. “To make no mistake, the United States is not seeking — not emphasizing — a conflict with Iran,” Biden said during a news conference … Read more

US ‘extremely concerned’ by Israeli plans to restore West Bank settlements

The Biden administration is warning Israeli officials not to move forward with legal changes that would give the green light to reestablish settlements in the West Bank, a flashpoint with Palestinians that the US warns will fuel violence amid a heightened point of tension. Vedant Patel, deputy spokesman for the State Department, said in a … Read more

US lawmakers are examining the merits of a higher FDIC insurance limit on bank deposits

The headquarters of the Federal Deposit Insurance Corp. (FDIC) in Washington, DC, USA, on Monday, March 13, 2023. Al Drago | Bloomberg | Getty Images Four prominent U.S. banking lawmakers said Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis characterized by the outflow … Read more

Crunch time for talks with Credit Suisse as UBS seeks Swiss guarantees

Talks about bailing out Credit Suisse rolled in on Sunday as UBS asked for $6 billion from the Swiss government to cover costs. UBS is under pressure from Swiss authorities to take over its local rival in order to bring the crisis under control, two people with knowledge of the matter said. Regulators want a … Read more

Biden calls on Congress to tighten rules to reclaim executive pay and impose fines in bank failures

“No one is above the law – and strengthening accountability is an important deterrent to avoiding mismanagement in the future.” Biden noted that his powers to hold executives accountable were limited by law and asked Congress to intervene. US President Joe Biden delivers remarks at the Boys and Girls Club of West San Gabriel Valley … Read more