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The Latest Breaking News from Joe Biden

Biden will address the nation about the collapse of Silicon Valley Bank

While the Biden administration has no intentions of bailing out the bank, it has introduced emergency measures to protect the US economy and give bank clients access to their funds

The Independent UK

Alaska’s Willow arctic drilling project is a climate turning-point. Biden must say no

If approved in full, the Willow project would mean the construction of 219 wells and hundreds of miles of pipelines

The Guardian - US

France says no risk of contagion as governments handle SVB collapse fallout

The bankruptcies of US banks Silicon Valley Bank (SVB) and Signature do not pose a danger to French financial institutions, Finance Minister Bruno Le Maire said Monday as authorities in the US and UK took extraordinary steps to stop a potential banking crisis.

France 24

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Doyle McManus: Biden's budget was an opening bid. Where's the Republican plan?

President Joe Biden unveiled his $6.8 trillion budget proposal last week, and it drew the customary jaded responses: a work of fiction. A party platform with price tags. And, of course, dead on arrival.

Los Angeles Times

Labour’s attempt to block illegal migration bill defeated in Commons – as it happened

Opposition amendment to stop the government barring small boat arrivals claiming asylum defeated by 312 votes to 249

The Guardian - UK

US government ponders the meaning of race and ethnicity

Americans have long had an intense conversation about what race and ethnicity says about who they are

The Independent UK

HSBC to buy Silicon Valley Bank UK after weekend of crisis talks

Chancellor Jeremy Hunt said deposits will be protected

The Independent UK

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AP News Digest 3:30 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Independent UK

Biden administration ‘to approve’ controversial Willow oil project in Alaska

The Willow project reportedly to get go-ahead within the largest tract of undisturbed public land in the United States

Evening Standard

UK and US to ‘work through’ concerns over Biden’s package of green subsidies, Rishi Sunak says

The Inflation Reduction Act is an attempt to make the US economy environmentally friendly with tax credits for green technology

The Independent UK

Regulators to protect SVB, Signature depositors, but no bailout - Roll Call

Federal regulators said Sunday they would protect all Silicon Valley Bank depositors, including those above the deposit insurance limit.

Roll Call

Fox News braces for more turbulence as second defamation lawsuit advances

New York court greenlights $2.7bn suit against news channel by election company Smartmatic over 2020 presidential election lies

The Guardian - US

Biden to announce Australia submarine deal in San Diego

President Joe Biden is set to meet with two of America's closest allies to announce that Australia will purchase U.S.-manufactured, nuclear-powered attack submarines to modernize its fleet

The Independent UK

Republican John Kennedy takes aim at Biden over social security funding

Senator accuses president of ‘demagoguing’ issue to fund and protect program, along with Medicare, from Republican proposals

The Guardian - US

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France 24

Banking system is 'safe', Biden assures Americans after SVB collapse

US President Joe Biden on Monday reassured Americans that their banking system is safe in the wake of the sudden collapse of Silicon Valley Bank (SVB) and the federal takeover of a second bank.

The Independent UK

Rishi Sunak pledges £5 billion for defence as UK faces a ‘volatile’ world

The PM is visiting California for talks with US president Joe Biden and Australian prime minister Anthony Albanese.

Axios

Biden to protect 16 million acres in Alaska as oil project decision nears

The action comes ahead of the Biden admin's expected approval of the controversial Willow oil project.

Tribune News Service

Biden says those behind SVB bank ‘mess’ will be held accountable

President Joe Biden said that he ordered the Treasury Department and his economic advisers to address the failures of Silicon Valley Bank and Signature Bank, adding that those responsible will be held accountable.

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WEKU

As Biden weighs the Willow oil project, he blocks other Alaska drilling

The move to limit oil drilling in 16 million acres in Alaska and the Arctic Ocean comes as regulators prepare to decide on the Willow project, a controversial plan pushed by ConocoPhillips.

Chicago Sun-Times

Pence rebukes Trump, Fox News host Tucker at Gridiron dinner: But will he testify for special counsel?

Former Vice President Mike Pence lampoons himself at the Gridiron Club dinner. He quipped, ‘I’m a man of deep faith. In fact, my preferred pronouns are Thou and Thine.’

Chicago Sun-Times

Reinstating detention of migrant families? U.S. has a better alternative that already works.

Family detention was meant to deter desperate migrant families from crossing the border, but through various administrations, the policy has proved to bring more long-lasting problems than temporary solutions.

The New Daily

US stems SVB fallout by backing customer deposits

US officials will shore up deposits to stem any broader financial fallout from the sudden collapse of Silicon Valley Bank.

The Independent UK

Rishi Sunak pledges extra £5bn for defence – but ducks 3% spending commitment

Government will set out new plan to tackle global threats, as PM heads to US for talks

The Independent UK

Biden to be given Good Friday Agreement anniversary invite, PM says

Rishi Sunak also described the Windsor Framework as a ‘positive step’ in a bid to break the Northern Ireland Protocol impasse.

The Independent UK

Sunak rejects calls for defence spending to increase to 3% of GDP

The PM is visiting California for talks with US President Joe Biden and Australian Prime Minister Anthony Albanese.

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