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The Latest Breaking News from Joe Biden

Banking shares slump despite U.S. assurances that deposits are safe

The declines come despite emergency measures by regulators to protect depositors at Silicon Valley Bank and Signature Bank and President Biden's remarks to reassure Americans.

WEKU

From the US to Africa: how China sees the world as Xi’s third term begins

Geopolitical relations China’s president will have to navigate as country reopens after three years of isolation

The Guardian - UK

Biden says "banking system is safe" after Silicon Valley Bank collapse

Biden also promised to do "whatever is needed" to prevent any other bank runs.

Axios

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Joe Biden approves huge Willow oil project in Alaska

The Biden administration is approving the major Willow oil project on Alaska’s petroleum-rich North Slope

The Independent UK

Biden stresses taxpayer funds won’t be used in Silicon Valley Bank collapse – as it happened

President reassures Americans ‘banking system is safe’ as US government announces plans to stabilize situation

The Guardian - US

Biden reassures bank customers and says the failed firms' leaders are fired

President Biden also said insiders and investors won't be bailed out, but that companies that used the bank will be able to pay their employees and bills.

WEKU

Watch as Biden speaks on US financial system following collapse of Silicon Valley Bank

Watch as Joe Biden addresses the nation on Monday (13 March) following the collapse of Silicon Valley Bank.

The Independent UK

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Biden pick for Mississippi federal court awaits Senate hearing - Roll Call

A district court nominee from Mississippi apparently has been held up from a confirmation hearing because of a so-called “blue slip.”

Roll Call

National Republicans say they will spend big to oust Rep. Vicente Gonzalez from his South Texas seat in 2024

Congressional Republicans’ campaign arm will make another effort to unseat the South Texas Democrat who ran in one of the state’s most competitive races last year.

The Texas Tribune

As Supreme Court considers student loan forgiveness, states may expand their programs

As the U.S. Supreme Court mulls the constitutionality of President Joe Biden’s broad student loan forgiveness plan, lawmakers in many states are looking to expand their own student debt repayment programs.

Tribune News Service

First Thing: Everything Everywhere All at Once triumphs at Oscars

Multiverse fantasy picks up seven awards including best picture and best actress while All Quiet on the Western Front wins four. Plus, long shadow of US invasion of Iraq still looms 20 years on

The Guardian - UK

Biden raps 2018 bank changes, asks lawmakers to toughen rules - Roll Call

President Biden urged Congress to tighten regulations on the banking sector and criticized a bipartisan 2018 easing of capital rules.

Roll Call

2020 US election: Why is Fox News being sued by Dominion Voting Systems?

Documents in Dominions case against Fox News show evidence that Rupert Murdoch's media company knew it was peddling lies.

The New Daily

US to approve Alaska ‘carbon bomb’ drilling project: Reports

Reported decision to proceed with the Willow project comes as curbs on energy extraction in the region were announced.

Al Jazeera

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Asharq Al-Awsat

US, UK Try to Stem Fallout from Silicon Valley Bank Collapse

Governments in the UK and US took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down. The UK Treasury and the Bank of England announced early Monday that they had facilitated the sale of Silicon…

The Independent UK

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 Guardian - US

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

France 24

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.

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Los Angeles Times

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.

The Guardian - UK

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 Independent 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

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.

Evening Standard

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

The Independent UK

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

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