The Latest Breaking News from Shalanda Young

PAJARO, Calif. — Surging rivers. Sliding rocks. Flooded towns.

WASHINGTON — U.S. regulators are racing against the clock to find solutions for failed Silicon Valley Bank while Treasury Secretary Janet Yellen said officials are focusing on protecting depositors, as officials seek to avoid a wider bank run.

Announcement comes as Signature Bank was closed on Sunday by regulators – the second to fail in a week

WASHINGTON — President Joe Biden unveiled a $6.9 trillion budget blueprint Thursday that promises to cut projected deficits and safeguard cherished entitlement programs for seniors as he confronts a new Republican-controlled House for the first time in his presidency.

Mr Biden’s budget proposal will reportedly cut $3 trillion from the US budget deficit

Proposals in Biden's $6.9 trillion budget would boost spending for child care and housing, and to make college more affordable.

WASHINGTON — Congressional Budget Office Director Phillip L. Swagel will brief House members Wednesday on the agency’s budget and economic outlook as lawmakers consider whether to adjust spending levels in conjunction with lifting the debt limit.

Congressional Budget Office Director Phillip L. Swagel will brief House members Wednesday on the agency’s budget and economic outlook.

The White House on Monday gave federal agencies 30 days to purge Chinese-owned video-snippet sharing app TikTok from all government-issued devices, setting a deadline to comply with a ban ordered by the US Congress. Office of Management and Budget director Shalanda Young in a memorandum called on government agencies within…

The ban follows similar actions from Canada, the EU and Taiwan.

The meeting between Mr Biden and the new House speaker comes less than two weeks after the Treasury Department began enacting ‘extraordinary measures’ to avoid a debt default