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The Latest Breaking News from Washington D.C.

Biden blames Trump deregulation for Silicon Valley Bank failure

WASHINGTON — President Joe Biden on Monday blamed the collapse of Silicon Valley Bank and closure of Signature Bank on former President Trump’s 2018 decision to scrap some Obama-era banking regulations.

Los Angeles Times

Pfizer buys biotech firm Seagen for $43 billion

WASHINGTON - US pharmaceutical giant Pfizer announced Monday that it had reached a deal to buy biotech firm Seagen, specializing in innovative cancer treatment, for $43 billion.

Bangkok Post

Wayne Rooney thrilled as Coleen swaps UK for Washington

The DC United coach was visited by wife Coleen for a 'great week'

Liverpool Echo

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Iran-Saudi Arabia deal casts China in unfamiliar global role

An agreement between Iran and Saudi Arabia to re-establish diplomatic relations has cast China in a leading role in Middle Eastern politics — a part previously reserved for longtime global heavyweights like the U.S. and Russia

The Independent UK

Tehran Announces Prisoner Swap Deal, Washington Denies

The 9th session of the Strategic Consultation Committee between the Sultanate of Oman and Iran was held in Muscat on Sunday in light of reports saying Tehran is exerting efforts to activate contacts with Washington for the return of indirect negotiations on the nuclear file. Also on Sunday, Iran announced…

Asharq Al-Awsat

Washington Commanders star becomes second-highest paid defensive tackle in NFL history

Washington Commanders stud Daron Payne has become the highest-paid defensive tackle not named Aaron Donald after agreeing a deal with the team while under the franchise tag

Daily Mirror

Biden unlikely to bail out Silicon Valley Bank, as right claims it failed because it was ‘woke’

Second-largest bank collapse in US history met with eyerolls in Washington

The Independent UK

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Washington brands Iran prisoner swap agreement a ‘cruel lie’

Iran's claims they are on the brink of agreeing a prisoner exchange with the US are an "especially cruel lie", Washington says.

The New Daily

US seeks to quell risk of a bank run as Yellen pledges protections

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.

Tribune News Service

FDIC working on finding buyer for Silicon Valley Bank, California Rep. Khanna says

WASHINGTON — Rep. Ro Khanna, D-Calif., said the Federal Deposit Insurance Corp. is working to find a buyer for Silicon Valley Bank and urged the U.S. government to step in and guarantee all of the bank’s deposits.

Tribune News Service

Can the chaos from Silicon Valley Bank's fall be contained?

Can Washington come to the rescue of Silicon Valley Bank's depositors

The Independent UK

‘Very intimate knowledge’: What Ron DeSantis saw while serving at Guantánamo

WASHINGTON — As a young military officer at the height of the war on terror, Lt. Ron DeSantis was often seen running on the beach of Guantánamo Bay and along its ridgeline, encircling Camp America. It was a chaotic time at the U.S. military detention facility in Cuba, and as…

McClatchy Washington Bureau

Egypt, US Discuss Energy Security

Egypt’s Minister of Petroleum and Mineral Resources Tarek el-Molla held several meetings in Washington with some businessmen, research and academic institutions, officials of the Ministry of Energy, and members of the US Congress. The Minister said that his visit to the US aimed to discuss ways to enhance cooperation in…

Asharq Al-Awsat

A crime bill was supposed to fix Washington DC’s problems. Instead, it polarized a city

The new code revised 120-year-old criminal laws, but the effort was stymied by Joe Biden and an unlikely alliance of Republicans and Democrats

The Guardian - US

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Tribune News Service

Pence slams Trump over Jan. 6 attack as he weighs 2024 bid

WASHINGTON — Former Vice President Mike Pence offered his sharpest criticism to date of Donald Trump, holding his former boss responsible for the Capitol insurrection in early 2021 as he teased his own White House ambitions for 2024.

The National (Scotland)

David Pratt: It's a sensitive time for US-Sino relations

CHINA’S foreign minister Qin Gang is not a man to mince his words. At a news conference last week during the annual session of what’s been…

Tribune News Service

DeSantis eyes hiring Iowa staff in step toward possible 2024 bid

WASHINGTON — Advisers to Florida Gov. Ron DeSantis are talking to Republican operatives about joining his team to work in Iowa, the latest sign of preparation for his expected presidential bid.

Tribune News Service

Biden scraps Trump’s Air Force One update, keeps its iconic look

WASHINGTON — The U.S. president’s plane is getting a paint job — and it looks a lot like the old one.

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Tribune News Service

Pentagon puts priority on replacing munitions in 2024 budget

WASHINGTON — The Pentagon’s $170 billion procurement request for the new fiscal year focuses on replacing munitions supplied to Ukraine as well as well as weapons like long-range missiles, which would be necessary in a conflict with China, according to an internal budget document.

Tribune News Service

As banks topple, regulators face reckoning on week of mayhem

On Monday, the head of the Federal Deposit Insurance Corp. warned a gathering of bankers in Washington about a $620 billion risk lurking in the U.S. financial system.

Tribune News Service

Tyler Cowen: Governments should compete for residents, not businesses

Amazon.com Inc.’s pause of its plans to expand its second headquarters in Northern Virginia reflects some deep underlying trends — not just for metropolitan Washington, where I live, but for regional development more generally.

Tribune News Service

Defense helps Hawks finish two-game sweep of Wizards

WASHINGTON — The Hawks capped off their four-game road trip with a 114-107 win over the Wizards Friday night. The Hawks swept the Wizards in the two-game series and are one game above .500 at 34-33.

The Guardian - US

Podcaster and husband allegedly killed by stalker in Washington state

Zohreh Sadeghi, 33, and Mohammed Naseri, 35, found dead along with Texas trucker Ramin Khodakaramrezaei who died by suicide

Tribune News Service

Yellen, House Republicans spar over tax increases, debt limit

WASHINGTON — House Republicans slammed the Biden administration’s tax proposals in a hearing with Treasury Secretary Janet L. Yellen on Friday, giving the president’s latest budget request an icy reception.

Zenger

Strong Nor’easter May Bring Heaviest Snow Of Winter To Part Of Northeast

A major storm is brewing for the northeastern United States, and it could deliver a foot or more of snow.

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