The secretary of state’s talks with Xi Jinping raised hopes that the world’s two biggest economies might stabilize relations, but the big challenges were not resolved.
Tag: Senate Committee on Banking
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Regulators Rebut Claims by Silicon Valley Bank’s Ex-C.E.O.
The bank had not fixed its problems before it failed, they said. Its leader was not excluded from the sale process.
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Former SVB CEO Tells Senate He Is ‘Truly Sorry’ for Collapse but Deflects Blame
Senators derided Gregory Becker at a hearing about the failure of his bank. “It sounds a lot like ‘my dog ate my homework’,” one said.
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Debt Default Would Cripple U.S. Economy, New Analysis Warns
As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.