Reuters USA

Republican US senator doubles down on call for tighter Fed scrutiny

By David Morgan WASHINGTON (Reuters) – Republican U.S. Senator Rick Scott doubled down on his call to replace the Federal Reserve’s current inspector general with a new, more independent office, following the collapses of Silicon Valley Bank and Signature Bank. In an opinion column posted on the Fox News website, the Florida Republican also pledged …

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Yellen vows to safeguard deposits at smaller U.S. banks, intervene if needed

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bankers on Tuesday that she is prepared to intervene to protect depositors in smaller U.S. banks suffering deposit runs that threaten more contagion amid the worst financial system turmoil in more than a decade. In a speech aimed at calming nerves rattled by two …

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US Treasury looks to strengthen financial stability; big focus on smaller banks

By Andrea Shalal WASHINGTON (Reuters) -The U.S. Treasury is continuing to monitor the health of mid-sized and regional banks and is considering what steps can be taken to further strengthen the country’s financial stability, Deputy Treasury Secretary Wally Adeyemo said on Tuesday. Adeyemo said “decisive action” taken by the Treasury, Federal Reserve and the Federal …

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Republican lawmakers press Biden to send cluster bombs to Ukraine -letter

By Mike Stone WASHINGTON (Reuters) – Four Republican members of Congress urged U.S. President Joe Biden to send cluster munitions to Ukraine, alleging in a Tuesday letter to the White House that the administration fears doing so would be seen as an escalation by Russia. Ukraine is seeking the MK-20, an air-delivered cluster bomb, to …

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Analysis-How Trump will use Stormy Daniels case to fire up his campaign for 2024 election 

By Nathan Layne and Gram Slattery (Reuters) -Donald Trump will try to turn any indictment to his advantage by stoking anger among core supporters over what they see as the weaponization of the justice system, though it may also push more Republicans tired of the drama around him to look for another presidential candidate. A …

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US House committee threatens to subpoena State Dept over Afghan documents

By Patricia Zengerle WASHINGTON (Reuters) -The Republican chairman of the U.S. House of Representatives Foreign Affairs Committee threatened to issue a subpoena if the State Department does not produce documents it has requested related to the August 2021 U.S. withdrawal from Afghanistan, the committee said on Tuesday. Representative Michael McCaul sent a letter to Secretary …

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Judge sets October trial in US challenge to JetBlue’s Spirit deal

By Nate Raymond and David Shepardson BOSTON (Reuters) -A U.S. judge on Tuesday scheduled an Oct. 16 trial in the U.S. Justice Department’s lawsuit seeking to halt JetBlue Airways Corp’s planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines Inc. U.S. District Judge William Young in Boston scheduled the nonjury, four-week trial during the first …

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