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In the wake of bank meltdowns, the Fed draws accusations of lax oversight

The San Francisco Federal Reserve Bank seems to have missed signs that two failed banks, Silvergate and Silicon Valley Bank, weren’t on firm footing.
Silicon Valley Bank.
Silicon Valley Bank.

EXCLUSIVE

5d ago

EXCLUSIVE

TikTok now has 150 million active users in the U.S., CEO to tell Congress

A 50% jump in active users suggests the app has become even more entrenched in the U.S. over the nearly three years that Washington has grappled with how to rein it in.
A TikTok logo at the company's offices in Culver City, Calif.
A TikTok logo at the company's offices in Culver City, Calif.

White House seeks softer tone on China ahead of Putin-Xi meeting

Officials are concerned that sharper rhetoric toward China could backfire by pushing President Xi Jinping into a corner where he feels compelled to send lethal aid to Russia.
FILE - Russian President Vladimir Putin, left, gestures while speaking to Chinese President Xi Jinping during the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, Sept. 16, 2022. China said Friday, March 17, 2023, President Xi will visit Russia from Monday, March 20, to Wednesday, March 22, 2023, in an apparent show of support for Russian President Putin amid sharpening east-west tensions over the conflict in Ukraine. (Sergei Bobylev, Sputnik, Kremlin Pool Photo via AP, File)
FILE - Russian President Vladimir Putin, left, gestures while speaking to Chinese President Xi Jinping during the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, Sept. 16, 2022. China said Friday, March 17, 2023, President Xi will visit Russia from Monday, March 20, to Wednesday, March 22, 2023, in an apparent show of support for Russian President Putin amid sharpening east-west tensions over the conflict in Ukraine. (Sergei Bobylev, Sputnik, Kremlin Pool Photo via AP, File)

EXCLUSIVE

6d ago

EXCLUSIVE

Law enforcement agencies prepare for a possible Trump indictment as early as next week

Multiple agencies are discussing potential security plans for in and around the Manhattan Criminal Court in case Trump is charged in connection with an alleged hush money payment to Stormy Daniels.
Former President Donald Trump disembarks his airplane in West Palm Beach, Fla.
Former President Donald Trump disembarks his airplane in West Palm Beach, Fla.

Hunter Biden's lawyers mount legal offensive against Trump allies over laptop data

The lawsuit seeks the return of any copy of Biden's data and compensatory and punitive damages from a Delaware computer repair shop owner. Biden's lawyers are also seeking depositions from Steve Bannon and Rudy Giuliani in the suit.
Image: Presidential Medal of Freedom
Image: Presidential Medal of Freedom

Black veterans were more often denied VA benefits for PTSD than white counterparts, newly surfaced study shows

“Ever since I came back from Vietnam, I knew that I had a problem, but I didn’t know what it was," said one Black veteran.
Conley Monk in Vietnam.
Conley Monk in Vietnam.

EXCLUSIVE

7d ago

EXCLUSIVE

Border crossings from Canada into New York, Vermont and N.H. are up tenfold. Local cops want help.

“We are seeing more and more people, and it can be a deadly terrain if you’re not familiar with it,” said a New York sheriff.
A U.S. Border Patrol agent apprehends seven Mexican citizens near Mooers, N.Y., who had crossed into the U.S. from Canada illegally
A U.S. Border Patrol agent apprehends seven Mexican citizens near Mooers, N.Y., who had crossed into the U.S. from Canada illegally
7d ago

The fate of 1,000 research monkeys is unclear after government intervention

In recent months, federal officials have contacted animal sanctuaries to ask about the cost of housing and feeding the primates for the rest of their lives. One price quote: $125 million.
Long-tailed macaques at Angkor Watt in the Siem Rep area of Cambodia on June 19, 2017.
Long-tailed macaques at Angkor Watt in the Siem Rep area of Cambodia on June 19, 2017.

The uncommon lending practices behind Silicon Valley Bank’s woes

Of the roughly $74 billion in total loans Silicon Valley Bank held on its books at year-end, almost half went to borrowers who invested the cash in securities of their own.
Silicon Valley Bank's headquarters in Santa Clara, Calif., on March 13, 2023.
Silicon Valley Bank's headquarters in Santa Clara, Calif., on March 13, 2023.
7d ago

A Louisiana plant is spewing a toxic chemical into the air and residents want to know: Why is it still operating?

For decades, a rubber plant near an elementary school has been spewing a carcinogenic chemical into the air. Residents wonder why it’s still allowed to remain in operation.
Photo illustration of elementary school students at desks; the Denka plant in Reserve, La.,; and Robert Taylor outside of his home.
Photo illustration of elementary school students at desks; the Denka plant in Reserve, La.,; and Robert Taylor outside of his home.

EXCLUSIVE

8d ago

EXCLUSIVE

Russian leadership approved aggressive actions of jets that damaged U.S. drone, U.S. officials say

One official said he had not gotten indications that the signoff went all the way up to President Putin.
An MQ-9 Reaper flies a training mission over the Nevada Test and Training Range on July 15, 2019.
An MQ-9 Reaper flies a training mission over the Nevada Test and Training Range on July 15, 2019.