Dave Boyer
Articles by Dave Boyer
Suspect arrested in D.C. stabbing of Rand Paul aide
A suspect was arrested Monday in the stabbing of an aide to Sen. Rand Paul in the District, the lawmaker confirmed. Published March 27, 2023
Economist Milton Friedman’s long-ago lesson on inflation coming back to bite Biden
President Biden and his advisers have blamed inflation on the pandemic, supply-chain problems, the war in Ukraine, corporate greed -- everything but high spending by his administration and congressional Democrats. Published March 27, 2023
Fed announces quarter-point hike in key interest rate as it wrestles with inflation, bank failures
The Federal Reserve on Wednesday announced a modest quarter-point increase in its benchmark interest rate, an inflation-fighting hike that was scaled back as the Fed grapples with sudden turmoil in the banking industry. Published March 22, 2023
White House game of playing media favorites backfires on Biden’s press secretary
White House press secretaries have always played favorites when deciding which journalists to call on for questions at the daily press briefings, a subtle power play that has blown up in the face of Biden press secretary Karine Jean-Pierre. Published March 21, 2023
Mystery unsolved: Yellen, admin still baffled by historic bank collapses
Treasury Secretary Janet Yellen told a roomful of bankers Tuesday that the U.S. banking system is "stabilizing," but she's still not sure why two banks failed and a third needed to be rescued by other large banks in the past two weeks. Published March 21, 2023
Yellen says U.S. banks ‘stabilizing’ after emergency actions by Treasury, regulators
Treasury Secretary Janet Yellen says the U.S. banking system is "stabilizing" after the failure of two banks and the rescue of a third institution led to concerns of a broader crisis in the industry. Published March 21, 2023
Sen. Mark Warner defends campaign donations from failed bank, while stocks rebound
Sen. Mark Warner, Virginia Democrat and a member of the Senate banking committee, downplayed the campaign contributions he received from the failed Silicon Valley Bank by saying Monday that he was unswayed by them. Published March 20, 2023
Nearly 200 banks teeter as Fed seeks inflation balance; rate hike risks more insolvency
Fears that another interest rate hike will hasten more bank failures will loom over the Federal Reserve's meeting this week after a study found that nearly 200 banks are at risk of the same sort of collapse as the one at Silicon Valley Bank. Published March 19, 2023
House panel makes bipartisan move to hold series of hearings on bank failures
The Republican chairman and top Democrat on the House Financial Services Committee announced Friday the panel will hold the first of "multiple" hearings on the collapses of Silicon Valley Bank and Signature Bank, failures that have roiled the banking industry and financial markets. Published March 17, 2023
Parent of SVB files for Chapter 11 bankruptcy a week after bank’s collapse
SVB Financial Group said Friday it has filed for Chapter 11 bankruptcy protection to seek buyers for its assets, one week after its former division Silicon Valley Bank was taken over by regulators. Published March 17, 2023
Yellen says Chinese customers of failed Silicon Valley Bank will get money from U.S. fund
Uninsured Chinese depositors in the failed Silicon Valley Bank likely will be made whole through the special assessment on U.S. banks that is funding the rescue crafted by the Biden administration, Treasury Secretary Janet Yellen told lawmakers Thursday. Published March 16, 2023
Yellen tells Congress that U.S. banking system still ‘sound’ after collapse of Silicon Valley Bank
Treasury Secretary Janet Yellen told lawmakers Thursday that the nation's banking system "remains sound" and that Americans shouldn't worry about their deposits, a week after the second-largest bank collapse in U.S. history. Published March 16, 2023
Bankers put focus on woke causes; Clinton, Pelosi campaign donors filled Silicon Valley board seats
The woke philosophy of Silicon Valley Bank didn't directly cause the cash crunch that led to its rapid failure, but analysts say the bank's management paid more attention to its climate and social justice mission than its financial health. Published March 15, 2023
Justice Department, SEC investigating failure of Silicon Valley Bank
The Justice Department and the Securities and Exchange Commission are investigating Silicon Valley Bank's collapse and its top executives selling stocks in the weeks before the California lender was taken over by regulators. Published March 14, 2023
U.S. inflation remains high, complicating Fed’s next move on interest rates amid bank collapses
Inflation eased slightly in February but remained high, the Bureau of Labor Statistics reported Tuesday, complicating the next move for the Federal Reserve to lower prices while facing abrupt turmoil in the U.S. banking system. Published March 14, 2023
Lawmakers grilled Fed chair about plan to raise bank capital rules just before SVB collapse
Days before the collapse of Silicon Valley Bank, Federal Reserve Chairman Jerome H. Powell took heat from lawmakers in both parties worried about the central bank's possible plan to raise capital requirements for banks. Published March 13, 2023
Biden to address bank closures Monday morning
President Biden said Sunday night that he will address the nation Monday morning "on how we will maintain a resilient banking system to protect our historic economic recovery." Published March 12, 2023
Alexandria man stopped at Reagan National Airport checkpoint due to gun in carry-on bag
For the ninth time in 2023, a forgetful flyer at Reagan National Airport was stopped by security for attempting to bring a gun in his carry-on luggage. Published March 10, 2023
Congressman demands Blinken answer for funding global ‘disinformation’ group linked to Soros
A House Republican is demanding that the State Department stop funding the Global Disinformation Index in Britain, saying it leads to censorship and particularly censorship of conservative news outlets. Published March 9, 2023
Squad lawmaker accuses Fed chief Powell of ‘engineering a recession’ by raising interest rates
A House Democrat told Federal Reserve Chairman Jerome H. Powell on Wednesday that he is "engineering a recession" by raising interest rates to lower inflation, and demanded that the central bank pull back from future rate hikes. Published March 8, 2023
