Jeff Mordock

White House says Silicon Valley Bank failure won’t lead to repeat of 2008

White House officials are assuring the public that the failure of Silicon Valley Bank, the largest since the 2008 global financial crisis, won't touch off another string of bank collapses.

March 10, 2023

Biden takes victory lap over surging jobs market

President Biden on Friday hailed a rocketing February jobs report as vindication of his economic agenda.

March 10, 2023

Biden to address Canadian Parliament later this month

President Biden will address the Canadian Parliament later this month, the White House announced Thursday.

March 9, 2023

Biden budget takes taxes, spending, IRS funds to new levels, promises plan will cut deficit

President Biden's new $6.8 trillion budget would impose a whopping $5.5 trillion in tax hikes and push federal spending roughly 55% higher than pre-pandemic levels, including a 15% boost for the IRS that would be added on top of the agency's current massive funding increase.

March 9, 2023

Biden calls on McCarthy to release GOP budget; says he’ll meet anytime

President Biden on Thursday challenged House Speaker Kevin McCarthy's rejection of his proposed 2024 budget by urging the California Republican to put forth a plan and see where they agree.

March 9, 2023

After two years of massive spending, Biden proposes more for social programs in fiscal ‘24 budget

President Biden on Thursday proposed a record-shattering $6.8 trillion budget that envisions a significant surge in social program spending amid the roughly $5.5 trillion in new taxes, even after two years of massive spending on pandemic relief and economic recovery packages.

March 9, 2023

White House: Biden budget to cut deficit by $3 trillion through tax hikes

President Biden's upcoming budget proposal aims to slash nearly $3 trillion from the federal deficit over the next decade by hiking taxes on wealthy individuals and corporations, the White House said Wednesday.

March 8, 2023

Biden’s pay hike for feds is largest proposed since Carter admin

President Biden's proposed budget will call for a 5.2% pay hike for all federal employees.

March 8, 2023

Two Americans killed in cartel crossfire across Mexican border, raising fresh security fears

Two of the four U.S. citizens whose Friday kidnapping at a Mexican border town by a local drug cartel was captured on a gripping video have been found dead, while the other two have been found alive, Mexican President Andres Manuel Lopez Obrador confirmed Tuesday.

March 7, 2023

Two kidnapped Americans found dead in Mexico; 2 others alive

Two of the four U.S. citizens kidnapped in Mexico have been found dead, while the other two have been found alive, Mexican President Andres Manuel Lopez Obrador said Tuesday.

March 7, 2023

Biden to host South Korean president for White House state dinner

President Biden will host South Korean President Yoon Suk Yeol for a state dinner next month, the White House announced Tuesday.

March 7, 2023

Biden planning tax hike for ‘high-income’ Americans to save foundering Medicare

In a preview of his budget plan to be released this week, President Biden on Tuesday rolled out a proposed tax hike on high earners as part of his complicated plan to raise money to keep Medicare solvent.

March 7, 2023

Americans kidnapped in Mexico were there to buy medicine, possible cases of mistaken identity

The four Americans who were kidnapped in Mexico crossed the border to buy medication and may have been victims of mistaken identity, the Mexican president said Monday, even as the White House remained mum about the incident for privacy reasons.

March 6, 2023

Biden urged to give Americans kidnapped in Mexico the same treatment as Brittney Griner

Lawmakers on Monday urged President Biden to focus as much attention on bringing home four Americans kidnapped in Mexico as he did on getting WNBA star Brittney Griner out of a Russian prison.

March 6, 2023

Biden loses footing with Republicans now in power

President Biden's reversal on a House GOP-led measure exposed a White House still struggling to figure out how to operate in a Washington where Republicans have partial control over the agenda.

March 5, 2023

Biden, German Chancellor Scholz extol strength of partnership in backing Ukraine

President Biden and German Chancellor Olaf Scholz are heaping praise on each other for their united effort to support Ukraine in fending off Russian invaders, despite a diplomatic dust-up between the two countries this week over sending tanks to Kyiv.

March 3, 2023

Doctors remove cancerous lesion from Biden’s chest, say he’ll be OK

A small lesion removed from President Biden's chest during his annual physical last month was cancerous, but no further treatment is needed, his physician said in a memo released Friday.

March 3, 2023

Biden awards Medal of Honor to Vietnam War hero after 60-year wait

President Biden has awarded the Medal of Honor to a former Green Beret hero who surmounted shrapnel and bullet wounds during the Vietnam War to rescue three comrades, refusing medical evacuation until he carried all three to safety.

March 3, 2023

Biden, Scholz to discuss China, tanks for Ukraine at White House

German Chancellor Olaf Scholz will meet with President Biden at the White House Friday to discuss a range of thorny international issues, including possible sanctions on China amid concerns it may provide weapons to Russia for its war with Ukraine.

March 3, 2023

Biden tells Democrats he won’t veto Congress override of D.C. criminal code

President Biden told Senate Democrats on Thursday that he would sign a GOP-backed bill that would overturn Washington's new criminal code that reduces penalties for violent crimes and critics say is a threat to public safety in a city already wracked with violent crime.

March 2, 2023