The Latest Breaking News from Michael D Crapo

WASHINGTON — Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound in the aftermath of Silicon Valley Bank's collapse. But she warned that failure to raise the debt limit in time would be devastating for banks after the turmoil.

Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound despite Silicon Valley Bank's collapse.

Biden's comments about SVB added to scrutiny of a 2018 law that eased banking requirements, but it's not clear that's what cause the failure

WASHINGTON — President Joe Biden’s delayed budget for the upcoming fiscal year due Thursday will kick off what’s expected to be a lengthy battle over spending levels and priorities, with the debt ceiling deadline looming this summer casting a pall over the entire process.

President Joe Biden’s delayed budget due Thursday will kick off what’s expected to be a lengthy battle over spending levels and priorities.

WASHINGTON — President Joe Biden reiterated a call to “finish the job” on insulin prices, address the mental health crisis and “end cancer as we know it” in his address to Congress on Tuesday — initiatives that could have bipartisan support from lawmakers.

President Joe Biden’s speech was heavy on health policy asks, but it’s unclear if razor-thin majorities will allow them to come to fruition.

WASHINGTON — The Senate is “on track” to start debating a roughly $300 billion deficit-reducing budget package Saturday after Democrats reached agreement late Thursday on changes to the bill needed to secure 50 votes, Senate Majority Leader Charles E. Schumer said.

The Senate is "on track" to start debating a roughly $300 billion deficit-reducing budget bill after Democrats reached agreement Thursday.

Democrats may need to make some changes to the tax portion of their budget reconciliation package to earn the support of Arizona Sen. Kyrsten Sinema, including possible removal of a tax increase on investment fund managers and softening a new minimum tax on the biggest corporations.

Democratic leaders in the Senate need to woo Arizona Sen. Kyrsten Sinema, but some don't want to give away too much