Latest Sherrod Brown News
Bank execs blame panicked depositors for Silicon Valley, Signature failures, but senators blame them
NEW YORK (AP) — Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday, instead using their time to assign blame to events they said were largely out of their control. The...
More sanctions for deadly fentanyl if bill becomes law
WASHINGTON (AP) — Over the past year, the U.S. Treasury Department has used its sanctions powers to impose wide-ranging financial penalties on Russia in response to its invasion of Ukraine — turning Russia into the most sanctioned country in the world. Now, the federal agency is...
Editorial Roundup: Ohio
Cleveland Plain Dealer. April 20. 2023. Editorial: In 1953, Ohio voters created a state board of education. Why are lawmakers trying to gut it now, without another ‘people’s vote’? On Nov. 3, 1953, State Issue 2 appeared on ballots throughout Ohio as a proposed...
GOP's Moreno joins race to unseat Sen. Sherrod Brown of Ohio
COLUMBUS, Ohio (AP) — Wealthy Cleveland business owner Bernie Moreno has joined the race to unseat Democratic U.S. Sen. Sherrod Brown of Ohio, becoming the second Republican candidate to challenge the three-term incumbent. The 56-year-old auto dealer and technology executive filed...
Editorial Roundup: Pennsylvania
Pittsburgh Post-Gazette. April 3, 2023. Editorial: Cheers to Pa.’s senators for leading the way in holding the rail industry accountable Pennsylvania’s U.S. senators are leading the push to hold the rail industry more accountable for ensuring the safety not just...
Fed official: Bank rules under review in wake of SVB failure
WASHINGTON (AP) — The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary to fix the problems. ...
Bank failures and rescue test Yellen's decades of experience
WASHINGTON (AP) — Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy. She quickly turned to someone who had been through the fire before, and on a much...
Bank failures: Anger in Congress, but division on what to do
WASHINGTON (AP) — Bills were filed, hearings were planned and blame was cast as Congress reacted this past week to the abrupt failure of two banks. A look at what lawmakers are saying and planning as the fallout continues from the collapse of Silicon Valley Bank and Signature Bank. ...
