{"id":58971,"date":"2023-03-13T16:48:56","date_gmt":"2023-03-13T20:48:56","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/house-republicans-meeting-monday-evening-to-plot-response-to-bidens-handling-of-svb-collapse-58971"},"modified":"2023-03-13T16:48:56","modified_gmt":"2023-03-13T20:48:56","slug":"house-republicans-meeting-monday-evening-to-plot-response-to-bidens-handling-of-svb-collapse","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/house-republicans-meeting-monday-evening-to-plot-response-to-bidens-handling-of-svb-collapse-58971","title":{"rendered":"House Republicans meeting Monday evening to plot response to Biden\u2019s handling of SVB collapse"},"content":{"rendered":"
\n

EXCLUSIVE<\/strong>: House Republicans will hold a call with members Monday evening to discuss the Biden administration\u2019s response to the Silicon Valley Bank<\/a> (SVB) collapse and formulate a response, Capitol Hill sources told Fox News Digital.<\/p>\n

The briefing call is being convened by Speaker Kevin McCarthy and House GOP leadership at 8 p.m. EST, according to an invitation viewed by Fox News Digital.<\/p>\n

The purpose is to “hear from [House Financial Services] Chair McHenry and other Members of the Financial Services Committee about the Administration\u2019s response to the failure of the Silicon Valley Bank,” according to the notice received by House GOP offices this afternoon.<\/p>\n

SILICON VALLEY BANK COLLAPSE: KEVIN MCCARTHY SAYS LARGER BANK ACQUIREMENT MAY BE \u2018BEST OPTION\u2019 TO COOL MARKETS<\/u><\/strong><\/a><\/p>\n

Two additional sources familiar with the matter confirmed the expected briefing.<\/p>\n

Fox News Digital reached out to McCarthy and McHenry\u2019s offices for comment but did not immediately hear back.<\/p>\n

The Republican House Speaker told Fox News\u2019 Maria Bartiromo on Sunday morning, “I have talked with the administration, from Jay Powell and Janet Yellen. They do have the tools to handle the current situation. They do know the seriousness of this.”<\/p>\n

That was before federal regulators announced that they were stepping in to ensure all of SVB\u2019s depositors would get their money back, despite Federal Deposit Insurance Corporation (FDIC) dictating that cash in the bank is only insured up to $250,000.<\/p>\n

\u2018SHARK TANK\u2019S’ KEVIN O’LEARY BLAMES SILICON VALLEY BANK COLLAPSE ON \u2018POOR MANAGEMENT’<\/u><\/strong><\/a><\/p>\n

Biden officials said in a statement that “no losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer,” and that the money would come from fees already collected by banks.<\/p>\n

Still, President Biden\u2019s critics accused him of making a political decision to bail out Silicon Valley investors.<\/p>\n

Rep. Lauren Boebert, R-Colo., for example tweeted, “If First Bank of Midland Texas Oil and Gas failed, you can be sure Biden would not be helping bail them out. This bailout is 100% about protecting the donor base of the Democrats and ensuring if you invest in DEI and ESG you\u2019ll be just fine!”<\/p>\n

FORMER CEO OF UBS ISSUES HARSH WARNING ON SVB COLLAPSE: THIS WILL CONSUMERS \u2018A LOT OF ANXIETY\u2019<\/u><\/strong><\/a><\/p>\n

Officials held a bipartisan, bicameral video call on Sunday evening to\u00a0update members<\/a>\u00a0of Congress after SVB was shut down by regulators following a rush of investors withdrawing funds. It was a major first step toward explaining to lawmakers what happened in the largest\u00a0U.S. bank failure<\/a>\u00a0since the 2008 financial crisis.<\/p>\n

Senate Republicans received a follow-up briefing on Monday afternoon after several claimed they were not invited to Sunday\u2019s initial meeting.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/house-republicans-meeting-monday-evening-plot-response-bidens-handling-sbv-collapse <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE: House Republicans will hold a call with members Monday evening to discuss the Biden administration\u2019s response to the Silicon Valley Bank (SVB) collapse and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-58971","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nHouse Republicans meeting Monday evening to plot response to Biden\u2019s handling of SVB collapse - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/house-republicans-meeting-monday-evening-to-plot-response-to-bidens-handling-of-svb-collapse-58971\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Republicans meeting Monday evening to plot response to Biden\u2019s handling of SVB collapse - 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