All articles tagged with #congressional authorization
As Trump raises the prospect of taking Greenland, Republicans in Congress push for guardrails like congressional sign-off and war-powers resolutions, while privately reassuring Denmark and NATO allies. Key lawmakers including Sen. Lisa Murkowski back nonbinding measures to affirm sovereignty and constrain action, but leadership signals limited appetite to block the president, leaving the outcome uncertain.
Senate Republicans narrowly blocked a bid to require President Trump to seek congressional approval before any major military action against Venezuela, with two GOP defectors flipping after extensive White House lobbying and Vice President JD Vance casting the deciding vote to defeat the measure, signaling Trump’s sway over GOP foreign policy even as Democrats plan additional votes on related issues like Greenland.
The Biden administration and financial regulators are signaling that no U.S. bank depositors, even those with more than the $250,000 federal insurance cap, will lose money in a bank failure to prevent a cascading series of bank runs. However, there is no formal FDIC insurance for any deposits over $250,000 right now, and abandoning the cap on deposit insurance without explicit Congressional authorization could create a "moral hazard" issue and raise questions about how banks pay for FDIC insurance.