First Republic Teeters, Wages Rise

Kevin Kiley is a California Republican who has a few notes for his party’s leadership in the House of Representatives. He also may have been drawn out of his job with the new district lines California voters passed last month at Gov. Gavin Newsom’s urging. Rep. Kiley joins David ...  Show more

Donald Trump reversed course on the Epstein files to get right with his party in what proved to be a rare crack in the strong bond the president has with his MAGA base. In addition to the Epstein matter, President Trump has come in for some criticism from supporters over his mess ...  Show more

On Monday morning, the federal government took over a third failing bank — this time, First Republic.

Jeanna Smialek, an economy correspondent for The Times, discusses whether we are at the end of the banking crisis, or the start of a new phase of financial pain.

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The Federal Reserve is scheduled to meet this week for the first time since the collapse of Silicon Valley Bank. The key question: will the largest failure of a US bank since 2008 change its approach to fighting inflation? In today’s episode we look at how we got here, the emerge ...  Show more

First Republic Bank is the latest financial institution to fail amid turmoil across the industry. Meanwhile, inflation is still high. Layoffs are rocking some industries. And labor shortages are throttling others. So… are we about to face the recession that economists have been p ...  Show more

In the past week, as spooked customers frantically withdrew $42 billion from Silicon Valley Bank, the U.S. government stepped in to craft a rescue operation for the failed lender.

But efforts to contain the crisis have met resistance, and the fallout of the collapse has ...