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    Regulators have seized the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank was the nation’s 16th-largest bank. It failed after depositors hurried to withdraw money this week amid anxiety over the bank’s health. It was the second biggest bank failure in U.S. history after the collapse of Washington Mutual in 2008. The bank served mostly technology workers and venture capital-backed companies, including some of the industry’s best-known brands.

    President Joe Biden chose a union training center in Philadelphia to lay out his new 10-year budget proposal and challenge congressional Republicans to release their own spending blueprint. Biden said the GOP follow suit and then the two sides could "sit down and see where we disagree.” He expressed doubt that Republicans could make their numbers match their calls for a balanced budget. And he suggested that any efforts to do so could come at the expense of middle-class families. In addition to deficit reduction, Biden’s budget proposal largely revolves around the idea of taxing the wealthy to help fund programs for the middle class, older adults and families. The GOP already is rejecting the plan.

    Democratic and Republican Senators on Capitol Hill reacted Thursday to President Joe Biden’s 10 year budget plan proposal, which largely revolves around the idea of taxing the wealthy to help fund programs for the middle class, older adults and families. When Sen. Josh Hawley, R-MO, was aske…

    With fluctuating economic changes following the COVID-19 pandemic, it’s difficult to gauge how the country is recovering as a whole, as well as how local economies are faring. One way to measure the virus’s economic impact is through gross domestic product (GDP)—the value of all goods and se…

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    Money envy can lead to negativity and struggle in your own life, but there are ways to dig into the cause of your feelings and to start focusing on your own financial goals.

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