Treasury Secretary Janet Yellen attempted to reassure Americans that the country’s banking system was stable at a Senate hearing this past week. There are growing concerns from lawmakers on Capitol Hill that the collapse of two U.S. banks will impact the Fed’s fight against inflation. Meanwhile, no progress has been made in averting a default due to the debt ceiling stalemate between President Biden and House Republicans. FOX News Senior Congressional Correspondent Chad Pergram and FOX Business White House Correspondent Edward Lawrence describe the week that was in Washington.
President Biden approved an expansive oil drilling initiative in Alaska this week, titled the Willow project, a decision met with considerable backlash from left-wing environmentalists. Spokesman for the project, Alaska Senator Dan Sullivan (R-AK) discusses the rationale behind President Biden’s decision, advocates for domestic energy sourcing, and comments on the fervent retaliation the project is facing from environmentalist groups.