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Following a Senate Appropriation committee hearings on Silicon Valley Bank’s (SVB) collapse and Biden’s proposed budget, Sen John Kennedy took to floor of the Senate to detail the failure of the U.S. Treasury and the Federal Reserve’s regulatory oversight of SVB. Kennedy also goes into detail on the nations debt and how Biden’s proposed $6.9 trillion budget along with $4.7 trillion in new taxes will add a whopping $16 trillion in new debt.
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