Kevin McCarthy reflects on history during tour of first speaker’s house

EXCLUSIVE: House Speaker Kevin McCarthy, R-Calif., recently toured the home of Frederick Muhlenberg, the first Speaker of the U.S. House of Representatives, and reflected on the historical importance of his position. During the tour in Trappe, Pennsylvania, located about 30 miles north of Philadelphia, leaders of a local historical society took McCarthy around Muhlenberg’s property […]

Ghost of Silicon Valley Bank turns up in Italy

A crisis at a small Italian insurer has rekindled concerns about the effect of rising rates. The rapid collapse of Silicon Valley Bank earlier this year was largely down to an ill-advised bond portfolio and liabilities that were less sticky than assumed. While Italy’s Eurovita isn’t a bank, its demise has some similarities with events […]