President Joe Biden on Friday called on Congress to give regulators greater power over the banking sector, including leveraging higher fines, clawing back funds and barring officials from failed banks, according to a statement released by the White House.
Thousands of Homes, Buildings Burned Down in Palisades, Eaton Fire
Thousands of buildings, homes and landmarks in Pacific Palisades, Altadena and Pasadena have burned down since Tuesday in the Greater Los Angeles wildfires, reports the