Media

One thing that Ro Khanna, a U.S. House member who represents parts of Silicon Valley, has learned about trying to organize relations between the Democratic Party and tech billionaires is that it is often easier to leverage the narcissism of founders than to disabuse them of it.

SUNNYVALE, Calif. - A Sunnyvale Starbucks says it plans to vote to unionize later this month and today, Silicon Valley congressman Ro Khanna met with some of the employees in a show of support. Workers say their hours are being cut, preventing them from getting benefits, which often leads to a short staff.

Rep. Ro Khanna understood the gravity of Silicon Valley Bank's collapse quicker than most.

Tech leaders were lighting up the Silicon Valley congressman's phone the night before the shutdown, and his experience working in the Obama administration's Commerce Department told him swift action would be needed.

WASHINGTON – President Joe Biden knew earlier this month that he needed to project command and confidence as he prepared to deal with a brewing banking crisis that would rattle financial markets.

He had learned that lesson the hard way a decade and a half ago, during the nation's worst financial crisis since the Great Depression.

We speak with Democratic Congressmember Ro Khanna about the collapse of Silicon Valley Bank and Signature Bank, regulating the banking sector, and how Federal Reserve interest rate hikes contributed to the banking crisis.

WASHINGTON — Lawmakers are looking for ways to resolve a major concern that threatens to keep the banking industry in turmoil: The federal government insures bank deposits only up to $250,000.

Congressman Ro Khanna led efforts to ensure depositors of Silicon Valley Bank could withdraw their funds following the largest collapse of a U.S. financial institution since the 2008 mortgage meltdown.