Republicans on the U.S. House Budget Committee meet with Federal Reserve Chairman Powell.

The U.S. Navy Secretary revealed the need to replenish nearly $1 billion in arms for the Red Sea to a Senate panel.

U.S. House Majority Leader Scalise: Consider including border security in foreign aid bill.

The S&P 500 fell 0.4%, hitting its lowest intraday level since Feb. 22.

U.S. House Speaker Johnson: The idea of revoking the motion is absurd.

U.S. House Speaker Johnson: I will not resign.

Bank of America (BAC.N) extended its losses to 5%, its biggest drop since March 2023.

U.S. Treasury Secretary Yellen: The IMF is not concerned about the risks of over-reliance on supply from one country.

U.S. Treasury Secretary Janet Yellen: The EU has taken action to separate the proceeds from the assets held by European clearing houses and use these assets to help Ukraine.

U.S. Treasury Secretary Janet Yellen: We are considering a range of possibilities, from seizing assets to using them as collateral.

U.S. Treasury Secretary Yellen: It is important to unlock value from frozen Russian assets.

U.S. Treasury Secretary Yellen: Concerns that Russia may be emboldened by debate over aid to Ukraine.

U.S. Treasury Secretary Yellen: We are absolutely committed to supporting Ukraine, and there is no substitute for military and budgetary support from Congress.

U.S. Treasury Secretary Yellen: We have seen some spillover effects from the Iran situation, but they are not widespread.

Dubai Airport suspended operations for 25 minutes due to heavy rain and flooding.

ECB President Lagarde: The situation in the United States will be taken into account in the forecast.

U.S. Treasury Secretary Yellen: Focus on strengthening the International Monetary Fund, promoting strong lending programs, and taking strong conditional measures to help restore stability.

U.S. Treasury Secretary Yellen: The World Bank and other multilateral development banks have made significant progress in increasing their lending capacity.

U.S. senators propose bipartisan framework to address extreme risks of artificial intelligence.