In the past few days, two large American banks have failed. Everyone in the financial world is now holding their collective breath, hoping that this will be the full extent of the damage and that we won't see more banks shutter their doors as well. The bank failures (even if they stop at two) will have other widespread economic consequences as well. This all might just convince the Federal Reserve not to hike interest rates another half a percent when they meet next week (which was anticipated by many) and instead leave them where they are for now. Rising interest rates played a role in the failure of Silicon Valley Bank, the first to fail. There will likely be political fallout as well, as Congress holds hearings and investigates and possibly even passes some changes to the banking laws. This would be appropriate, since the real reason these banks failed is that they were allowed to run too much risk.

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We have to warn everyone up front here that this week's Friday Talking Points column is not going to follow the normal format. Most of it is actually going to review the speech that President Joe Biden gave yesterday in Philadelphia, Pennsylvania. Biden went to Philly to introduce his annual budget proposal, which was publicly released just before he spoke.

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President Joe Biden released his third budget proposal today. It is an opening bid which both lays out Biden's negotiating position in the upcoming showdown with congressional Republicans. But it also unveils a policy blueprint for Biden's yet-to-be-announced re-election campaign. Biden used his budget to showcase his unfinished agenda -- much of which was included in his earlier "Build Back Better" proposal -- and indicate where his political priorities lie. It is a promise to the American people what Biden will be fighting for, whether for the next two years or the next six.

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President Joe Biden is reportedly going to unveil his budget proposal tomorrow. Like any White House budget proposal, it will contain both some good ideas and some bad ideas, and it will be argued about by both sides of the political divide. Progressives will argue it doesn't contain enough of their agenda items, moderate Democrats will argue it contains too many progressive ideas, and the Republicans will try to demonize it as the worst idea anyone has had since the dawn of time. Also, like all presidential budgets, it will not pass Congress intact -- not by a long shot. The House and the Senate will want to pass their own budgets, and at most they'll co-opt a few ideas from Biden's budget while charting their own course on much of it. But politically, Democrats will have a window of time where they will be able to make a potent point: something is better than nothing.

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Some people were expecting some explosive news this week from Tucker Carlson's show on Fox News. He had, after all, been handed what could have been something extremely volatile -- access to all 40,000-plus hours of video footage from the January 6th insurrection attempt at the United States Capitol. Carlson himself predicted his revelations from this extraordinary access would land with a bang. But what he just unveiled wasn't just "not a bang," it barely even qualifies as a whimper. It fizzled. It was a dud. A gigantic nothingburger.

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Apparently, there was a big murder trial down South that culminated this week, but we have to admit that since it wasn't an overtly political case, we just didn't pay much attention to it. Instead, as always, we had our nose to the grindstone of sifting through the week's political news so that you don't have to. In other words: Welcome to another installment of Friday Talking Points!

We're going to start this week with some good news. Not great news, mind you, but pretty good nonetheless. A spate of actual bipartisanship broke out in the Senate this week and with amazing speed (for Congress in general and for the Senate in particular) they came up with proposed legislation that might actually have a chance of passing. Well, passing the Senate at least, since nobody has any clue of what the GOP House will do these days.

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Today, I'm going to do something I rarely do in this column: praise Marco Rubio. Because Rubio has been the driving force behind trying to change a system that virtually everyone hates, but that which will also probably continue for quite some time to come. And time is the heart of the issue, because I am speaking of the biannual change to and from daylight saving time.

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Pharmaceutical giant Eli Lilly announced today that they would be slashing their prices for insulin by 70 percent. Think about that for a moment -- a corporation was pricing a product so high that it can cut the price by 70 percent and still make money off of it. That should be seen as nothing short of obscene to the average person. But what is interesting about this announcement is that it seems a combination of public shame and some competition in the marketplace has brought about this change. And that's worth celebrating a little bit, even if the case isn't exactly cut-and-dried.

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Trains were at the heart of the political scene this week. Internationally, President Joe Biden took a 10-hour train ride to get to Kyiv in person (which he must have thoroughly enjoyed, knowing his general love of trains). Domestically, the trainwreck in Ohio became sidetracked into a political circus.

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Changes to Senate rules and traditions tend to happen somewhat incrementally. Democrats are currently considering taking another step towards making the Senate actually functional once again, and it is a step that definitely needs taking. Because it is time to kill the "blue slip" on judicial nominations, once and for good.

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