Biggest bank failures since 2008 prompt reassurance from BidenPlay
President Biden assured Americans that their money was safe after the second and third biggest bank failures in U.S. history. The Federal Deposit Insurance Corporation has stepped in to guarantee all uninsured deposits at Silicon Valley Bank and Signature Bank, but questions remain for the world economy.
Here & Now's Scott Tong gets the latest from NPR business correspondent David Gura.
This segment aired on March 13, 2023.