President Joe Biden sought to reassure the country Monday that the "banking system is safe" and that taxpayers would not bear any losses following the failures of Silicon Valley Bank and Signature Bank last week.
The market is reacting to Silicon Valley Bank's failure on Monday morning, with major indices in the red and shares of several smaller banks collapsing.
Academy Award winner Michelle Yeoh, 60, blasted CNN host Don Lemon in her acceptance speech on Sunday, saying she hoped her win encouraged other women not to “let anybody tell you you are past your prime."
Fallout from the Silicon Valley Bank collapse has directed attention to a $620 billion ticking time bomb in the banking system that has the potential to spell doom for the financial system.
Shares of First Republic Bank tanked by more than 60% in premarket trading Monday morning, as the effects of the Silicon Valley Bank collapse continue to be felt.
President Joe Biden is set to address how the country will "maintain a resilient banking system" amid the collapse of Silicon Valley Bank in a speech Monday morning.
The National Republican Congressional Committee released a list of vulnerable Democratic members of Congress it seeks to target in an effort to expand the party's House majority in 2024.
The Biden administration reportedly signed off on a large-scale oil project in rural Alaska, one of its most consequential resource decisions yet and one certain to devastate the environmental groups and congressional Democrats who advocated against the project.
