the only advantage to all of this is that instead of reversing what we did on the ira to save the planet or reversing what we did to reduce the cost of prescription drugs, you re wasting time. you look miserable. former house speaker nancy pelosi calls out republicans for their grievance politics and using the house floor to appease donald trump by censuring democrat adam schiff, who led the first impeachment against the former president. it comes as there s a growing riff between two of the most outspoken, far-right members of the house over how and when to impeach president biden. also ahead, we re learning more about the case special counsel jack smith is building against donald trump in the classified documents case. not looking good. plus, a man convicted of attacking a washington, d.c., police officer during the capitol riot shows a complete lack of remorse for his actions. we ll show you the officer s reaction to what happened in court yesterday. and we ll have
rates still attest. but in silicon valley it made for an epic pay day. it was soon reflected on the balance sheets of its biggest local lenders which was called silicon valley bank. in 2018, svb had about $49 billion on deposit. three years later that same bank had amassed more than $189 billion. that is a gargantuan amount of deposits over a short period of time. dramatic enough to have raised a serious question and an obvious one. what was silicon valley bank gonna do with all that money? even the san francisco bay area, it would be hard to find qualified borrowers for $189 billion. you could not responsibly loan all of that money even if you wanted to. so what would you do with it? that s the question you would have asked if you were paying attention, both from inside svb or the regulatories action. turns out nobody was paying attention. nobody thought to ask for questions. we thought stress test silicon valley bank in the middle of a room. with a narcissism complex who ta
more details for that and just a moment. we begin tonight with president biden calling on voters to reject maga republicans during his prime time address to the nation from philadelphia. the president using the term maga 13 times blasting so-called maga ideology as a threat to democracy and the country. maga forces are determined to take on and maga republicans to destroy american democracy. maga look at americans and see carnage and darkness and despair. gillian: the president warning about republican extremism as tens and thousands of dollars endorsing the trump candidates throughout the primary counsel, betting they ll flameout in the general election coming in the fall. also this evening where we find kevin corke, tracking reaction of the president s address. good to meet you my friend. when the white house s press secretary was asked if the president s speech would be a political one, she answered the question directly and forcefully with the confidence you d think
we will look at taiwan in the moment and the implications of nancy pelosi s trip there. we start with oil and the impact high prices is having on the global economy. nearly every country is struggling with the climbing cost of oil and gas as it fuels inflation and households struggle to pay bills so much so that president biden visited saudi arabia last month to persuade the major oil producer to increase supply and cool soaring prices. saudi arabia meets today with the other members of opec plus to decide on their next move. our middle east business correspondent sameer hashmi has more. another opec plus meeting but this one is a crucial one that comes with them if as of august producing the same amount you are back most members of opec plus in the uae only to members which have limited spare capacity. that boils down to them whether they will be able to boost production substantially to balance the market and bring down oil prices. it s very unlikely they are going to mak
We are along for the riled. Gaza ceasefire talks intensify in egypt. In one of the biggest antigovernment rallies since october 7th. Israel says it will not send a delegation to cairo for talks with hamas until the militant group responds to its proposals plus, as College Graduations begin, some are met with protests. Trouble today at the University Of Virginia. And disruptions in michigan two florida teens turned themselves in after being caught on camera Dumping Garbage into the ocean. And later, she was the majesty of the seas, the queen mary. Her reign ending in california. Why it is once again full steam ahead. Theres a soul other ships dont have but the queen mary has. Announcer this is the Cbs Weekend News from washington with adriana diaz. Good evening. Im ed okeefe in tonight for adrianna. We begin in texas where theres a Brief Break In The Rain but a flood watch across the third most populated part of the country. Some areas of texas have seen 12 inches fall in recent days, t