federal reserve data shows 177 billion flowed out of smaller banks from february to march while all banks in the nation saw deposits fall about 22%. we see money leave banks before big events like the bank failure. this is a huge drop and concerning experts. higher interest rates, government spending as well as inflation stressed the poorly-run banks. fdic in a couple of hours will release options they have now to reform or change the deposit insurance to add more confidence in the system. there is a lot of concern in the government about this. harris: when you say 21.8% a drop in deposits, what does that mean across the board? is that rot? that s all banks in the system. what we ve seen in over the past 18 months the deposits in all banks are going down like 5%, 1%, 2%.
that s the democrats saying with their tax priorities. they re like i know what you need we re going to work on the weather in 50 years and audit you it will be great. todd: this new irs fear we have 87,000 agents, are you buying the spin that these irs agents are just going to be to there to help. yeah, yeah, that s the thing. they just care about customer service. god love anybody who doesn t think they re going to come after the little guy. i ve been audited three times. todd: three? three times. the first time was when i was a cabbie, 2009, we had just had baby lincoln and i had high fuel expenses so they brought me in to say this doesn t check out who you making it on a low income. i had receipts as a cab driver you drive a lot but the point is they took a time to look at my taxes. i don t mean to show off and pistol whip you with my propers pairity but i was pulling in about 21.8 thatier and that s who they went after? why do they do that because we
to be able to tap some people and say you re a biden guy. you are a biden gal. do you think that s going to play? no. that s not going to play at all. in fact, we saw last night with john fetterman winning, you know, the far leftist over the moderate conor lamb, so-called moderate. that tells you what you need to about joe biden s power. revealing poll by the triple dnc the most vulnerable democrats they are 21.8% higher in their approval than president biden. think about that. 20% points higher than the sitting president for vulnerable democrats. i m pretty muchy sure they are going to be as much as they can. jesse: that s a big drag right there. sound the roe v. wade thing is playing big now. we just had youngkin talking about how he is going to work things out there in virginia. they had a hearing on this abortion access situation should the ruling come down. and i believe it was a republican congressman talk to one of the democratic witnesses and oh my god listen to what
but with the increase in costs in almost everything related to homes new floors, new baseboards and doors reporter: this general contractor is now dealing with very different numbers. we re looking at $120,000 to $150,000 more. $750,000 now, just a year apart. reporter: according to data from the bureau of labor statistics, inflation for construction materials has increased over 23% in the 12 months since march of 2021. metal products 36%. lumber 21.8%. plastic 35.2%. the supply of wood, used to be $25. now you pay almost $50. reporter: these price hikes are impacting new construction and existing homes. if the cost of producing housing goes up, in order for that housing production to be
new doors. reporter: this general contractor is now dealing with very different numbers. we re looking at 120-to-$1 theft,000 more so we would be at $770 to 750 now taking it apart. reporter: according to data from the bureau of labor statistics, inflation for construction materials have increased more than 23% in the 12 months since march of 2021. metal product, 36%. lumber, 21.8%. plastic 35.2%. this plywood, it used to be like 20 $25. now you pay almost $50. reporter: these price hikes are impacting new construction and existing homes. if the cost of producing housing goes up, in order for that housing production to be profitable. you need to charge higher rent or else you will lose money and that s an important source of where our inflation efforts are