evacuation orders in california as excessive rainfall leads to raging flood waters. the fresno county sheriff joins me in a few minutes. new legal woes for donald trump, the former u.s. president is considering whether to testify before a grand jury about his alleged role in a hush money scheme. a look at what s behind the second largest bank collapse in u.s. history, and how it happened in just 48 hours. announcer: live from cnn center, this is cnn newsroom with kim brunhuber. another atmospheric river has been pouring massive amounts of rain and snow on california, at least two people have died in powerful storms battering the state. and the weather prediction center put parts of california in the highest warning level possible for excessive rainfall with the worst of it out along the california central coast. officials issued warnings for 10,000 residents, including these folks, who say the rain is unprecedented. go up there check on the scene in case they need
portions of the state. just minutes ago we were seeing this video of a levy that failed overnight in monterey county. that has forced evacuations, washed out roads and bridges. this week s atmospheric river, the tenth to hit the state dropped more than a foot of rain in some areas. at least two people have died in the most recent storm and more rain is on the way for some hard-hit areas. several feet of snow is blanketing the sierra, nevada mountains. they worry melting snow could cause more flooding. california national guard in high water vehicles are staged throughout the state. mike lareo is in vallaero. reporter: we re in the heart of the flood zone and we have all of this flooding in the downtown area because from that video you just saw, the levy is about 3 miles behind us and as soon as that levy had a breach around midnight local time, jim, all of that water had nowhere to go but here except for low lying areas. you can see there s a little bit of a dry spot in our
kev kev quite a date here in the nation s capitol. good evening, trace. breaking tonight, investors in silicon valley bank have already taken legal action to recoup their losses after, of course, the bank collapsed on friday despite the class-action lawsuit and a volatile day on wall street. as you pointed out, the president wants americans to believe our financial institutions are, in fact, secure, while also being careful to not use the banking b word. bail out. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. reporter: while the fdic insures bank deposits to a quarter of a million dollars, nine of 10 depositors of xeb had more than that amount in the bank. still, the administration says they ll be covered. nothing to worry about. that also includes customers of new york-based signature bank which also collapsed over the weekend. the third largest bank failure in american history. signatu
hello, and thank you for joining me this sunday. i m fredricka whitfield. and we begin this hour with the west coast bracing for another round of dangerous downpours. the 11th atmospheric river so far this season is expected to hit in the coming hours. forecasters are predicting this latest storm to bring up to 6 inches of rain for parts of northern and central california. areas already facing severe flooding. more than 15 million people remain under flood watches from california to nevada and evacuation orders are already in place for parts of monterey county after a levee brief flooded homes. sheriffs are going door-to-door to help as rivers of waters rush through the communities. mike is in hard-hit monterey county. it looks like you re standing in a lake. but then, at the same time, it looks like that is like a downtown area? reporter: yeah, fredricka, good morning. this is in monterey county, california and we thought would this water recede, but this water has been he
making a financial decision bail out the silicon valley investors and those down fossil fuels but president biden is getting hammered by his own party tonight after apw oil-drin alaska. matt finn live with the breaking information come into the newsroom. matt, good evening. reporter: president biden is being slammed by top democratic lawmakers for approving the alaska oil drilling project expected to produce 600,000,000 barrels of oil over the next few decades. his decision was tactically leaked to the media last week in a last-ditch effort to get biden change his mind. he did not and announced today the administration is moving forward with the willow project which is considered one of the largest proposed oil drilling projects on public lands in decades. now, the trump administration previously approved it but a federal judge ordered more rigorous environmental analysis.