of control the washington post is reporting that officials are safeguarding all uninsured deposits at ? valley bank this is a response of the government can t find a buyer for the failed bank and the treasury department has briefed lawmakers about the latest on the situation. they were the go to lender protect startups until the sudden collapse on friday. and what are we hearing from the bided administration about what s being done and what s being ruled out? the bided administration has been working trying to find a solution in the wake of a collapse a bank the treasury secretary said she has been speaking with regulators throughout the weekend and depositors and president biden spoke last night with the california governor gavin newsom about steps to address the situation. one big question is regarding the deposits at the bank for the time being the fcic insures deposits up to $250,000 leaving them to question what happens to those who have larger than that amount and t
it s very simple. three things just do these three things. pay your taxes, mind your business, and keep will smith s wife s name out of your mouth! i needed that this morning. i missed my morning. that s eddie murphy going there on the oscar slap after the golden globes returned. we re happy to have you here. you can see kaitlan is back in washington d.c. we ll get to kaitlan in a moment. a lot to talk about. ready? ready. let s go. we ll start in california, where millions remain under flood alerts, not over yet, more on the storm walloping that state. new developments in the case of the missing massachusetts mother. what investigators found while searching through the trash. also this. i was briefed about this discovery, and surprised to learn there were any government records taken there to that office. that s president biden commenting now for the first time on the classified documents found in his private office. cnn has exclusive reporteding this mor
right up federal regulators are scrabbling to prevent a sudden bank failure from triggering a wider financial meltdown. cnn has learned the fdic has prepared to step it and operate silicon valley bank to ensure its account holders can pay their employees in the wake of friday s sudden collapse of that banker that s according to a source with details on briefings between treasury officials and lawmakers for us just one sinner being floated at this hour with just hours left until financial markets reopen for monday trading for less tara spoke with a woman who used to silicon valley bank to run her small business per she says she is not her yet from any bank or federal official about the status of her money, here s what she had to say. note direct communication from anyone at this point. so i m in close communication with a lot of other founders and business owners. and we are trying to share all the information we can find during our own research and piecing it together. fran
it s the top of the hour on cnn newsroom. i m alisyn camerota. i m victor blackwell. good to be with you. more than 8,000 flights have been delayed just today after the faa made a rare move in the ground of safety. they grounded flights to work out major flights in a messaging system. pilots use this system to learn about safety hazards in realtime. somewhere overnight, there was an issue with irregularities in the messages that were going out that reflected a bigger systems issue, and this morning at about 7:00, there were still problems validating that the messages were going out. so for safety reasons to make sure that every aircraft that took off was doing so safely, faa implemented a ground stop. secretary buttigieg said it s still not clear what caused this system failure, but it does not appear to be a cyberattack. what is clear is the ripple effect for thousands of passengers so let s bring in cnn s adrienne broaddus. what are passengers telling you, adrienne?