cnn s state of the union right now with caitlin collins. fallout. a key bank fails prompting some calls for a government bailout with washington split over a plan for the overall u.s. economy. i don t know what there s much to negotiate on. where is it heading? former economic adviser under president trump gary cohn joins me and republican congresswoman nancy mace coming up and reckless, in his sharpest rebuke yet, former vice president mike pence says history will hold his former boss accountable for january 6th. will other potential trump challengers agree? plus, a new voice, a multimillionaire is running for gop. we are hungry to be a bigger part of ourselves. will he be the head of the republican party? hello. i m caitlin collins in washington where the state of our union is watching the 2024 race heat up. big news in the gop presidential primary. mike pence went further than he ever has before behiendz closed doors at the gridiron dinner in washington d
this is the way banks are designed. you know, banks take in a lot of deposits and they invest them and they re-invest them in the economy which we understand is very important as banks take in deposits they re-invest them into people s mortgages and credit cards and automobile loans. so this is the traditional way that banks work. they hold some money aside for daily liquidity, but traditionally very few a very small percentage of deposits go out of the bank each day, but when a bank is perceived to have lost confidence with its customers, customers want to have their money out of a bank and financial institution and they withdraw compound upon each other and that s exactly what we ve seen at silicon valley bank and the need to withdraw or the want to withdraw has compounded and the bank does not have the liquidity to allow those customers to take their money out of the bank. so what s the right response here. if you were still in the white
Written by Steven HansenHeadline consumer credit expanded significantly and well above expectations in June. Our analysis of the unadjusted data shows annual growth continues to accelerated year-over-year.