Remains strong and that the depos depositor s savings remain safe. now to the topic of the hearing, the 2023 fiscal budget. over the past 22 years, the united states has experienced a historic recovery. in january 2021, the company was in the middle of a calamity triggered by the crow na virus pan pandemic, but the president took historic action through the vaccination campaign, and today, our unemployment rate is near historic lows and we have seen the strongest job gains in history. and now we need to navigate the economy transition from rapid recovery to sustainable growth, and this is including bringing down inflation. we have seen some moderation in
Right now. all right. mj lee at the white house, and thank you. we will continue to monitor that hearing. still to come, the state of texas is taking over now the houston school district. what that means for the current school board superintendent of the eighth largest school district of the nation with a democratically elected mayor by the way, and this is coming up. advantage: me! can t wait til i turn 65! take advantage with an aarp medicare advantage plan.n. only from unitedhealthcare.
Failures of the two banks and the action taken. what more is the white house expecting from this experience on the hill in terms of the questions that she may be getting. yeah, erica, you are right, that it is a hearing that was previously schedule for the treasury schedule to talk about president biden s budget, but the timing of this is so key, and you heard her right off of the top addressing the health of the u.s. financial market and talking about the failure that we saw in recent days of silicon valley bank and signature bank, and she was very clear saying that the banking system is sound. she said that the actions that the administration took in recent days should reassure americans that their deposits are safe. she of course was referring to the sweeping emergency actions that we saw the administration take over the weekend. one backstopping all of the funds of the depositors the, and also the federal reserve creating sweeping is emergency