and titans many charged with being woke, but the fact of the matter was, it was a bank that made the wrong bet on treasuries at the wrong time and bought tens of billions of those, the price of treasuries went down and flat-footed while people wanted their money. now it s in receivership and run by the federal deposit insurance corporation. it s a dramatic played out amidst talk there could be other problems out there. kelly o grady has more from los angeles. kelly. good morning to you, neil. yes, it s the second biggest banking collapse in u.s. history. the first major one since 2008 and it all happened in the span of 48 hours, what started this is svb found its self short on cash. the stock was plummeting. invests warned they might not be able to raise money and a bank run and loss of clients and simultaneously tried to withdraw fund. and the regulators have taken over it and insured depositors will gain access by monday. fallout could be dire. roughly 50% of venture capi
white house with more on this, hi, lucas. lucas: it adds trillions to the national debt with $31 trillion and interest payments on the debt next year could one day approach the size of the defense budget. let that sink in. now here is house speaker kevin mccarthy adding more c conte. we ve only paid $9 trillion in interest. so he s going took us 80 some years to happen in less than ten years. lucas: let s take a look at biden tax proposals which would add more to the national debt. 25% minimum tax on people with 10 100 million plus dollars. 39.6 capital gains tax for people making over 400 grand. 28% corporate income tax, 4% stock buyback tax and 3. 8% surtax on investment income. late yesterday reports circulated that the white house will approve drilling in alaska. no final decisions have been made and anyone who says otherwise is wrong. now 3 years ago as presidential candidate as president he said he would never approve any drilling projects. no more subsidies f
hello, everyone. collapse and recovery. the white house steps in after two banks collapse. at this hour, families are forced from their homes after a levee breaches and more rain on the way. and also, three women who have not been heard from in more than two weeks. and thank you for joining us, i m kate bolduan. the president is trying to reassure the american people and the financial markets to avoid a full blown financial crisis after the collapse of silicon valley bank. regulators are also abruptly shutting down a bank in new york, signature bank which is on the verge of collapse. that set off a fran ik 48 hours, and the president said this. look, the bottom line is this. americans can rest assured that the banking system is safe. the deposits are safe. much more to this. matt egan, what is next for the two banks? it is shock and awe response from washington, and officials are serious about putting this fire out before it spreads elsewhere. what are they doing? the
bill melugin this in texas with the latest on the investigation. what more can you tell us. good evening, obviously a lot of concern for these three women, two are sisters from here in bonita is where we are, the third is the friend. as you mentioned, if disappeared for two weeks since they crossed into mexico to go to a fleamarket. look at the photos, 47-year-old rita, her older sister, 48-year-old marina rios and their friend, 53-year-old dora, none of them have been seen or heard from since february 24, 2 weeks ago, the day they crossed into mexico. petey says their families are highly concerned they were potentially kidnapped somewhere in mexico. police department telling us they notified the fbi. the fbi telling fox news they are aware of the missing women and working the case but no comment to offer right now. we are told the women were last seen driving in a green 1996 chevy silverado with texas plates and we will talk about where they were going, look at this, the t
there s a new misthink out of new mexico that we want to tell you about. authorities are on a desperate search for three women who vanished three webbs ago after crossing to mexico after vi visvi mex ke woek abhe reporter: and now according to the mexican police, these three women crossed over february 24th, and they were driving a green 1996 chevy silverado and it is when they were driving from a city calledn