Elissaar has more on what could happen next, alyssa. Thats right. Well, officials were looking for a buyer and we were expecting to hear an announcement sometime today, but at this time, we are still waiting to learn the fate of First Republic bank. The feds were expected to take over First Republic sometime this weekend. I spoke with an economist about what another bank failure could mean for the banking industry. First there was the failure of Silicon Valley bank, then Signature Bank and now another one is on the chopping block. First Republic Bank headquartered in San Francisco, depositors pulled out more than 100 billion last quarter. First Republic Bank has been hurt, just like Silicon Valley bank, hurt by an enormous run on their deposits. Jim wilcox, you see, high school of business professor and economist, explained how this run on the bank can lead to failure. Theyve had to replace these deposit. That they have been paying very low Interest Rates on and still would be with ver
That is point one. Point two, there are disciplines that the government based off of research, that are critical to our National Defense and the economy in some ways. We have to vet, seriously, students who are allowed to enroll in that so that, this is not a revolving door and pipeline for china, korea or russia to have technology and research. Coupled with that, we have the ability in how we apply this and take it commercial, and take it to use. Yes, the answer is we have to look at we have enrolled into many of these disciplines in universities and take a good hard look at that. Thank you very much. Just adding my thanks to the witnesses. Most of my questions have been addressed. Thank you. Dr. Go paul i appreciate dr. Gopal i appreciate your various work. They have been toiling in this field as you have for many years. You referred and use the term willful blindness and i appreciate the recognition of the longterm work of this commission. I would argue to you that willful blindness
Margaret thank you to all of you for joining us tonight, to our dedicated staff here at George Washington university. To our media partner, cbs news and sirius xm and our incredible production team. Thanks for helping the Bipartisan Policy Center sponsor this wonderful debate. Its the fourth in a series by the senate project. Tonight promises to be an interesting and informative discussion on some of the most Critical Issues facing our country and our world. We are honored that senator chris coons and senator marco rubio agreed to participate in this important program. Thanks to both of them. As you saw in those two video, the genesis of the senate project came from two u. S. Senators who had very different points of view but looked for Common Ground. Youll be hearing from senator tom daschle in a moment with more on their relationship and what it meant for the senate as an institution and for our country and all of us. I also have the privilege of collaborating with senators kennedy a
And making sure the process works. Senator rubio when people know each other it makes it harder to hate each other. We are an organization together, a Prayer Breakfast but you have disagreement but you like them as a person. You just dont know how they voted or bumper stickers and know them as a father, mother, neighbor, someone who did you favor and that is always important. In the senate that happens. Committees are smaller and you have to make a point of seeking it. I dont know if we are going to get back that everyone lives in washington and goes on vacations. Are you but you need to have that level of cooperation and know each other. You may not agree on 910 things but agree on things you have common interest on. The most coveted thing is a bipartisan cosponsor and makes the bill more attractive and easier to pass. In my case, there was a time when senator cardin were passing so many bills together. They would call me cardin and rubio. And that happens and citizens will tell you,
Margaret thank you to all of you for joining us tonight, to our dedicated staff here at George Washington university. To our media partner, cbs news and sirius xm and our incredible production team. Thanks for helping the Bipartisan Policy Center sponsor this wonderful debate. Its the fourth in a series by the senate project. Tonight promises to be an interesting and informative discussion on some of the most Critical Issues facing our country and our world. We are honored that senator chris coons and senator marco rubio agreed to participate in this important program. Thanks to both of them. As you saw in those two video, the genesis of the senate project came from two u. S. Senators who had very different points of view but looked for Common Ground. Youll be hearing from senator tom daschle in a moment with more on their relationship and what it meant for the senate as an institution and for our country and all of us. I also have the privilege of collaborating with senators kennedy a