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Transcripts For MSNBC Andrea Mitchell Reports 20240706

depositors president biden in remarks this morning addressing the moves by his administration america s going to have confidence that the banking system is safe your deposits will be there when you need them. i instructed my team to act quickly to protect these interests. no losses will be born by the taxpayers. i ll break it down with larry summers. the president s heading to san diego this hour with meetings where the british prime minister and australia s leader, highlighting the sale of nuclear submarines to our allies to counter china s indo-pacific power. and donald trump heading to iowa today following the footsteps there with likely challenger, ron desantis and days after his former vice president, mike pence, made his most critical comments yet over trump s role on january 6th. good day, everyone i m andrea mitchell in washington depositors at the failed bank breathing a sigh of relief after the u.s. government led by the treasury department, federal reserve,

Transcripts for MSNBC Andrea Mitchell Reports 20240604 16:27:00

happened to svb and signature bank take a listen to that part of his morning speech unfortunately, the last administration rolled back some of these requirements. i m going to ask congress and the banking regulators to strengthen the role of the pbank to make it less likely to happen again. and to protect american jobs and small businesses so kelly, talk about this balancing act president biden is managing with not only a possible re-election bid, obvious concern they were trying to reassure people without really reassuring them, even when the treasury secretary went on cbs yesterday morning and it didn t work and they couldn t find a buyer so they had to move as you have laid out the collection of issues the president s dealing with, it gives you a sense of how complicated the portfolio for the president is right now white house officials have just given us sort of an insight of how he was briefed on this banking issue over the weekend

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