production. alaska republican senator is here to weigh in. i think a lot of us were panicking. we re trying to get through it and open different bank accounts quickly. am i nervous? no. it is backed, secured, the government is doing the right thing. i m shocked it happened. i m devastated it happened, because svb was the heart of the ecosystem for the technology and venture company world. president biden says americans should feel confident in the state of the economy, but inflation collapses are doing little to confirm those fears. hello and welcome, everyone. i m sandra smith. i m john roberts in washington. this is con america reports. businesses and the broader economy. the february report further complicating the federal reserve s big decision on interest rates. it is looming. many economists are pleading with chairman powell to tap the breaks on the rate hikes following the collapse of two may major u.s. banks. first we re going to peter who is travelling
h look, we have community banks across the nation bailing out depositors. silicon valley, new york, perhaps china. they will pass that fee on to community banks. every bank in america. and this bank failure is a new wrinkle in a run up to an expected reelection announcement where president biden likes to talk about the success of his plan coming out of the pandemic. he will be here for a fundraiser. the power center of democratic politics in this battleground state. don t forget your winnings are taxable. peter deucy for us. sandra? let s bring in our panel, doug is here. right now we see another big bank is taking a hit by the way. credit swiss. that could be playing out, they