responsible completely. welcome to fox fox news live, i m eric shawn. hey, arthel. arthel: hello, everyone, i m arthel neville. new questions today about what led to this e epic collapse. in 48 hours, the go-to bank for tech start-ups and small businesses went belly up. the fdic, which insures bank deposits up to $250,000, says customers will have access to their money by tomorrow morning. here s secretary yellen earlier today. what i do want to do is emphasize that the american banking system is really safe and well capitalized. it s resilient. during the financial crisis, there were investors and owners of systemic large banks that were bailed out. we re not going to do that again. eric: well, is this going to cause a meltdown the on wall street and elsewhere? nate foy is here following other breaking news. reporter: in her remarks this morning, secretary yellen kid the not say how regulators plan to help depositors, only that they will. and she assured that the u.s.
hello, bill. reporter: hey, mike. good afternoon to you. yeah, the latest information we re hearing is at least eight people dead after two of these suspected human smuggling boats capsized off the coast of san diego. and this just highlights the fact that we ve got more death at our southern border now. any way you slice slice it whether it s people crowning in the river, dying of dehydration out in the desert, boats sinking in the florida keys or off the california coast, it goes to show you the risk a lot of these migrants take as they try to get here to the united states. fiscal year 2022, more than 800 my granter deaths migrant deaths at our southern border, the all-time record. and it goes to show these human smugglers don t care if people get their alive or kid. they get paid either way. we saw that firsthand in san antonio last summer when that horrific incident happened with the trailer of 53 migrants dead, baked to death in the heat, essentially, outside the cit
mike: meantime official say eight people are dead and several others missing after two suspected smuggling boats capsized off the coast of san diego bill melugin is live with all the latest developments from our southern border including the search for three missing women who disappeared after crossing into mexico more than two weeks ago for acting dhs secretary chad wolfe is also standing by with his reaction let s go to bill melugin live in mission texas with the very latest from the border on all three major stories. afternoon we are tracking breaking news out of el paso, texas a developing situation where multiple sources tell us a massive group of a thousand migrants have rush the border there and tried to get into united states via the port of entry, take a look at the video into fox news given exclusively by a contact on the ground who is with the migrants as they rush the border on the mexican side and ran onto el paso day norte bridge in el paso and started running
another system is set to move into california early next week. back to you. eric: wow. that hail can do a lot of damage. max, thank you. arthel? arthel: well, eric, backlash after president biden released his massive i budget proposal thursday. it calls for $5 trillion in tax hikes over the next 10 years, that s a jump from his previous proposal of about $2 are rl. republican critics say the plan will be, quote, devastating for if all americans. lucas tomlinson s live at the white house. so, lucas, is the biden budget full of bad apples, or is there something good for the economy in there? reporter: it depends on who you ask, arthel. one of those critics is senator john kennedy of louisiana. he says that president biden s not being honest when he says that his budget keeps medicare and social security solvent. senator kennedy the says the president s not being honest and gave the following suggestion: the only way i know how to improve the president s budget is with a shredder.
of its most sensitive nuclear propulsion technology. many people saying this is going to help keep china in check and be a forward base for u.s. forces in the west. but as you mentioned with the president s budget, the president claims that his budget keeps medicare and social security solvent. many republicans disagree including louisiana senator john kennedy who says the president s not being honest and offered the following suggestion: the only way i know how to improve the president s budget is with a shredder. the president says that his budget will solve our financial problems in medicare and social security. that that s not true. anything seems possible when you don t know what you re talking about. reporter: many house democrats lined up to support the president and say they want to see wealthy americans taxed more. it s a bold and compassionate step forward, but we have to do