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,
danger of systemic issues like this hasn t gone away. and that ought to tell us that we need to move in the direct of stronger oversight and regulation, not weaker and that is something i m discussing with the ranking member on the financial services committee about a broader package of reforms to address this recurrent problem i think we also need to look at fdic insurance and more than just depositors, but non-profits and payroll for workers to make sure those things are protected against these management practices. yeah. well i m sure that this is an issue that you pretty much agree with katie porter. one of your rivals let s say for that senate bid right now in california but what do you do about the house republicans? well, i would hope, but who knows, that in light of this you know, run on now two banks and
for voters in new york and people that watch it develop on tv. perception wise it s new and more and in politics what matters is perception. he has a recurrent problem. there s a huge difference between a one-time occurrence and recurrence going on after he had been caught. this tells you this guy has a problem. also you have another timing this looks politically expedient for somebody, mr. avalon, that it comes to the polls his original statement was there will be more and this happened while we were working things out. there s no question the media loves this. it s so much easier than covering the race itself but to voter what do you think this will mean? remember he s been campaigning asking for a second chance. thousand today he s asking for a third chance. that s fundamentally different in what the voters are being asked. not only did he make a stupid mistake involving sexting but he
sure we know who the perpetrator is and we are very positive if he s watching cnn right now he should consider turning himself in. so earlier on, there had been reports of possibly three suspects. at this point are you saying you believe there s just one suspect? at this time, we re not able to rule out that there was more than one. we did have some witness statements that made a lot of sense to us that there may have been more than one. but when the entire investigation s done we ll have a clearer picture. right now we re very focused on one individual. you know, i ve spent a lot of time with the police in new orleans over the years. one recurrent problem as it is in many cities is people not wanting to come forward and talk about what they ve actually witnessed. was that a problem on this? did you have people coming forward? actually we had a lot of assistance and one of the things that is unique about new orleans is 9 out of 10 people in new orleans understand crimestoppers