of trump s role in the january 6th insurrection. and a new flood emergency in california threatens millions of skorm battered residents as the east coast braces for a powerful storm packing heavy rain, strong winds and possible blizzard conditions. welcome to our viewers in the united states and around the world, i m wolf blitzer. you re in the situation room. tonight, the biden administration is scrambling to respond to two of the biggest bank failures in history creating new peril for the economy and president and a lot of americans are worried right now. here s cnn s chief white house correspondent phil mattingly. the bottom line is this, americans can rest assured that our banks system is safe. reporter: president biden seeking to reassure a nation on edge. reporter: we put in place tough requirements on banks like silicon valley bank and signature bank. reporter: he also placed blame on his predecessor for contributing to this moment. unfortunately, the last
crisis that we ve seen this kind of stunning bank collapse. that s why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. no losses this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. martha: is that accurate? let s bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. now it s up 163 points. i want to ask you why in just a moment. first of all, this idea that the taxpayer is not on the hook in any way for this. let s play this janet yellen sound bite. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and were certainly not looking and the reforms that have been put in place means that we re not going to do th
what else are you learning about when this call could happen? reporter: well, it s going to be pretty soon according to the sources i have spoken to inside ukraine. but nothing concrete, i have been told, by senior officials have been scheduled. so it s still very much in the it could possibly happen stage. if it does happen, it would be the first time that president zelenskyy of ukraine has spoken with xi jinping and that contrasts starkly with the amount of contact there has been between the chinese and russian presidents. it s been more than 40 occasions that they have had face-to-face meetings. the latest occasion is scheduled to take place anytime now within the next few minutes they are expected to meet inside the kremlin for formal negotiations how to bring these two increasingly autocratic countries even closer together. remember, russia is an important resource for china s economy. it s got massive reserves of oil and gas and a forestry of minerals that is supply
Economic struggles. We do not have to live like this. We get better leadership into washington d. C. We can actually solve some of these problems are a quick Senate Debates get heated including an unusual race in utah. We need to send people to washington who are willing to stand up to both republicans and democrats for. To suggest some beholding to either party is contradicted by this plane affects practical senator mike lee about hes reelection in a deep red state. Then. We need to do our job at the border. The migrant crisis is meeting new highs. As asylumseekers flooded new york. But one texas city said it plans to stop sending the buses north and wait until you hear why. We will have a live report from the border and bring in Democratic Congressman Henry Cuellar eight moderate in the competitive race for his texas seat. Then a new poll that shows a Big Change Among Independent women. Lester sunday panel which candidates could benefit. Plus foxbusiness kudlow on fears of recession.
americans enter the pool. natural gas in our territory to be the whole world. scientists have created a new covid strain that has an 80% kill rate. almost 11,000 lab leaks a little past decade, all of of this research should be banned. that s good, the cake is good! the chargers when it in ove overtime. brian: live from atlanta, georgia, live in a couple minutes we ll be talking to the governor brian kemp about the big debate last night, you re looking at the very distinctive mercedes-benz stadium come of course that is the home for the falcons, they will play the lid next home game, carolina panthers on oct october 30th and it is also the home of united atlanta professional soccer team. that makes atlanta their home. brian: they wanted the championship when you re out and they were selling out 50-60000 which is pretty amazing. sun shining down right now it s 39 degrees in atlanta, georgia, wa gat. they have a lot of traffic, 54 will be. rachel: will b