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what is happening might be doing some of the tightening for the fed. because actually the banking sector is this cooling effect in banking might be a kind of a tightening. so we will see. again, next fed meeting is march 22. and she mentioned this scale of outflows, that is another factor that may be holding u.s. stock prices steady. fewer customers withdrawing their money from u.s. banks on monday. a senior treasury official says deposit outflows from small and mid-sized lenders slowed, a sign of the element of the biden administration strategy is working, that sending a clear message that customer banks fors are in fact safe. more on that from phil mattingly at the white house. bottom line is this, americans can rest assured that our banking system is safe. reporter: president biden seeking to reassure a nation on edge. during the obama/biden administration, we put in place
rebounding and more importantly, there s reporting from our colleague phil mattingly who talked to a treasury official who said that deposit outflows, those appear to be easing and that is, of course, exactly what u.s. officials want to see. that is exactly what they were hoping to see by the measures that they took, if that s true that that s happening, they will be relieved there. the markets also finding something to like about the inflation reports today which was, you know, mixed, a little bit mixed. listen, i think that they the bad news is inflation is not gone, it s still here, it s still hot. but it is cooling off. consumer prices up by 6% year over year. that is not healthy. that is actually three times hotter than what is considered healthy. but as you can see on that chart, the trend is moving in the right direction. we hit 9% inflation back in june. so this is welcome. i think if you dig into the numbers, you see there are still some price spikes, we re seeing big pr
thank you for getting up early for us. a senior treasury official tells cnn the scale of the outflows of deposits from the regional banks is slowing. that is a good sign. what are you expecting? it is a fantastic sign and best news to come out of yesterday for the banking sector. and i think it really does show that the concentration in this very small number of banks of kind of a significant balance sheet cover enshal is being sustained a little bit. and so i think that we re all breathing a bit of a sigh of relief on that. was out of this out o f of wh
that broke this story. josh, this is added to a list of attorney dealings. tell us what you found out. yes, you re right. it s the latest in a long line of evidence that shows joe probably did know what his family members were doing. foreign business dealings they had. i have these documents that, one is the most interesting i think. affidavit from a former senior treasury official. he was investigating the case. jim was negotiating a 140 million-dollar settlement between the u.s. company and the king of saudi arabia. he interviews jim and jim is frank, boasting that he got the job doing the negotiation because he was the then vice president s brother. he tells him that over and over
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