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of the security burden for europe. nato numbers must finally contribute their fair share and meet their financial obligations. if nato countries made their complete contributions nato would be stronger than it is today. laura: he made it clear that the days were over when the united nations and other foreign countries could just run roughshod over america s interest. we will only give foreign aid to those who respect us and who are frankly are our friends. we expect other countries to pay their fair share for the cost of their defense. the united states is committed to making the united nations more effective and accountable. laura: his common sense message infuriated our scr scribblers to end. trump s take down of the sacred cow. what he said with it was dangerous. donald trump is recklessly destroying the underpinnings of the american led international order. he chose to walk away from the institutions that formed american foreign policy. the greatest th ....
banking collapse since the 2008 financial disaster. the trouble for silicone valley bank began last wednesday when it sold securities at a major loss. that created panic and the stock stumbled. on friday federal regulators shut down the bank and they closed a second lender new york s signature bank. both failures the last of largest since the great recession. they could have a huge ripple effect on the economy. that s what the president is try to guard again. president biden speaking minutes before the stock market opened defending the stability of our banking system trying to reassure americans our money is safe. thanks to the quick action from my administration america can have confidence that the banking system is safe. all customers will have access to their money. this is an important point. no losses bourne by the taxpayers. let s start there. [laughing]. david, how will they pay for this? this is the fdic. up to 250. yes, a little bit of money that ....
race for the white house coming in. bottom line. business as usual. all transactions are fully functional. thank you all. sandra: we begin with president biden today scrambling to restore confidence in america s banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. john: it seems like every week there is something new. i m john roberts in washington. this is america reports. the president addressing the nation before the stock market open, assuring that their deposits are safe. taking emergency measures to contain the damage from two of america s largest firms. sandra: while the president blames bank executives and republicans for the failure of silicon value bank and signature bank, critics say about the aggressive rate hikes meant to rain and rampant inflation inflat ....