hello, everyone. welcome to cnn newsroom. and i m john berman. victor is off this froop. and we begin with president biden s dramatic overnight move to dparnguarantee the money is e bank. this comes after the failure of two banks. today the president announced regulators are taking them over, but unlike what was seen in 2008 the u.s. will cover only bank customers not bank investors. all customers who had deposits in these banks can rest assured that we protect it, and they ll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business. investors in the banks will not be protected. they knowingly took a risk, and when the risk didn t pay off, investors lose their money. that s how capitalism works. svb s small businesses are thankthal for president biden s decision. i am quite relieved from what i heard from president biden. i think the administration h
continues to spawn violence across the country. meanwhile on capitol hill, the stalemate over the debt ceiling continues as the country hits its borrowing limit. we ll have the latest on efforts by the white house to find some sort of compromise. plus, the george santos saga takes another really strange turn. now there are questions about where his mother was on 9/11. also ahead, we are hours away from a decision on criminal charges in the deadly shooting on the set of rust. remember that? we ll get you caught up on the case that could come to a major development this morning. and we ll dig into new reporting on an aggressive new proposal from the biden administration as it pertains to the war in ukraine. joe has the morning off but willie and i are here in new york, and we have with us, the former aid to the george w. bush white house and state department, elise jordan, an msnbc political analyst. former white house communications director under president obama, jennifer
For everyone who has despaired of children ever again being allowed to climb trees, race a go-kart down the street and roam the neighbourhood playing games, there's good news.
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