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responsible completely. welcome to fox fox news live, i m eric shawn. hey, arthel. arthel: hello, everyone, i m arthel neville. new questions today about what led to this e epic collapse. in 48 hours, the go-to bank for tech start-ups and small businesses went belly up. the fdic, which insures bank deposits up to $250,000, says customers will have access to their money by tomorrow morning. here s secretary yellen earlier today. what i do want to do is emphasize that the american banking system is really safe and well capitalized. it s resilient. during the financial crisis, there were investors and owners of systemic large banks that were bailed out. we re not going to do that again. eric: well, is this going to cause a meltdown the on wall street and elsewhere? nate foy is here following other breaking news. reporter: in her remarks this morning, secretary yellen kid the not say how regulators plan to help depositors, only that they will. and she assured that the ....
Another system is set to move into california early next week. back to you. eric: wow. that hail can do a lot of damage. max, thank you. arthel? arthel: well, eric, backlash after president biden released his massive i budget proposal thursday. it calls for $5 trillion in tax hikes over the next 10 years, that s a jump from his previous proposal of about $2 are rl. republican critics say the plan will be, quote, devastating for if all americans. lucas tomlinson s live at the white house. so, lucas, is the biden budget full of bad apples, or is there something good for the economy in there? reporter: it depends on who you ask, arthel. one of those critics is senator john kennedy of louisiana. he says that president biden s not being honest when he says that his budget keeps medicare and social security solvent. senator kennedy the says the president s not being honest and gave the following suggestion: the only way i know how to improve the president s budget is with a shredder. ....
Seized. actually, the president of mexico said it s no longer what we knew before, the small kitchens. so he s obviously lying, which is nothing new. he s protecting the cartels. but let me address something, eric. in america law enforcement every day is really going hard a after the cartels. like in los angeles this week, they seized over a million pills many in an undercover deal with the hawthorne police department. and this is the point, eric, they were paying 75 cents a pill during the can undercover deal. so they started out with 10,000 pills, they seized a million pills, but that s only, you know, a $7500 investment. the bad guys can sell those pills for $10, 20, 30, 100 a pill or more. so law enforcement advantages alone are not strategies alone are not good enough. we can t rely on the corrupt mexican officials anymore to save american lives, right? the fentanyl crisis needs an operation warp speed type of response. but i will say, eric, the ....
Them. the u.s. is very good about partnering up with countries around the world. but like the dea administrator recently testified, they re not providing us intel. there s corruption everywhere. look at the garcia luna conviction in new york. highest level guy in the mexican police. the fbi in mexico. so at some point we have to say enough is enough, and we have to go after the stuff hard. eric: yeah, but we ve had those, we ve had those high-level meetings, you know, there s a lot of cooperation with the dea and you re shaking your head? eric, i m talking about where s the fbi director, the k can ea administrator, homeland security going down there together? they know what needs to be done. let s see what happens after that meeting. as far as i know, that has not happened. i don t need a photo shoot with the president. that s make believe it s smoke and mirrors. we need real discussion. this is serious business. our kids are being destroyed, and and our families need help. ....
Arthel: lucas tomlinson, you ll keep an eye on it. thank you. eric? eric: well, the presidential primaries, they may still be one year away, but republican hopefuls and potential candidates are already hitting the key states. florida above ron desantis just made his first trip to iowa, one of the first states on the election calendar. former president trump plans to campaign there tomorrow and already announced nikki haley has already been out on the stump. alexandria hover deliver in washington with hoff with more on this. reporter: hey, eric. former president trump is expected to lay out new education policy, that s a subject that governor dedesantis spoke to at length during his first trip ever to the state on friday. right now the florida governor is still on the 24 the sidelines but is considered trump s leading rival. the trip alone indicates a campaign on the horizon. in two stops de. sanities promoted his new book and the florida blueprint, as he calls it. here s the gover ....