any moment now, president biden will address the nation from that podium right there amid concerning questions about potential contagion in the u.s. banking sector. what does that mean for your money? a very good monday morning to you. i m jim sciutto. and i m erica hill. president biden expected to try to calm fears in a matter of moments when he does make his way to that podium, this amid the failure of two u.s. banks. we re talking about silicon valley bank, which you ve heard a lot of this weekend, as well as signature bank. the biden administration is taking emergency action here and there is the president. let s listen in. for california. i want to briefly speak about what s happening to silicon valley bank and signature bank. today, thanks to the quick action of my administration over the past few days, americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit ac
oversight. more than 100 million administered doses of the covid vaccine. this just in, another mayor development. new calls for the new york governor andrew cuomo to resign. both new york democratic senator, the majority leader chuck schumer and kirsten gillibrand saying cuomo should step down after multiple allegations of sexual harassment. let s begin our coverage at the white house. jeff is joining us. the president earlier today, he was cautiously optimistic during his address over in the white house rose garden. what else can you tell us? reporter: cautiously optimistic but optimistic in deed given the last year that america has endured. president biden says he believes this 1.9 trillion dollar bill is historic in transformational for millions of american families. he said the first signs of the stimulus checks will begin arriving in the bank accounts of americans this weekend. even as he says he still has work to do to sell this bill to rest of the country. help is