Live Breaking News & Updates on Market Reaction Play
Stay updated with breaking news from Market reaction play. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
hello and welcome to inside politics. i m john king in washington. thank you for sharing your very busy news day with us. call it a biden racy can you. the federal government swoops in to pay back depositors after a bank goes under. he promises 2023 will not look like 2008. the bottom line is this. americans can rest assured our banking system is safe, our deposits are safe. plus mike pence says president trump was reckless on january 6th. a big question now, whether pence repeats it when he s with gop voters in iowa, new hampshire and beyond. and president biden green lights a giant oil project in alaska. progressives are mad again. the drilling project suggests an early move to the middle with an eye on 2024. up first for us, though, a pair of bank failures and a white house emergency plan the president says will protect the economy but not at your expense. president biden speaking this morning before u.s. financial markets opened for trading and before most b ....
Their worker and pay their bills. the president green lighting a lending facility to back similar banks that might be teetering near trouble. let s begin with phil mattingly. reporter: the president s words this morning were deliberate and very intentional. an effort to provide assurance to americans who are anxious over the course of the last several days. administration officials are keenly aware they have to balance. when you talk to officials involved in the sprint the last several days, they made clear they moved very quickly and dramatically to try to nip this in the bud before it started to expand. this is interesting in the sense this is not the type of bank that you would traditionally think an silicon valley bank would be one of the systemic banks that threatens the entire industry. and yet as officials watched the market reaction play out over the course of several days, listened to what they were hearing from investors, people ....