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bank making it the second largest bank failure in u.s. history. third mid size bank to go under in less than two months in the u.s. the president insists taxpayers are not going to be footing the bill for this. white house correspondent peter doocy starts us off tonight live from the north lawn. good evening, peter. peter: good evening, bret. tax day played a big role here. the treasury secretary is saying that they looked at recent federal tax receipts and realized that the u.s. is not going to have as much have enough money to pay its bills possibly as soon as june 1st. so, president biden did phone the big 4 congressional leaders they are requesting to have a meeting about this a week from tomorrow as the white house separately attempts to stabilize a shaky banking system. today s actions ensure the continued resilience of the banking system. the president had to update a script at a small business event to reassure markets about the fdic taking over first republic
JessicaLadyHuman-speciesTallahasseeSelf-careHumpback-whale-spa-dayDanaAustralia9U-s-Special-reportMammalsInterest rates did what should be expected to do. it exposed vulnerabilities in the financial sector. we always talk about that as a possible contagion. j.p. more began chase jamie dimon crisis over the fdic jp morgan announced early monday it was acquiring nearly all the deposits, most of the assets of first republic, only so many banks off sides this way dimon told analysts in a call shortly after the deal was announced there may be another small one but this pretty much resolves them all steve. bret: three banks in three months. brit: third large nest bank history yet overtaken by another one it becomes the third largest bank failure in u.s. history. it is alarming and raises questions about the underlying strength of the economy which
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