WASHINGTON — A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits. Yellen will be the first Biden administration official to face lawmakers over the decision to protect uninsured money at two failed regional banks, a move that some observers have criticized as a bank “bailout.” “The government took decisive and forceful actions to strengthen public confidence” in the U.S.
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FATIMA HUSSEIN / AP, Time: Business
Thu, 03/16/2023 - 4:42am
Topics: washington treasury secretary janet yellen senate finance committee americans ldquo;the santa clara california new york-based signature bank the justice department securities exchange commission thursday s president joe biden s lawmakers cbs ldquo;face nation&rdquo san francisco federal reserve this a yellen yellen committee biden silicon valley bank u.s federal reserve government depositors money weekend crisis testimony deposits week feel uninsured
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