Biden says US banking system 'safe' as regulators seek to avoid contagion
From the Michigan dog rescued after falling into icy reservoir, and more of today's top videos series
President Joe Biden sought to reassure Americans over the country's banking system Monday, while insisting emergency measures would not be paid for by taxpayers as additional banks came under stress. SVB -- a key lender to startups across the United States since the 1980s -- collapsed after a sudden run on deposits, prompting regulators to seize control Friday.
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President Joe Biden is confronting a significant challenge as his administration grapples with the fallout from the second- and third-largest bank failures in history. The Democratic president is doing so amid significant stakes for both the U.S. economy and his political future.Â
Watch a dog in Michigan get rescued by firefighters after falling 10 feet into a reservoir, …
