People line up outside the closed Silicon Valley Bank (SVB) headquarters in Santa Clara, California, on 10 March 2023. Photo: AFP / Getty Images
Ron talks to Kathryn about the Silicon Valley Bank faiure and whether there are more banks in jeopardy.
Federal regulators in Washington and Joe Biden say all depositors will be made whole.
Ron says this is one of several rather bold strokes coming from the President in recent days.
Another was a call for higher taxes to the tune of trillions of dollars over 10 years directed at making wealthier taxpayers pay more and the third, was a decision to back an enormous oil drilling project in northern Alaska while opposing several other smaller energy projects in that region.
Meanwhile, the legal drama around former President Trump continues this week. many in Washington are concerned that the health of several senators may be keeping that chamber from operating at full strength.
Ron Elving is a Senior Editor and Correspondent, Washington Desk for NPR news
