President Joe Biden will make a rare morning address, speaking to the American people at 9:00 AM ET to discuss the administration’s response to the collapse of Silicon Valley Bank, the second-largest bank failure in the nation’s history.
The White House says the President will deliver “remarks in the Roosevelt Room on maintaining a resilient banking system and protecting our historic economic recovery.”
Overnight, President Biden previewed his remarks, saying: “I’m firmly committed to holding those responsible for this mess fully accountable and to continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again.”
“The American people and American businesses can have confidence that their bank deposits will be there when they need them,” he added.
Watch below or at this link.