Mar 13 Watch 11:30 Government takes steps to shore up confidence after collapse of two banks sparks fears By Paul Solman, Diane Lincoln Estes, Geoff Bennett, Saher Khan, Shoshana Dubnow Regional banks took a beating and suffered their deepest losses in years on the stock market Monday. It came after the government's top financial authorities spent the weekend taking action to shore up confidence around the system after the failure… Continue watching
Mar 13 Watch 4:05 News Wrap: Winter storms bearing down on both U.S. coasts In our news wrap Monday, new winter storms are bearing down on both coasts, the U.S. and South Korea launched their biggest joint military drills in years provoking furious protests from North Korea, Australia will buy as many as five… Continue watching
Mar 13 What is the controversy behind the Alaska Willow oil project? By Becky Bohrer, Matthew Brown, Matthew Daly, Associated Press Supporters say a major oil project President Joe Biden is approving on Alaska's petroleum-rich North Slope represents an economic lifeline for Indigenous communities while environmentalists say it runs counter to his climate goals. Continue reading
Mar 13 What to know about the Silicon Valley Bank collapse By Christopher Rugaber, Ken Sweet, Associated Press Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks… Continue reading
Mar 13 Analysis: What Silicon Valley Bank collapse means for the U.S. financial system By William Chittenden, The Conversation SVB, as the bank is known, collapsed with lightning speed following a run on its deposits. Continue reading
Mar 13 Stocks fall and Wall Street fearful after SVB failure followed by second bank By Stan Choe, Associated Press Investors are worried that a relentless rise in interest rates meant to get inflation under control have hit a tipping point and may be cracking the banking system and broader economy. Continue reading
Mar 12 Federal government moves urgently to avert potential banking crisis By Ken Sweet, Christopher Rugaber, Chris Megerian, Cathy Bussewitz, Associated Press The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly. Continue reading
Mar 12 Watch 8:15 Sen. Jon Tester on looming battles over debt, immigration in Congress By Lisa Desjardins, Kaisha Young As battle lines are being drawn for the 2024 presidential election, critical junctures are fast approaching in Congress on spending, the national debt, immigration policy and the military. Montana’s Democratic Sen. Jon Tester joins Lisa Desjardins to discuss some of… Continue watching
Mar 12 Yellen says there will be no bailout for collapsed Silicon Valley Bank By Chris Megerian, Associated Press Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. Continue reading
Mar 11 Silicon Valley Bank's failure shakes companies worldwide, from wine country to London By Stan Choe, Bobby Caina Calvan, Associated Press It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. Continue reading