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Former Silicon Valley Bank CEO Gregory Becker, former Signature Bank Chairman Scott Shay, and former Signature Bank President Eric Howell testify at a Senate Banking, Housing and Urban Affairs Committee hearing on "Examining the Failures of Silicon Valley Bank and Signature Bank" in the Dirksen Senate Office Building in Washington, U.S., May 16, 2023. Photo by Leah Millis/REUTERS

WATCH: Executives from failed banks face Senate questions on risk management

By Ken Sweet, Associated Press

U.S. President Biden speaks about Chinese balloon and unidentified objects during remarks at the White House in Washington

WATCH: Biden gives remarks after EPA proposes greenhouse gas emission rules for power plants

By Matthew Daly, Associated Press

U.S. President Joe Biden holds debt limit talks with Congressional leaders at the White House in Washington

WATCH: Biden says debt ceiling talk with McCarthy was ‘productive’

By Zeke Miller, Seung Min Kim, Josh Boak, Lisa Mascaro, Associated Press

Passengers wait for the resumption of flights at O'Hare International Airport

WATCH: Biden announces new rules to protect airline passengers for cancellations, delays

By David Koenig, Associated Press

White House Press Secretary Karine Jean-Pierre holds a press briefing at the White House

WATCH: White House holds news briefing as administration turns attention to AI risks

By Josh Boak, Associated Press

FILE PHOTO: Federal Reserve Chair Jerome Powell testifies at a hearing on Capitol Hill in Washington

WATCH: Federal Reserve Chair Jerome Powell speaks on latest interest rate hike

By Christopher Rugaber, Associated Press

U.S. President Biden speaks about the U.S.-Mexico border during remarks at the White House in Washington

WATCH: Biden takes jab at McCarthy over debt plan during remarks for National Small Business Week

By News Desk

U.S. Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, U.S., April 11, 2023. Photo by Elizabeth Frantz/REUTERS

WATCH: Yellen holds news conference during worrying IMF-World Bank spring meetings

By Paul Wiseman, Fatima Hussein, Associated Press

FILE PHOTO: Norfolk Southern Train rests near the University of North Carolina's energy generation plant, after delivering...

WATCH: Ohio Congressional delegation unveils legislation following Norfolk Southern derailment

By Matthew Daly, Associated Press

U.S. Treasury Secretary Janet Yellen testifies before Senate panel, on Capitol Hill in Washington

WATCH: Yellen testifies on Treasury budget in House hearing amid questions about banking system

By Associated Press

U.S. Treasury Secretary Janet Yellen testifies before Senate panel, on Capitol Hill in Washington

WATCH: Senate panel holds hearing on recent bank failures and the federal response

By Christopher Rugaber, Associated Press

TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled "TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms," as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, U.S., March 23, 2023. Photo by Evelyn Hockstein/REUTERS

WATCH: TikTok CEO grilled by skeptical lawmakers on safety, content

By Kelvin Chan, Haleluya Hadero, Farnoush Amiri, Associated Press

Federal Reserve Board Chairman Jerome Powell attends a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022. Photo by Elizabeth Frantz/REUTERS

WATCH: Federal Reserve Chair Powell gives update after raising interest rate amid banking turmoil

By Christopher Rugaber, Associated Press

U.S. Treasury Secretary Janet Yellen testifies before Senate panel, on Capitol Hill in Washington

WATCH: Yellen testifies on budget in Senate hearing amid questions about banking system

By Stan Choe, Associated Press

U.S. President Biden visits Philadelphia to deliver remarks about his budget for fiscal year 2024

WATCH: Biden hails economic progress after U.S. added 311,000 jobs in February

By Christopher Rugaber, Associated Press

U.S. Federal Reserve Chair Powell holds news conference after Fed announced quarter point interest rate hike in Washington

WATCH: Fed Chair Jerome Powell says increased rate hikes may continue if economy stays strong

By Christopher Rugaber, Associated Press

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