Watch CBS News

Government weighs next steps after banks fail

The collapse of Silicon Valley Bank in California and Signature Bank in New York sparked fears of a nationwide banking crisis, but the federal government says depositors will not lose their funds and President Biden offered assurances the system is sound. CBS News chief Washington correspondent Major Garrett joins "Red and Blue" to discuss the political impact of the two bank failures.
Mar 13, 2023 (06:03)
Videos
View CBS News In
CBS News App Open
Chrome Safari Continue