Treasury Secretary Janet Yellen said Sunday they won't be bailing out SVB, but did say they were very concerned about those with money in the bank. The statement said clients will have access to all their money starting Monday and that no losses associated with the resolution will be borne by the taxpayer. A similar resolution was approved for New York based bank signature bank, which was closed on Sunday in the wake of all this chaos. President Biden unveiled his proposed 2024 budget on Thursday, providing a first look at his administration's priorities for the coming year.
Silicon Valley Bank collapses, President Biden’s budget proposal, and lawsuits filed against FBI for lack of transparency. Get the facts first with Morning Wire.
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