Sen. Elizabeth Warren (D-Mass.) said during an interview on Sunday that Congress should lift the cap on federal insurance on bank deposits from $250,000, as lawmakers mull policy changes in the aftermath of the historic collapse of Silicon Valley Bank. “I think that lifting the FDIC insurance cap is a good move,” Warren said on CBS’s “Face The Nation,” referring to the Federal Deposit Insurance Corporation. “Now the question is, where’s the right number on lifting? "Is it $2 million? Is it $5 million? Is it $10 million?” The FDIC currently insures deposits of up to $250,000 for each customer, a level that is now being called into question after the federal government decided to
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