House conservatives voice opposition to any increased guarantees on bank deposits ...Middle East

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House conservatives voice opposition to any increased guarantees on bank deposits
The House Freedom Caucus voiced their disapproval on Monday to any increased guarantees on bank deposits, a proposal that has gained traction in recent weeks since the collapse of two major U.S. banks. Members of the House Freedom Caucus released a statement Monday stating their concerns of "big government bailouts" regarding banks. The caucus, which includes conservative GOP members such as Reps. Lauren Boebert (Colo.) and Scott Perry (Pa.), said in their statement that the banking failure was caused by regulators, not regulations, and that they will oppose increasing Federal Deposit Insurance Corporation's (FDIC) guarantee of bank deposits, which is currently capped at $250,000. "

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