Biden on banking response: ‘We’ve done a pretty damn good job’ ...Middle East

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Biden on banking response: ‘We’ve done a pretty damn good job’
President Biden on Friday defended his administration’s handling of concerns about a banking crisis after the failure of two mid-sized banks, acknowledging it may take time for things to "calm down." Biden at a press conference with Prime Minister Justin Trudeau acknowledged it may take some time for the markets and the broader public to settle down after the failure of Silicon Valley Bank (SVB) and Signature Bank, but that he doesn’t see a breakdown in the system looming. “I think we’ve done a pretty damn good job,” Biden said, offering assurance that Americans’ savings are secure and the Federal Deposit Insurance Corporation (FDIC) moved to fully insure deposits above the standard

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