“I can reassure the members of the committee that our banking system is sound and that Americans can feel confident that their deposits will be there when they need them,” Treasury Sec. Yellen testifies before Congress after two bank failures.
1:26
"I can reassure the members of the committee that our banking system remains sound, and that Americans can feel confident that their deposits will be there when they need them," she said. "This week's actions demonstrate our resolute commitment to ensure that depositors' savings remain safe.
That included guaranteeing the protection of all Silicon Valley Bank and Signature Bank deposits, which many Republicans have slammed as a prioritization of the rich.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury Secretary Yellen testifies banking system 'remains sound'Treasury Secretary Janet Yellen tells Congress the U.S. banking system 'remains sound' after two bank failures stirred economic fears.
Read more »
WATCH LIVE: Treasury Secretary Yellen to testify in front of finance committeeTreasury Secretary Janet Yellen is set to testify in front of the Senate Finance Committee on the president's 2024 budget.
Read more »
Yellen to tell Congress US banking system 'remains sound'Treasury Secretary Janet Yellen says the U.S. banking system remains sound
Read more »
Yellen to tell Congress US banking system 'remains sound'A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation's banking system “remains sound” and Americans can feel “confident” about their deposits.
Read more »
Treasury boss Yellen to say US banking system ‘remains sound’ on Capitol HillTreasury Sec. Yellen to say US banking system ‘remains sound’ on Capitol Hill
Read more »
Treasury’s Yellen: U.S. banking system ‘remains sound’Treasury Sec. Yellen addresses recent turmoil in the banking sector, telling Congress that “our banking system remains sound, and Americans can feel confident that their deposits will be there when they need them.”
Read more »