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CNN CNN Newsroom With Fredricka Whitfield July 6, 2024

that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? >> it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing banks assets, which means its unrealized bonds were worthl...
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CNN CNN Newsroom With Fredricka Whitfield June 4, 2024 18:11:00

Billions of dollars in california for flood control. with changing climate, we see that the rain season is more extreme and more compressed. so in many ways, the infrastructure we have now was built for the 20th century, but were in a new world here in the 21st century. so were going to have to rethink how we handle these great storms. >> do you see more extreme weather like this beyond this going into next week? >> well, you know, this is near record breaking. let me emphasize that california h...
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