CNN CNN This Morning July 6, 2024
the federal government is now stepping in to calm financial panic over the failure of two u.s. banks. >> the biden administration announcing it will extend a federal backstop to all the banks deposits. >> treasury officials push back on the idea this was a bailout saying the burden is not borne by the taxpayers. >> we'll hear from president biden moments from now. >> water everywhere, causing chaos across central california. >> warnings of intense sustained flooding in the days ahead. >> it's unimaginable. >> folks, we are not done yet. >> former vice president mike pence telling a c...