Biden Assuring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

♪ ♪ it's 10:00 a.m i'm lindsey reiser at msnbc headquarters in new york we're following a lot of breaking news on this busy monday morning, including president biden assuring the country our financial system is safe amid heightened fears of a banking crisis after the collapse of both silicon valley bank and new york-based signature bank >> americans can rest assured that our banking system is safe. your deposits are safe let me also assure you we will not stop at this we'll do whatever is needed. >> the government is taking extraordinary new steps to ensure customers will have ...

>> reporter: other search warrants show what police did seize in pennsylvania, including a gun and knife, black face masks and gloves, cell phone, multiple laptops and a book with underlining on page 118. investigators san jose they found a shovel in coal berger's hyundai elantra. the latest documents, the judge ordered them to stay sealed and redacted, saying they contain highly intimate facts or statements or information that might threaten the safety or endanger the life or safety of individuals. experts say that is likely to protect the prosecution's case, possibly preventing a possible ju...

Bank investors you heard him talk about the guarantee that none of the money that will be used will come from taxpayers themselves listen to a piece of that here >> no losses will be borne by the taxpayers. instead, the money will come from the fees the banks pay into the deposit insurance fund because of the actions our regulators have already taken, every american should feel confident their deposits will be there if and when they need them. >> reporter: you also heard him talk about the need for more accountability he's saying these bank managers will be held responsible he called for more ...

Term this speech today all in all was an effort to speak directly to the american people to ease their fears, the president hoping that's enough to prevent this from snow balling into further of a crisis. >> robin, the president was just asked how do we know, are you confident other banks won't fail he didn't answer go ahead and pick up that baton in terms of what we can see in the near future. if you could, give us a quick explainer on how taxpayer money won't be at risk here. even if that money that shores up these deposits is used in this fund that banks pay into, how do we know people won'...

Australia, he spoke to how important he finds this, how much he wants to assure the american people. he says small businesses and employees will be protected. what kind of message is he trying to send >> the president certainly knows there's only so much the government can do to control this systematically, but he knows that what the government can't have a full control of is how people are going to react to this socially and emotionally. you saw that speech cater to directly that, to talk to the american people directly, to ease their fears and give them the confidence that he says that the a...