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top of the hour this monday, big day for banks. >> i'm erica hill, and the president is speaking to americans with a calm an reassuring tone on the heels of two failing banks over the weekend, and sparking concerns about whether it could lead to more. his message with the american banking system is safe. >> all customers who had deposits in these bans ks can rt assured they will be protected and access to their money today. that means that those who bank there and need to make payroll and pay bills and stay open for business, and this is an important point, no losses will be borne by...

hello and welcome to "inside politics." i'm john king in washington. thank you for sharing your very busy news day with us. call it a biden racy can you. the federal government swoops in to pay back depositors after a bank goes under. he promises 2023 will not look like 2008. >> the bottom line is this. americans can rest assured our banking system is safe, our deposits are safe. plus mike pence says president trump was reckless on january 6th. a big question now, whether pence repeats it when he's with gop voters in iowa, new hampshire and beyond. and president biden green light...

hello, everyone. welcome to "cnn newsroom." >> and i'm john berman. victor is off this froop. and we begin with president biden's dramatic overnight move to dparnguarantee the money is e bank. this comes after the failure of two banks. today the president announced regulators are taking them over, but unlike what was seen in 2008 the u.s. will cover only bank customers not bank investors. >> all customers who had deposits in these banks can rest assured that we protect it, and they'll have access to their money as of today. that includes small businesses across the country that bank ...

silicon valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there's no need for the public to worry, that their money is safe and the economy will not suffer. >> america can have confidence that the banking system is safe. your deposits will be there when you need them. every american shoul...

we'll leave that at that. before announcing sentence on these cases with regard to all of the other pending cases, are any of them here in kco collite? >> i believe some of them are, and have been in buford and other places. >> we may have worn out our welcome here. and i will thank all of the sheriff's office, and i know that mr. harpootlian has sacrificed many, many things, and to have the attorney general here, mr. alan wilson, to be here along with everyone else, it has been quite a sacrifice, but there are other victims whose cases deserve to be heard. and this case has jumped s...