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candidates running for congress is shocking, all we expected, not at all what republicans on capitol hill are saying. more evidence there is a disconnect between republicans in washington and everyone else. it has been 15 years since the global financial crisis since 2018, a long time but it hadn't gone away. consequences still define our world. why is u.s. government so deeply in-depth. how did wall street get so much money. why are housing prices so high? leaders stoke racial conflict. why so many americans conclude the system is so rigged. the answer to those questions the same, i...

race for the white house coming in. >> bottom line. >> business as usual. >> all transactions are fully functional. thank you all. >> sandra: we begin with president biden today scrambling to restore confidence in america's banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. >> john: it seems like every week there is something new. i'm john roberts in washington. this is "america reports." the ...

---what happened friday when silicon valley bank fell. svb, a top choice for tech start-ups, with more than $2 hundred billion in assets at the time. that makes it the second largest bank failure in american history behind the washington mutual meltdown in 2008. we had a great recession then. the president now keeps saying we're not headed for a recession. a host of companies affected include household names like etsy and fit bit. all deposits at the failed bank will be available today. investors knew the risk and should not be protected. yes, the fdic is up to $250,000. if you inves...

crisis that we've seen this kind of stunning bank collapse. that's why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. >> no losses -- this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. >> martha: is that accurate? let's bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. no...

next question at white house correspondent peter doocy is traveling with the president. good evening, peter. >> good evening, president biden helping to prevent a run on the banks by signaling to consumers that wealthy banking negatives are out of luck but every day folks with money in bank accounts can be guaranteed their money is safe. they are very careful to avoid using the b-word, bailout. >> see you in california. >> the plan to talk about training sailors to work out of a new joint nuclear sub base in australia to counter threats in the indo-pacific. >> these subs indo-pacific...