SVB, Fed, Budget, and debt ceiling

Obviously DC and the entire financial world is focused on what to do about the failure of Silicon Valley Bank (SVB) on Friday and then Signature Bank on Sunday.  US officials worked over the weekend and before markets opened in Asia put together a package that protects all depositors at both banks and appears to have calmed markets.

Here is a link to the joint statement put out by Treasury, Fed and FDIC. 

There is sure to be more fallout from the bank failures and the government...

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