Yellen seeks to reassure US legislators after bank collapse
United States Treasury Secretary Janet Yellen has sought to reassure legislators – and US citizens – that the country’s banking system remains “sound” in the wake of the second largest bank collapse in its history. Yellen on Thursday became the first official from President Joe Biden’s administration to face legislators over the decision to protect uninsured money at two failed regional banks, part of a series of actions Washington has maintained does not constitute a bailout. Subscribe to our channel: http://bit.ly/AJSubscribe
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