Pro Unlock Service

Breaking News & Top Stories


Biden speaks with California governor about Silicon Valley Bank: White House

U.S. President Joe Biden gestures as he boards Air Drive One to depart for Washington from Maxwell Air Drive Base in Montgomery, Alabama, U.S. March 5, 2023. 

Jonathan Ernst | Reuters

U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday in regards to the Silicon Valley Financial institution failure and efforts to deal with the state of affairs, the White Home stated after the financial institution’s collapse.

A White Home assertion stated Biden mentioned with Newsom an emergency declaration he issued on Friday to make sure California has the total assist of the federal authorities because it responds to the impacts of extreme winter climate, together with flooding, landslides and mudslides.

“The President and the Governor additionally spoke about Silicon Valley Financial institution and efforts to deal with the state of affairs,” the assertion stated with out elaborating.