trying to ease fears.

Simley, Silicera, Fox News,

President Biden says he's taking action

after two big bank failures

over the past several days.

I've asked Congress and the banking regulators

to strengthen the rules for banks

to make it less likely

this kind of bank failure would happen again

and to protect American jobs and small businesses.

The FDIC has taken over Silicon Valley bank

and signature bank after they couldn't pay depositors.

The president promised that a positive will

get their money.

This afternoon, the president

met with the leaders of Australia

and the United Kingdom solidifying

a defense partnership at Naval Base Point Loma in San Diego.

The president charted the path forward

in the August partnerships first project

to provide nuclear submarines to the Australians.

He wanted to be clear.

...