93-3-3-WMR Audio on Demand presents the Preston and Steve show podcast.

And now, Preston and Steve's news update with Kathy Romano.

Hi, today is Tuesday, the 14th of March pie day.

Good morning, Kathy.

Good morning in the news this morning.

A minivan crashed into the front doors of the Philadelphia Police Department headquarters on Tuesday morning. It happened at 445 at the building on Broad Street. The vehicle crashed into the front of the building but did not go inside the lobby. The man driving the minivan could be heard, they're killing me. They're killing me as police officers dragged him out of the vehicle.

He was taken into police headquarters for questioning,

but was then seen getting into a patrol car.

Officers taped off the area and secured the front lobby.

It's not clear if the crash was intentional

and no injuries were reported from inside of the building.

But yeah, car went right into police police headquarters this morning.

President Joe Biden addressed the safety of our economy on Monday, hoping to ease concerns about

the nation's banking system after two banks collapsed in one week. The collapse of Silicon Valley Bank,

SVB, was the second biggest bank failure in U.S. history. Federal regulators have taken control of SVB as well as signature bank, which regulators shut down on Sunday. The headline is there's no need to panic. Americans can have confidence that their banking system is safe. Your deposits will be there when you need them, Biden said. The federal government took over SVB and signature bank and took an extraordinary step of

guaranteeing customers will have access to all of their deposit, even those above the FDIC insured

limit. Each account is insured up to $250,000. So, Preston, we're at advantage because we can

deflate the bladder in our sleep number beds and put the money in there. In there. There's more room.

Should you need it? In case we need it, depending on our financial situations. Who knew the bed was good for like all of them? It is a wonderful bank as well. The feds say its response to the failure does not amount to a bailout. Meantime money experts say this is a good wake-up call for consumers. There is absolutely one thing that people should be doing right now,

and that is make sure that their deposit accounts are backed by the federal insurance funds,

whether it's in a bank and a savings in loan or a credit union, said Mark Hamrick of bank rate.

FDIC insurance covers things like checking in savings accounts and certificates of deposit.

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