Biden says US 'banking system is safe' day after government steps in on two bank failures

This morning, President Joe Biden attempted to reassure Americans days after the government seized control of two major U.S. banks. During his remarks, Biden stated: "I'm going to ask 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. Look, the bottom line is this Americans can rest assured that our banking system is safe, your deposits are safe. Let me also assure you we will not stop at this will do whatever is needed."