Federal government step in as two US banks fail

The Federal government is stepping in to calm financial panic over the failure of two US banks. Regulators announcing that everyone that had money with Silicon Valley Bank and Signature bank will have access to all their money, no matter how much they had. President Biden is going to address the nation about it. Plus, Oscar night has been huge success for film ‘Everything Everywhere All at Once’ who took 7 of the 11 categories it was nominated for. And, North Korea launch a missile test from a submarine as South Korea and the US begin joint military exercises.

Also this morning: Michael Cohen set to testify today in a case that could lead to criminal charges against former US President Donald Trump, March Madness is upon us, CNN Film Nalvalny wins Best Feature Documentary at the Oscars, Pence on January 6th attack: “I know that history will hold Donald Trump accountable.” To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices