President Biden Announces Plans Following the Collapse of 2 US Banks | EWTN News Nightly

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President Joe Biden insists America's banking system is safe. He announced plans to make sure account holders get their money after the collapse of 2 US banks. President Biden said, "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. We'll do whatever is needed." President Biden partly blames the Trump administration for the problem, saying earlier bank regulations were relaxed. Now, he wants Congress to restore more oversight. The president says taxpayers will not be on the hook for the bailouts but he does want to hold the bank leaders accountable. Program Director at the Independent Women's Forum, Julie Gunlock, discusses her take on the collapse of the 2 very established banks that marked the collapse of the second and third largest bank failures in US history. There are layers upon layers of federal agencies that are supposed to look out for this sort of thing as well as a system of checks and balances and best practices in every bank. Gunlock explains what she thinks went wrong here. She tells us how confident she is that the collapse of these banks are isolated events and what these events signal if anything. Gunlock shares whether she thinks there will be any fall out from all of this on the political front. She fills us in on what else she is following. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf

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