International

“US Taxpayers Will Not Be Responsible For Losses From Failed Bank”: Joe Biden

Biden

Taxpayers of the United States will not be on the hook for the rescue of depositors at the failed SVB bank, President Joe Biden said Monday, telling Americans that the crisis was under control.

“While the government is ensuring that SVB depositors get their money back, “no losses will be borne by the taxpayers,” he said. “The money will come from the fees that banks pay into the deposit insurance.” The POTUS added.

Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
Some error occurred

Related posts

HW Shorts APP National News

Manipur: Security Increased Following Attack On Trucks

Zaina Afzal Kutty

Security was increased in Manipur after armed attackers targeted a truck convoy on the Imphal – Jiribam Highway. The attack occurred near Shanti Khunou and Kaimai, injuring truck driver Tularam Magar. The Manipur government has been using the less-travelled NH-37 due to ethnic violence. An investigation is ongoing.

Related posts