The Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation said all depositors at the failed Silicon Valley Bank could access all their money quickly, even as another major bank was shut down.
The Treasury Secretary, who emphasized that the situation was much different from the financial crisis almost 15 years ago, said the government would help depositors who are concerned about their money.
A new atmospheric river brought heavy rain, thunderstorms and strong winds to California on Friday, raising the threat of flooding and disrupting travel.
Cheddar News' Shannon LaNier is on the scene at the the New York Botanical Gardens Annual Orchid Show, where hundreds of varieties of the distinctive flower are on display.
Hackers have broken into a Washington, D.C. health insurance marketplace and stolen sensitive personal data including Social Security numbers and home addresses of members of Congress, their employees and family members.