U.S. President Joe Biden gestures as he boards Air Power 1 to depart for Washington from Maxwell Air Pressure Base in Montgomery, Alabama, U.S. March 5, 2023.
Jonathan Ernst | Reuters
U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank failure and initiatives to deal with the situation, the White Household explained immediately after the bank’s collapse.
A White Residence assertion stated Biden mentioned with Newsom an crisis declaration he issued on Friday to ensure California has the entire help of the federal federal government as it responds to the impacts of serious winter season weather conditions, including flooding, landslides and mudslides.
“The President and the Governor also spoke about Silicon Valley Bank and endeavours to address the situation,” the assertion explained without elaborating.