During an interview with CBS News on Tuesday, Moody’s Analytics Chief Economist Mark Zandi stated that the problems in the banking industry are the inevitable result of rate hikes by the Federal Reserve where “things are going to start to wobble and break and it’s going to feel uncomfortable.”
"We need to get to the bottom of COVID-19's origins to help ensure we can better prevent future pandemics," Biden said in the statement. "I directed the Intelligence Community to use every tool at its disposal to investigate the origin of COVID-19, and that work is ongoing."
President Biden on Monday vetoed his first bill — blocking a Republican-led effort to restrict pension funds from making investment decisions based on factors such as climate change.
Federal regulators will testify before the House Financial Services Committee on March 29 about the Silicon Valley Bank (SVB) and Signature Bank collapses, according to a press release.