The briefing will be led by House Financial Services Chair Patrick McHenry and members of his committee, multiple sources confirmed to Fox News Digital
President Biden walked away from his podium and the press at the White House after his brief statement on the recent collapse of two major U.S. banks on Monday.: House Republicans will hold a call with members Monday evening to discuss the Biden administration’s response to theThe briefing call is being convened by Speaker Kevin McCarthy and House GOP leadership at 8 p.m. EST, according to an invitation viewed by Fox News Digital.
WASHINGTON, DC - MARCH 10: U.S. Speaker of the House Kevin McCarthy speaks at a bill signing ceremony for H.J. Res. 26 at the U.S. Capitol Building on March 10, 2023Fox News Digital reached out to McCarthy and McHenry’s offices for comment but did not immediately hear back. That was before federal regulators announced that they were stepping in to ensure all of SVB’s depositors would get their money back, despite Federal Deposit Insurance Corporation dictating that cash in the bank is only insured up to $250,000.
Biden officials said in a statement that"no losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer," and that the money would come from fees already collected by banks.
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