Morning news brief
February inflation data will be released. The federal government's move to cover depositors at two failed banks triggers debate. President Biden approves the Willow oil drilling project in Alaska.
Economy
Customer deposits of more than $250,000 at 2 failed banks will be guaranteed
The federal government's decision to rescue customer deposits in two failed banks raises questions about exceeding the cap for what's normally insured by the FDIC.
Residents near Ohio train derailment find it nearly impossible to sell their home
The Norfolk Southern train derailment and the release of toxic chemicals that followed has hurt the housing market in East Palestine, Ohio.
Exploring the many reasons why car prices remain high
Why are car prices still so much higher than they were before the pandemic? The average cost of a new vehicle tops $48,000.
What to know about the Silicon Valley Bank collapse, takeover and fallout
President Biden urged calm as markets roiled over the collapse of Silicon Valley Bank. After the FDIC takeover, customers of the bank have full access to their deposits.
The FDIC insurance limit was last raised in 2008. Here's how it works
The FDIC exists to help the banking system cope with exactly the type of crisis we're now seeing: When it was created in 1933, some 4,000 banks had closed in the first few months alone.
Bank stocks continued to fall Monday despite President Biden's assurances
Despite President Biden's efforts to reassure markets and the government's backstop of customers' deposits, Wall Street remains worried about the risk of contagion.
With their bank collapsed, a tech startup struggles to make — and receive — payments
Kamal Kapadia's tech startup had all of its money in Silicon Valley Bank. They're still trying to access their funds, days after it collapsed.
Silicon Valley Bank's fall shows how tech can push a financial panic into hyperdrive
Bank runs, by their very nature, happen fast. But in an age of instant communication, social media and money transfers at the touch of a button, they can now happen in the blink of an eye.
Former Congressman Barney Frank on Silicon Valley Bank collapse
NPR's Juana summers talks with former Congressman Barney Frank about the collapse of Silicon Valley Bank and Signature Bank and the Dodd-Frank rollback of 2018.