Treasury Sec. Yellen addresses recent turmoil in the banking sector, telling Congress that “our banking system remains sound, and Americans can feel confident that their deposits will be there when they need them.”
, Treasury Secretary Janet Yellen sought to reassure members of Congress that the U.S. financial system remains strong.
“I can reassure the members of the Committee that our banking system remains sound, and that Americans can feel confident that their deposits will be there when they need them,” she said. “This week’s actions demonstrate our resolute commitment to ensure that depositors’ savings remain safe.”, which proposes higher taxes on the wealthy to help shore up Social Security and Medicare along with increased military spending.
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