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Biden speaks with California governor about Silicon Valley Bank: White House

U.S. President Joe Biden gestures as he boards Air Drive One to depart for Washington from Maxwell Air Drive 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 concerning the Silicon Valley Financial institution failure and efforts to deal with the scenario, the White Home mentioned after the financial institution’s collapse.

A White Home assertion mentioned Biden mentioned with Newsom an emergency declaration he issued on Friday to make sure California has the total help of the federal authorities because it responds to the impacts of extreme winter climate, together with flooding, landslides and mudslides.

“The President and the Governor additionally spoke about Silicon Valley Financial institution and efforts to deal with the scenario,” the assertion mentioned with out elaborating.