Special Report: Biden Responds to Banking Concerns After Silicon Valley Bank and Signature Bank Collapse

President Biden addressed the nation on Monday about the government’s response to the failed Silicon Valley Bank in California and Signature Bank in New York. He said the global banking system would remain stable and taxpayers would not bear the cost. Tony Dokupil has reporting and analysis from Weijia Jiang at the White House, Errol Barnett outside the Silicon Valley bank’s headquarters in Santa Clara, and business analyst Jill Schlesinger in a special CBS News report.