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Yellen says no federal bailout for Silicon Valley Bank

Summary by Ground News
Treasury Secretary Janet Yellen says government will not bail out Silicon Valley Bank. Yellen: Federal Deposit Insurance Corporation insures deposits up to $250,000. Many of the companies and wealthy people who used the bank had more than that. There are fears that some workers across the country won't receive their paychecks.

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Bias Distribution

  • 56% of the sources are Center
56% Center
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Star Advertiser broke the news in Honolulu, United States on Sunday, March 12, 2023.
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