Yellen to tell Congress banking system "remains sound," days after 2 banks collapse
CBSN
Treasury Secretary Janet Yellen will try to reassure Congress that despite the collapse of two banks in the last several days and ongoing consumer jitters about the state of the financial services sector, the nation's banking system nonetheless remains strong.
In testimony before the Senate Finance Committee Thursday, Yellen is expected to tout the government's "decisive and forceful actions to strengthen public confidence in our banking system," according to her prepared opening remarks.
She'll also note the Treasury Department's work with the Federal Reserve and FDIC to protect all depositors.
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