Santos has been denounced by some Republicans and embroiled in a flurry of investigations after admitting he lied about his biography on the campaign trail.
"Investors in the banks will not be protected," Biden said. "They knowingly took a risk and when the risk didn't pay off, the investors lose their money."
U.S. President Joe Biden, U.K. Prime Minister Rishi Sunak and Australian Prime Minister Anthony Albanese came to the agreement at a meeting in San Diego, Calif.
While Trump slammed Biden and Democrats, Florida Gov. Ron DeSantis suggested that diversity, equity and inclusion initiatives were to blame for SVB's failure.
The funds to reimburse depositors will be paid out of the Deposit Insurance Fund, which is made up of quarterly fees assessed on financial institutions.
We approach both the second anniversary of the $1.9 trillion American Rescue Plan on Saturday — and the 55th anniversary of Dr. Martin Luther King's speech.
Florida Gov. Ron DeSantis' memoir outpaces first-week sales of titles by Donald Trump, Barack Obama, Hillary Clinton, Mike Pence, Nikki Haley and Mike Pompeo.
The effort by Congress to declassify intel comes after the Energy Department concluded with "low confidence" the the virus most likely escaped from a lab.
The House Freedom Caucus demanded drastic federal budget cuts, work requirements for Medicaid and an end to "federal regulations" on domestic energy production.
Trump is accused of raping the writer E. Jean Carroll decade ago and defaming her when she went public with her allegations during his White House tenure.