U.S. government steps in to assure customers of failed banks

The Biden administration is stepping in to assure customers their money is safe after the collapse of Silicon Valley Bank and the government’s shuttering of New York’s Signature Bank. Is there a chance of more bank runs? House Oversight and Reform Committee member Rep. Katie Porter joins this special edition of OutFront to share her insight. And, Ukrainian troops face close quarter combat as Russian forces close in on Bakhmut. Also, former president Donald Trump does not plan to testify in a New York grand jury investigation into his alleged role in a scheme to pay hush money to adult film star Stormy Daniels.

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