WASHINGTON, March 11 (Reuters) – U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday in regards to the Silicon Valley Financial institution failure and efforts to handle the scenario, the White Home stated after the financial institution’s collapse.
A White Home assertion stated Biden mentioned with Newsom an emergency declaration he issued on Friday to make sure California has the total help of the federal authorities because it responds to the impacts of extreme winter climate, together with flooding, landslides and mudslides.
“The President and the Governor additionally spoke about Silicon Valley Financial institution and efforts to handle the scenario,” the assertion stated with out elaborating.
Reporting by Moira Warburton and David Brunnstrom; modifying by Grant McCool
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