Janet Yellen assures Congress of soundness of US banking system despite recent failures.
TL;DR Summary
US Treasury Secretary Janet Yellen is expected to reassure the public that the country's banking system "remains sound" despite recent bank failures. Yellen is set to testify before the Senate Banking Committee on Tuesday, where she will likely face questions about the state of the banking industry. Despite the recent failures of small banks, Yellen is expected to emphasize the overall strength and stability of the US banking system.
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