U.S._ Rep. Steil to Newsmax: Biden Policies Played Role in Bank Closures

NEWSMAX

Rep. Steil to Newsmax: Biden Policies Played Role in Bank Closures

By Sandy Fitzgerald | Tuesday, 14 March 2023 03:00 PM EDT


The collapses of Silicon Valley Bank and Signature Bank over the weekend may have come as the result of a "series of unique circumstances," but Congress must investigate what went wrong, particularly when it comes to the policies of President Joe Biden's administration, Rep. Bryan Steil told Newsmax on Tuesday.

"I hope that we, as members of Congress, come together and recognize that one of the key culprits here is inflation and this administration's inability and unwillingness to address the root causes, particularly to rein in the reckless spending that we've seen continue to come out of the Biden administration," the Wisconsin Republican commented on Newsmax's "National Report."

That includes stopping the administration's "war on energy" and rewriting the nation's labor policies to help workers who remain on the sidelines after the COVID pandemic, Steil said.

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READ MORE: https://www.newsmax.com/newsmax-tv/bryan-steil-bank-closures-biden-administration/2023/03/14/id/1112190/

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