U.S. President Joe Biden spoke with California Governor Gavin
Newsom on Saturday about the Silicon Valley Bank failure and
efforts to address the situation, the White House said after the
bank’s collapse, Trend reports citing Shore News
Network.
A White House statement said Biden discussed with Newsom an
emergency declaration he issued on Friday to ensure California has
the full support of the federal government as it responds to the
impacts of severe winter weather, including flooding, landslides
and mudslides.
“The President and the Governor also spoke about Silicon Valley
Bank and efforts to address the situation,” the statement said
without elaborating.