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  • This week in politics: Biden resists bailout tag; Helping Ukraine divides GOP; U.S. could ban TikTok

This week in politics: Biden resists bailout tag; Helping Ukraine divides GOP; U.S. could ban TikTok

Posted On : March 18, 2023 Published By : USA TODAY

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Whatever you do, don't call it a bank bailout.

Americans gripped their wallets this week when the now-shuttered Silicon Valley Bank announced they had suffered $1.8 billion in after-tax losses.

The White House worked feverishly to avoid comparisons to the financial crisis of 2008 and any mention of the b-word, as President Joe Biden defended his administration's actions to rescue depositors.

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