Treasury Secretary Yellen says banking system ‘remains sound’

Treasury Secretary Janet Yellen offered reassurances about the U.S. banking system during a Capitol hearing today.

• VIDEO COURTESY AP

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  ASSOCIATED PRESS

  Treasury Secretary Janet Yellen arrives in the Dirksen Senate Office Building, Thursday, March 16, on Capitol Hill in Washington.
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  ASSOCIATED PRESS

  Treasury Secretary Janet Yellen arrives to testify to the Senate Finance committee about the President's proposed budget request for the fiscal year 2024, Thursday, March 16, on Capitol Hill in Washington.
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  ASSOCIATED PRESS

  Treasury Secretary Janet Yellen listens to opening remarks before testifying before the Senate Finance Committee about the President's proposed budget request for the fiscal year 2024, Thursday, March 16, on Capitol Hill in Washington.
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  ASSOCIATED PRESS

  A television screen displaying financial news including the stock price of First Republic Bank is seen inside one of the bank's branches in the Financial District of Manhattan, Thursday, March 16. First Republic received an emergency infusion of $30 billion in deposits from 11 banks today.
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  ASSOCIATED PRESS

  Treasury Secretary Janet Yellen testifies before the Senate Finance Committee about the President's proposed budget request for the fiscal year 2024, Thursday, March 16, on Capitol Hill in Washington.
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  ASSOCIATED PRESS

  Treasury Secretary Janet Yellen testifies before the Senate Finance Committee about President Joe Biden's proposed budget request for the fiscal year 2024, Thursday, March 16, on Capitol Hill in Washington.
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  ASSOCIATED PRESS

  The First Republic Bank logo is seen at Chinatown branch of the bank, Thursday, March 16, in New York.
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  ASSOCIATED PRESS

  Treasury Secretary Janet Yellen testifies before the Senate Finance Committee about President Joe Biden's proposed budget request for the fiscal year 2024, Thursday, March 16, on Capitol Hill in Washington.
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  ASSOCIATED PRESS

  Treasury Secretary Janet Yellen testifies before the Senate Finance Committee about President Joe Biden's proposed budget request for the fiscal year 2024, Thursday, March 16, on Capitol Hill in Washington.