Ted Cruz Demands Answers From SF Fed on SVB

The transcript covers a discussion on the collapse of Silicon Valley Bank (SVB) and the role of the San Francisco Federal Reserve in failing to prevent it. It highlights the need for oversight and bipartisan legislative efforts to hold banks accountable. The conversation also touches on the Federal Reserve's upcoming internal review, the bailout of SVB customers, and concerns about the impact on community banks. Additionally, the transcript delves into the debt ceiling debate, emphasizing the need for fiscal reforms and criticizing the Biden administration's spending policies. Finally, it addresses Senator Ted Cruz's political stance and reelection plans.

What was the senator's view on the Biden administration's handling of the debt ceiling?

How did the senator describe the national debt increase during the presidencies of George W. Bush and Barack Obama?

What does the senator believe should be used as leverage for fiscal reforms?