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NJ Spotlight News | Business Report: Banking protections | Season 2023

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Silicon Valley Bank officially filed for bankruptcy protection on Friday
The video at the provided URL is a business report segment from PBS NewsHour, focusing on recent economic developments. It discusses the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing debate about the debt ceiling, with insights from both political parties on the potential economic impacts of failing to raise it. Additionally, the segment touches on the latest job market data, indicating a slowdown in hiring but still robust employment figures, and concludes with a brief analysis of how these factors might influence future economic policy decisions.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1679081087/ ]