Biden Goes Quiet on Banking Crisis, Calls on Congress to Act
- White House has tried to shift attention from banks this week
- Aim is to project calm, avoid calls for executive action
This article is for subscribers only.
As the global banking crisis stretches into its third week, President Joe Biden has turned to a familiar playbook — lay low and point the finger at Congress.
Publicly, aides and top White House officials say lawmakers have a responsibility to intervene. Unprecedented executive actions are being discussed behind closed doors, but Biden’s spokespeople are refusing to detail those deliberations while warning of the legal and practical obstacles to unilateral moves.