Citigroup CEO: The last thing America needs is a debt ceiling crisis.

Citigroup CEO: Not raising the debt ceiling could have very serious consequences.

Citigroup CEO: Everyone needs to pay attention to consumers with low credit ratings.

Citigroup CEO: We are still a long way from a normal credit loss rate.

Citigroup CEO: Any (possible) U.S. recession should be relatively manageable.

Citigroup CEO: Consumers with lower credit scores will feel more pain

Citigroup CEO: The macroeconomic backdrop may not improve in the second half of 2023.

Citigroup CEO: M&A and capital markets are not expected to recover in the second half of 2023.

Citigroup CEO: The US financial system is very strong.

Citigroup CEO: The purpose of the $30 billion deposit is to give First Republic more time.

The Fed accepted a total of $2.24 trillion from 103 counterparties in fixed-rate reverse repurchase operations.

U.S. President Joe Biden: Debt defaults will lead to higher interest rates and send mortgage rates skyrocketing.

Rep. Waters, Democrat of the US Congress: House committees should ask CEOs of bankrupt banks to come forward for hearings.

Market news: U.S. environmental groups sued the Federal Aviation Administration, questioning its authorization of SpaceX to obtain a rocket launch license in southern Texas.

U.S. President Joe Biden: The action on the First Republic Bank has ensured the safety of the banking system.

U.S. President Joe Biden: We have to make sure the Republican threat to a U.S. default is off the table.

US President Joe Biden: We are well on our way to stabilizing the banking system.

US President Joe Biden: America is not a country that will default on its debts.

US President Biden: The option of defaulting on the national debt is not on the negotiating table.

U.S. President Joe Biden has called on Congress to give bank regulators (the ones that oversee banks) tools.