“I think that lifting the FDIC insurance cap is a good move,” Senator Elizabeth Warren, a Democrat, said on CBS’s “Face The Nation” program, referring to the Federal Deposit Insurance Corporation’s current $250,000 limit per depositor.
Warren declined to discuss conversations she has held with the Biden administration about such a move, but said an insurance limit hike “is one of the options that’s got to be on the table right now.”
Senator Mike Rounds, a Republican on the Senate Banking Committee, also questioned whether the $250,000 limit, which was increased from $100,000 during the 2008 financial crisis, was still appropriate.
“Perhaps that’s not enough,” Rounds told NBC’s “Meet the Press.”
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