Biden skirts bank bailout backlash

“Bailout” is a dirty word in politics. But Democrats are starting to argue that the government’s recent intervention to avert a financial collapse might not be so bad for President Joe Biden — and it might even make for good messaging.

Initial polling suggests that a majority of voters support how Biden and regulators responded to the failures of Silicon Valley Bank and Signature Bank by guaranteeing their depositors, even if they see it as a bailout. White House officials believe the public is behind them for now.