All eyes will be on Treasury Secretary Janet Yellen today as she
testifies before the Senate Finance Committee at 10 a.m.. 

Yellen’s appearance was originally scheduled to discuss the Biden
budget. But after the weekend rescue of Silicon Valley Bank, this will
be senators’ first chance to cross-examine Yellen about the
controversial actions she took on Sunday in concert with her colleagues
at the Fed and FDIC.

Not everything will be about SVB, but the Biden team’s response to the
bank failures will dominate the meeting. And she is likely to feel the
populist outrage bubbling up in Congress from both Democrats and
Republicans. 

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Raghu Manavalan is the host and senior editor of POLITICO's Playbook
Daily Briefing.
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