Tens of thousands of people have been displaced by heavy rains that triggered floods and mudslides in southern Africa. The death toll is expected to rise.

Democratic Sen. Elizabeth Warren of Massachusetts criticizes a bill that was passed in 2018. Senate Republicans say the recent measures to address the collapse amount to a "back door tax increase."

Large outages are reported in New Hampshire, New York, Vermont and Massachusetts. The storm is dropping massive amounts of snow less than a week before the first day of spring.

Some say the decision to guarantee deposits beyond the typical $250,000 limit was necessary to keep the financial system stable. Others argue this sets a bad precedent if other banks run into trouble.