“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.Asked what the new, higher level should be, Warren, a member of the Senate Banking Committee, said: “This is a question we’ve got to work through. Is it $2 million, is it $5 million? Is it $10 million? Small businesses need to be able to count on getting their money to make payroll, to pay the utility bills.”

Senator Elizabeth Warren said Tuesday she doesn’t think multibillion-dollar banks should get an increase in federal insurance without tighter regulation.“You bet I’d tie them together,” the Massachusetts Democrat told reporters at the Capitol.She warned against simply giving bankers two years of unlimited Federal Deposit Insurance Corporation protection without tougher restrictions in the wake of the failures of Silicon Valley Bank in California and Signature Bank in New York.“That just puts the taxpayer on the hook and puts even more distortions in the incentives and we can’t do that,” she said.