As the U.S. economy is reckoning with high inflation, the collapse of Silicon Valley Bank comes at a complicated moment. CBS News’ Senior National Correspondent Mark Strassmann is on the ground in Atlanta with more.

Asked about the “level of panic” in companies that banked with SVB, Chris Krebs says, “50% of venture capital companies banked with SVB. Approximately 60,000 companies. They don’t have access to information right now, in addition to access to their money.”

New Jersey @GovMurphy  tells @margbrennan  he is “concerned, but not panicked” about the SVB collapse, and that his state’s “economic development authority is preparing a package largely focused on liquidity to be there in case we need to be there.”

“The villain here are the attorneys general and governors…that are taking freedoms away from Americans,” says New Jersey@GovMurphy , amid news that Democratic California Gov. Newsom is ending contracts with pharmacies who won’t sell abortion-inducing medication in some states

As we celebrate Women’s History Month, @margbrennan  reports on the reversal of women’s rights around the world that is now officially considered a global emergency.

Asked whether SVB’s failure was caused by mismanagement, Treasury Secretary Janet Yellen said on Sunday: “The FDIC has placed this bank in receivership and will be working...to manage its resolution. And in the meantime, I really can't comment on details about the situation.”