Photo: The Federal Deposit Insurance Corp. headquarters in Washington, D.C. Photographer: Al Drago/Bloomberg The Federal Deposit Insurance Corp. headquarters in Washington, D.C. Photographer: Al Drago/Bloomberg

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. (FDIC) coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.

Treasury Department staff are reviewing whether federal regulators have enough emergency authority to temporarily insure deposits greater than the current $250,000 cap on most accounts without formal consent from a deeply divided Congress, according to people with knowledge of the talks.

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