"Prolonged investigations" create "tremendous strain on retirement plan sponsors" and negatively impact retirement savers, wrote House Republicans in a letter sent to Acting Secretary of Labor Julie Su.

The majority of FOMC members expect to enact another rate hike before the end of this year.

The 2023 AFP Liquidity Survey found that treasurers are reducing bank deposits and moving investments toward more secure vehicles, reflecting the U.S. economic climate of 2022 and the bank failures of 2023.

The deposit token would not be intended for purchases of cryptocurrencies or as a replacement for stablecoins; it would be designed for use within the traditional financial system for payments, settlements, and similar functions.