Small banks are pushing Congress to extend unlimited Federal Deposit Insurance Corp. coverage on non-interest-bearing bank accounts, but House Republicans are opposed to the measure, which makes any extension unlikely, the Wall Street Journal says.
Despite the intangible in its name, the levy applies broadly to income.
A recent survey suggests treasury and finance executives are not prepared for new technologies that could transform the way they do business.
Prospect of slowdown or halt in Chinese purchases of U.S. government debt gives bond market the jitters.
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