Under the new plan, banks would only be required to provide data on accounts with total annual deposits or withdrawals worth more than $10,000, not including payroll and beneficiary deposits, rather than the $600 threshold that was initially proposed.
Author: Alan Rappeport and Jonathan Weisman
U.S. Debt Default Could Come in October, Yellen Warns
The Treasury secretary urged Congress to take action on the debt limit before “extraordinary measures” being used to finance the government run out.