The House today voted on a legislative package that suspends the debt ceiling and funds the federal government through Dec. 8 and provides $15 billion in disaster relief for Hurricane Harvey victims. The Senate voted to pass the bill yesterday and President Trump is expected to sign it promptly. The bill includes a measure authorizing the National Flood Insurance Program also through Dec. 8. The program had been set to expire on Sept. 30.
Proposed acquisitions have been announced in recent days of banks in Florida, Kansas and Missouri.
ABA and 52 state bankers associations urged senators to include legislation to expand access to affordable real estate credit in rural areas in a budget package currently under consideration in Congress.
New orders of manufactured goods increased $25.7 billion, or 4,3%, from the prior month to $618.8 billion in March, the Commerce Department said.
As more retail bank customers struggle to pay their bills on time, many of them are looking to their banks for financial advice, according to a new survey by J.D. Power.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in seven states recently affected by natural disasters.
Construction spending in April was at a seasonally adjusted annual rate of $2.15 trillion, 0.4% below the revised March estimate, the Commerce Department said.
