Personal income increased 1%, or $233.7 billion, in January, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 3.8%. Meanwhile, personal consumption expenditures increased 0.2%, or $43.9 billion.
ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest loophole is no safeguard against the deposit flight that would harm many community banks, ABA and a coalition...









