Personal income increased 0.3%, or $75.1 billion, in July, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 2.9%. Meanwhile, personal consumption expenditures increased 0.5%, or $103.8 billion.
Former comptrollers warn against state erosion of federal banking powers
States are increasingly seeking to regulate activities that have historically fallen within the domain of federal supervision, and that threatens the regulatory clarity the nation's dual banking system has long provided, two former comptrollers of the currency write...









