Construction spending in August was at a seasonally adjusted annual rate of $2.1 trillion, 0.1% below the revised July estimate, the Commerce Department said today. The August figure was 4.1% above the estimate from a year before.
The Treasury Department is seeking public input on the Known Investor Program and ways to potentially streamline aspects of its foreign investment review process.
A proposal to create “payment accounts” to provide basic Federal Reserve payment services requires “careful design and robust risk mitigants” to uphold the integrity of the payments system and protect the public interest, ABA said.
Nearly nine in 10 U.S. adults reported feeling some kind of financial stress at the start of 2026, with more than three in four saying they experienced a financial setback last year, according to a new survey by...
In his second day of congressional testimony, Treasury Secretary Scott Bessent said he will work to ensure there is “no deposit volatility” associated with a market structure bill for digital assets currently before Congress.
The ABA Foundation unveiled a first-of-its-kind report capturing forward-looking ideas from bankers, community leaders and nonprofit partners on how financial institutions can drive meaningful economic and community impact in the decades ahead.
Softening of the labor market could contribute to tempered wage growth and sustained unemployment, possibly leading to increased consumer delinquencies, according to ABA economists.
