New orders for manufactured durable goods increased $2.2 billion or 0.8% in September to $284.8 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 0.8% August decrease. Excluding transportation, new orders increased 0.4%. Excluding defense, new orders increased 0.4%. Transportation equipment drove the decrease, falling $3.1 billion or 3.1% to $95.4 billion.
Democratic senators introduce bill to lower credit card late fee cap
Three Democratic senators have introduced legislation to revive a Biden-era rule that would lower the cap on credit card late fees to $8.
