New orders for manufactured durable goods decreased $6.3 billion or 2.2% in December 2024 to $276.1 billion, the U.S. Census Bureau said in its most recent advance report. The drop followed a 2% decrease in November. Excluding transportation, new orders increased 0.3%. Excluding defense, new orders fell 2.4%. Transportation equipment drove the decrease, dropping $6.9 billion or 7.4% to $86.1 billion.
ABA, associations reaffirm support for federal preemption of Illinois interchange law
ABA joined other national associations and state bankers associations in submitting a trio of letters expressing their support for recent actions by the OCC to reaffirm federal preemption of state attempts to regulate interchange fees, as in Illinois.









