Personal income increased 0.8%, or $194.7 billion, in February, the Commerce Department said. The personal savings rate — a percentage of disposable personal income — was 4.6%. Meanwhile, personal consumption expenditures increased 0.4%, or $87.8 billion.
The House voted in favor of a Senate deal to reopen the government, ending a shutdown that began on Oct. 1.
Federal law enforcement agencies announced the formation of an interagency “strike force” to target Southeast Asian cryptocurrency-related investment scams and confidence schemes.
The U.S. Mint held a ceremony where U.S. Treasurer Brandon Beach struck the final circulating penny, ending 232 years of penny production.
The U.S. Supreme Court will hold oral arguments in January on whether to overturn a lower court order barring President Trump from removing Governor Lisa Cook from the Federal Reserve board.
The CFPB is proposing to remove disparate impact from its enforcement of the Equal Credit Opportunity Act, clarify the prohibition on discouraging prospective applicants, and establish new limits on special-purpose credit programs offered by lenders.
The CFPB is proposing revisions to its small-business lending data rule to scale back the scope of data collection, saying that adopting a “longer-term” approach that allows for the future addition of more data points would be the...
