Browsing: Newsbytes

Economy

Economic growth slowed slightly to a moderate pace from early July to August, as dining out, travel and tourism declined due to safety concerns around the rise of the COVID-19 Delta variant, according to the Federal Reserve’s sixth Beige Book release of the year.

Newsbytes

In a letter to House and Senate lawmakers overseeing the Internal Revenue Service, ABA reiterated its opposition to proposed new tax reporting requirements on banks that would require them to report information on account flows on every account above a de minimis threshold of $600, including earnings from investment and business activity.

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