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Sat.Dec 02, 2023

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Agencies Extend Comment Period on Proposed Rule to Require Large Banks to Maintain Long–Term Debt

Collection Industry News

DECEMBER 2, 2023

Federal bank regulatory agencies announced today that they will extend until January 16, 2024, the comment period on their long-term debt proposed rule to improve the resolvability of large banks and enhance financial stability. The agencies extended the comment period to allow interested parties more time to analyze the issues and prepare their comments.

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Banks Collections Government 40
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US National Debt Hits Record $34 Trillion as Congress Gears up for Funding Fight

Collection Industry News

DECEMBER 2, 2023

WASHINGTON — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years. The U.S. Treasury Department issued a report Tuesday logging U.S. finances, which have become a source of tension in a politically divided Washington that could possibly see parts of the government shut down without an annual budget in place.

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