Nov 12th, 2015
Highway Bill May Have Impact on Banks
The Highway Bill is the latest bit of must-pass legislation which has lobbyists for Wall Street Banks fighting like hell. Why? Congress has found a way to raise much needed money to fund the bill without raising taxes. They're going to reduce the dividends that the Fed pays banks for parking cash with Yellen & Co. to raise some $17billion. They want that money and are throwing elbows to get the provision changed. Phil Mattingly explains on "Bloomberg Markets." (Source: Bloomberg)
