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A lobbying group for the nation s largest banks wants the Federal Reserve to permanently relax a number of regulations put in place after the 2008 financial crisis. The reason: To help lenders deal with any economic fallout from the novel coronavirus.Some of theproposedchanges would allow the banks to reduce the amount of money they must set aside to cover potential bad loans, which is exactly what got the banks into trouble during the crash.Race to Respond: Full coverage of the coronavirus outbreak The Fed has every reason to ta stanley cup ke steps now, said Bill Nelson, a top economist for the Bank Policy Institute, which is funded by large banks including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. Nelson co-authored the policy statement Actions the Fed Could Take in Response to COVID-19, which the group released earlier this week. It makes sense to increase confidence now to make sure there are no unwanted economic shocks from the coronavirus. stanley cup How airports are combating the coronavirus 02:02 The banks have already been granted one of their stanley cup wishes after Nelson last weekend sent anopen letter to his group s members calling on the U.S. central bank to lower interest rates by at least a half of percentage point. The Fed did just that on Tuesday, though the reaction from the market was mixed Xksv This is our home : California firefighters struggle beyond physical toll of job
President Trump is in Texas Wednesday afternoon to rally supporters, as he continues his push for a tougher immigration system and threatens to close the border if Mexico airmax or Congr adidas samba og ess doesn t stop the flow of immigrants coming into the U.S. Mr. Trump said the situation is so dire he will have to send more troops to the border.Even as the president focused on border security, the hollowing out of his immigration personnel structure continued Wednesday with the announced departure of acting Immigration and Customs Enforcement Director Ron Vitiello, announced by also outgoing Department of Homeland Security Secretary Kirstjen Nielsen. The president had previously announced Vitiello would run Customs and Border Protection, but later said he wanted to go in a tougher direction.The president began his day-long trip in San Antonio, where adidas samba reporters were, without warning, ushered into what was supposed to be an event closed to the press at a private country club. There, the president declared that many immigrants are dying as they cross the border, abandoned by coyote smugglers. His graphic descriptions were echoed by a supporter seated next to him. We find dead people from Guatemala Honduras from El Salvador, from Mexico, all over, said the president seated at a table, as unnamed supporters stood behind him. Many many dead people, many, he added. ... Nobody has any idea how bad this is. The president said that dangerous people are