On the recordJuly 14, 2014
I think that is correct that we are.
Source
congress.govI think that is correct that we are.
Yellen confirms that the end-user rule is on schedule.
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I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.
But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.