And the decision was made at the time that the leverage ratio is not our main capital tool, but a backup capital tool that is intended to, in a crude kind of way, base capital requirements on the overall size of a firm's balance sheet.
Yellen explains the role of the leverage ratio in capital requirements.
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The Trump tax cuts added hugely to the deficit. I wish I recalled, it was something like $2 trillion over 10 years.
It is a fundamental, basic responsibility of Congress to pay the Government's bills. And I call on Congress to expeditiously raise the debt ceiling.
The Trump tax cuts added hugely to the deficit. I wish I recalled, it was something like $2 trillion over 10 years.
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