Make bank bankruptcy great again, says US Treasury

February 22, 2018 08:00 pm

Steven_Mnuchin_2_PA_230x150 — United States Secretary of the Treasury Steven Mnuchin talks about the new IRS withholding tables in the Brady Press Briefing Room of the White House in Washington, DC on Thursday, January 11, 2018. Mnuchin said the new withholding tables will reflect the changes made by the GOP tax law, noting that 90 percent of wage earners will see greater take-home pay once they are implemented. (Photo by Ron Sachs/CNP/Sipa USA) | CNP/SIPA USA/PA Images

The US Department of the Treasury defied Republican calls to scrap the Orderly Liquidation Authority this week, after publishing a report in which it recommended an overhaul of the nation’s framework for dealing with failing banks.

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