Trump’s DOGE Team Is Asking Potential Appointees If They Can Abolish the FDIC
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President-elect Donald Trump’s transition team is looking at ways to either reform, reorganize or completely eliminate the Federal Deposit Insurance Corporation (FDIC), a federal agency that provides insurance for banks to ensure that customers’ money can be recovered in the case of a bank closure. Any changes to the FDIC, an independent agency created in the Great Depression era that insures…