Will the US implement universal guarantee of banking deposits during the 118th congress?
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Currently, banking deposits are guaranteed by the U.S. governement up to a $250,000 cap. This market resolves to YES if the cap is removed.
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What if they remove the cap for certain types of accounts but not others, how does this market resolve? The current proposal from FDIC is to remove the cap for business payroll accounts only.
https://qz.com/the-fdics-proposal-for-deposit-reform-is-narrow-and-u-1850392839
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