The Federal Deposit Insurance Corp. is set to pay almost $23 billion to stabilize the banking sector. That money comes from an insurance fund that is refilled annually through fees paid by banks. Now the agency is considering a special assessment on the entire industry to help make up the costs, according to a Bloomberg report. It also noted that big banks (who have been the biggest beneficiaries, as depositors have flocked to safer ground) might have to pay extra.
Plastic-Free July is being observed to highlight the use of plastic and its effects. Cheddar News' Michelle Castillo gave up using single-use plastic for the day and spoke with Kathyrn Kellogg, founder of Going Zero Waste, to get her take.
