Democrats and Republicans alike want big banks to up their insured deposit limits. As the Wall Street Journal (WSJ) reported Wednesday (Oct. 29), both Treasury Secretary Scott Bessent and Sen. Elizabeth Warren — a Democrat from Massachusetts and longtime financial watchdog — are calling for raising the $250,000 limit on insured deposits. This alliance, the report said, is helping fuel efforts from midsized banks who argue that higher caps would prevent bank runs like the ones seen at Sili...
