
What's inside the Treasury's proposal to track nearly all bank accounts
CBSN
As part of President Joe Biden's plan to crack down on tax evasion by the wealthy, one proposal has proved incendiary: A plan to require banks to report to the Internal Revenue Service several new pieces of information from U.S. bank accounts. It has drawn condemnation from the finance industry and some lawmakers, while stoking fears among ordinary Americans that the government plans to monitor their day-to-day spending.
Under a Treasury proposal issued in May as part of the agency's budget request, banks would be required to note how much money went into and out of an account, excluding any account with less than $600 in flows annually or whose balance is under $600. Individual transactions won't be listed, and officials have said it will not lead to more audits of middle-income Americans.
Despite this, the proposal is still the subject of heated negotiation in Congress. Here's what's included in the plan — and what's not.

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This year, WorldPride is coming to Washington, D.C. A series of events, organized by the nonprofit InterPride, aims to bring visibility and awareness of lesbian, gay, bisexual, transgender and queer issues to an international stage. This year's location is leaving the community conflicted about showing up to the nation's capital amid an administration that has targeted them.

A suspect is in custody after what the FBI is calling a "targeted act of violence" at Pearl Street Mall in Boulder, Colorado, on Sunday. We are saddened and heartbroken to learn that an incendiary device was thrown at walkers at the Run for Their Lives walk on Pearl Street as they were raising awareness for the hostages still held in Gaza. My thoughts are with those injured and impacted by today's attack against a group that meets weekly on Boulder's Pearl Street Mall to call for the release of the hostages in Gaza.