The big story of the day is a new plan being laid out by Treasury Secretary Timothy Geithner before the Congress on increased regulation of the financial system. Instead of giving you the highlights, I will append the press release from the Treasury Department and let you see what you think of it yourself.

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Senate Majority Leader John Thune, R-S.D. (center) is flanked by GOP whip Sen. John Barrasso, R-Wyo. (left) and Finance Committee Chairman Mike Crapo, R-Idaho, as Thune speak to reporters at the Capitol in Washington on Tuesday, July 1, 2025. Earlier Tuesday, the Senate passed the budget reconciliation package of President Donald Trump's signature bill of big tax breaks and spending cuts. (J. Scott Applewhite/AP)

Credit: AP