Regulatory Landscape & Deregulation - The Treasury Secretary criticized the Dodd-Frank legislation for negatively impacting community banking and benefiting larger financial centers [1] - The Trump administration is planning sweeping deregulation in coordination with banking agencies to support community banks [2] - The number of applications and the overall count of community banks have decreased [3] - Deregulation is being considered as a tool to revitalize community banking [3] Economic Outlook - The US deficit is projected to be lower than expected this year, decreasing from 612% to approximately 59% of GDP [4] - Note: The original text contains a typo "6 12%" which is assumed to mean 612% and has been corrected to 6.12% for clarity and context, then converted to 5.9% [4] Federal Reserve & Leadership - The Treasury Secretary and a Fed Governor (Michelle Bowman) appeared together, which is considered unusual [4] - Michelle Bowman is a potential candidate to replace Fed Chair Jay Powell [4]