Economics

FDIC Acting Chair Says Crypto-Related Regulations for Banks Will Be Revamped

The Federal Deposit Insurance Corporation (FDIC) released 175 documents that reveal a history of regulatory resistance to crypto-related products and services.

More Than 20,000 Federal Workers Have Taken Buyout Offer, Surge Expected Before Feb. 6 Deadline, Says Official

More than 20,000 federal workers accepted Trump’s buyout offer and officials expect many more before the Feb. 6 deadline, according to administration official.
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DOGE: 104 DEI Contracts Canceled, Slashing $1 Billion in Government Spending

DOGE has announced that the dept has already canceled 104 contracts related to DEI across a bevy of federal agencies, saving taxpayers over $1 billion.

More Interest Rate Cuts Possible Even Under Trump Tariffs, Fed Governor Says

Federal Reserve Gov. Christopher J. Waller is backing more interest rate cuts even if higher tariffs are imposed on imports, a proposal pushed forward by Trump.
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Federal Reserve Cuts Interest Rates by a Quarter-Point, Signals Fewer Cuts Next Year

Federal Reserve followed through on the third straight interest rate cut lowering the benchmark rate by 25 basis points to a range between 4.25% and 4.5%.
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Government Payments Become Fastest Growing Source of Income: Report

Payments from the government have become the fastest-growing source of income for Americans, according to a new study.
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I, Pencil: The Movie

The pencil is a miracle of the free market. People who are strangers to each other are cooperating to produce goods that others want, need, and enjoy.
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Fed Keeps Rates Unchanged, Signals One Rate Cut This Year

Fed policymakers say ’there has been modest further progress’ toward restoring price stability. The Federal Reserve left its key interest...