Economics

Social Security Reinstating 100 Percent Monthly Recovery Rate for Overpayments

The Social Security Administration, as of March 27, will again start holding back 100 percent of a beneficiary’s monthly benefits to recover overpayments.

Pausing Interest Rate Cuts Is Appropriate Given Inflation Concerns: Fed Governor

U.S. Federal Reserve’s decision to halt bringing down its benchmark interest rate is right choice given difficulty in tackling inflation, according to Waller.
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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.

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.