The central bank was motivated by the change in the employment rate, among other factors. The Federal Reserve cut interest rates by half a point on Wednesday, an…
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Labor Department Documents Mixed Inflation Cues in August Report
The department also released employment numbers, which missed projections. In its monthly inflation report released Wednesday, the Department of Labor found that the consumer price index increased 0.2…
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IRS and Treasury Department Report on Funds Recovered from Tax Evaders
The treasury secretary announces $1.3 billion recovered from wealthy tax filers and non-filers and other audits. U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny…
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Administration Takes Action Against Russian Media Company and Employees
DOJ indicts two employees for conspiracy to commit money laundering and violate FARA. The Department of Justice announced indictments against two employees of the Russian state media network…
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Federal Reserve Informally Agrees on Interest Rate Cuts
Members point to an unexpected decrease in inflation rates. Federal Reserve members expressed the intent to lower interest rates at the upcoming meeting on September 17 and 18.…
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Treasury Department Allocates $100 Million to Affordable Housing
The investment is intended to address mortgage inflation caused by the housing shortage. Secretary of the Treasury Janet Yellen announced that $100 million in financing is now available…
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First Presidential Debate Takes Place in Atlanta
President Biden and former President Trump will field questions Thursday night. President Joe Biden and former President Donald Trump are participating in the first presidential debate of this…
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Senate Health Committee Considers Subpoena Over Ozempic Drug Prices
Members will vote next week on a hearing requirement involving the drug’s manufacturer. The Senate Committee on Health, Education, Labor, and Pensions (HELP) announced that it will vote…
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Postmaster General Defends 10-Year Modernization Plan
He says rewriting the “broken business model” requires “uncomfortable” decisions. Postmaster General Louis DeJoy spoke at the National Postal Forum this week, where he defended the implementation of…
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Transportation Department Updates Federal Project Relocation Policies
Transportation secretary announces final rule under the Uniform Act. The Department of Transportation (DOT) published a final rule updating the Uniform Relocation Assistance and Real Property Acquisition Policies…
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