WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent is proposing changes to the Financial Stability Oversight Council. It’s a body that was created after the 2008 global financial crisis to prevent future economic meltdowns. Bessent is advocating for looser regulations. In a letter released Thursday, Bessent says efforts to safeguard the financial system have often…… MORE
Tariffs Have Cost U.S. Households $1,200 Each Since Trump Returned to the White House, Democrats Say
WASHINGTON (AP) — Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress’ Joint Economic Committee. Using Treasury Department numbers on revenue from tariffs and Goldman Sachs estimates of who ends up paying for them, the…… MORE
After Airbus Issue, DOT Says Airlines Don’t Have to Cover Passenger Expenses Amid Aircraft Recalls
The U.S. Department of Transportation has issued new guidance stating airlines don’t have to cover passenger expenses like meals or lodging when a flight is canceled or significantly delayed by an aircraft recall. The guidance released on Wednesday follows disruptions last month due to inspections and software updates on Airbus A320 aircraft to fix a…… MORE
Impact Texas – Salvation Army Angel Tree
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Federal Reserve cuts key rate but signals higher bar for future reductions
WASHINGTON (AP) — The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. In a set of quarterly economic…… MORE