Federal Reserve Board Cuts Prime Rate 50 Basis Points

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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Administration Addresses Increasing De Minimus Shipments

Departments of Homeland Security and Commerce implement changes in tariff-exempt importing. The Departments of Homeland Security and Commerce announced that they will take action regarding “the exponential growth…

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USDA Distributes $7.3 Billion for 16 Rural Clean Energy Companies

Secretary Vilsack says the investment will connect solar, hydro, and wind power to 5 million rural homes. Secretary Tom Vilsack announced that the U.S. Department of Agriculture (USDA)…

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SEC Imposes $3 Million in Charges Against 7 Companies for Whistleblower Violations

Companies agree to remediate charges of impeding whistleblower communications.  The Securities and Exchange Commission (SEC) announced that seven companies have agreed to pay a collective $3 million to…

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First Lady and Defense Secretary Visit Alabama Air Force Base

The duo highlighted the programs that improve military quality of life and childhood education. First Lady Jill Biden and Defense Secretary Lloyd Austin visited a pre-kindergarten program on…

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Transportation Department Invests in Commercial Driver Training and Road Safety

FMCSA provides grants to 27 colleges and CDL programs. The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has announced nearly $3.5 million in grants to…

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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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Federal Judge Rules X Must Face Age Discrimination Suit

Other cases regarding the massive layoffs by CEO Musk after the Twitter takeover have been dismissed. District Judge Susan Illston ruled this week that the social media platform…

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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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DOE Reports Clean Energy Industry Jobs Rate Doubled in 2023

The sector grew by 4 percent compared to 2 percent for overall U.S. jobs. The Department of Energy (DOE) reported that jobs in the U.S. clean energy sector…

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