The undersecretary said, “We expect this temporary incentive to drive up repayment rates and significantly improve the overall health of the federal student loan portfolio.” The Department of…
Read MoreInterest Rates
Labor Department Reports Drop in Unemployment Benefit Applications
The Federal Reserve maintained current interest rates as the unemployment rate and layoffs are at historical lows. The Labor Department’s Bureau of Labor Statistics reported that applications for…
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Labor Department Reports Lowest Weekly Unemployment Numbers in Over 5 Decades
The number of U.S. jobless claims fell to the fewest since 1969. The U.S. Labor Department’s Bureau of Labor Statistics released the unemployment benefit applications April 25 that…
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Federal Reserve Votes to Lower Interest Rates Again
Chairman says, “I really want to turn this job over to whoever replaces me with the economy in really good shape.” The Federal Reserve Board met this week…
Read MoreLabor Department Releases September Jobs Report Delayed by Shutdown
The report came out nearly a month and a half late due to Congress not neglecting to fund the federal government. The Bureau of Labor Statistics (BLS) released…
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Supreme Court Temporarily Halts Firing of Federal Reserve Governor Cook
The justices will hold a hearing in January 2026 to review the case. The Supreme Court did not allow President Donald Trump to immediately fire Federal Reserve Governor…
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Federal Reserve Lowers Interest Rates Slightly as Unemployment Increases
Chairman Powell says no paths are “risk-free,” and that the correct move is “not incredibly obvious.” The Federal Reserve lowered interest rates by a quarter of a percentage…
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Appeals Court Blocks Firing of Fed Governor Lisa Cook
Issues an emergency ruling stating the government must follow due process. The D.C. Court of Appeals issued an emergency ruling on Monday that determined President Donald Trump cannot…
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Treasury Secretary says President Considering Housing Emergency Declaration
The housing prices, as well as the mortgage rates, have contributed to high costs. Treasury Secretary said this week that President Trump is exploring how best to address…
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President and Federal Reserve Chair Discuss Interest Rates and Economy
President Trump advocated for the central bank to reduce interest rates now that inflation has stopped. President Donald Trump and Federal Reserve Chair Jerome Powell met in person…
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