What’s ahead:The Federal Reserve is expected to cut short-term interest rates, but mortgage rates might not necessarily fall by a similar amount. Buyers will probably have more properties to choose from, and the greater supply should keep prices from rising a lot. Interest rates on home equi...
Unlike the calendar year, which always begins on Jan. 1 and ends on Dec. 31, a fiscal year can start and end in any month. For instance, the U.S. federal government operates on a fiscal year that begins on Oct. 1 and ends on Sept. 30, while many retail businesses prefer a fiscal...
Helpful resources Are We in a Recession? Consumer Sentiment Nears Record Lows: What Is It and Why Does It Matter? How Will Trump Impact the Economy? What Is the Federal Funds Rate? More like this Making Money Paying Your Bills Personal Finance The Labor Market: Worker Perception and Economic...
Economists believe that tariffs will raise costs in the US, sparking a wave of inflation that will keep interest rates higher for longer. The US central bank, the Federal Reserve, is mandated to act to bring inflation down. More expensive borrowing and costlier goods and services could bring a...
The 2014 version of the law has OMB and the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency sharing oversight of federalcybersecurityprograms. An update to FISMA was proposed in 2023 but hasn't passed by Congress. Among its proposals is a requirement for federal...
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The current rate remains the lowest since January 2023. » MORE: How is the economy doing? What's influencing the Fed's decisions? The Fed’s rate decision arrived amid growing concerns in economic forecasting. During a press conference following the rate announcement, Federal Reserve Chair ...
Federal Pell Grants President Joe Biden recently signed Congress' 2022 fiscal year spending bill, which includes a $400 increase to the maximum federal Pell Grant award, bringing it up to $6,895 for the 2022-2023 award year. "Every time the maximum Pell Grant is increased, it expands the...
Many federal government agencies are funded annually by a dozen appropriations bills that need to be passed by Congress and signed by the president before the start of the new fiscal year on Oct. 1. These are often grouped together into one large piece of legislation known as an "omnibus" ...
Government funding expires Oct. 1, the start of the federal fiscal year. A shutdown will effectively begin at 12:01 a.m. if Congress is not able to pass a funding plan that the president signs into law. It is impossible to predict how long a...