"Don't enroll in a college thinking you can afford it based on this year's financial aid offer, as it's likely to change in future years." Federal Pell Grants President Joe Biden recently signed Congress' 2022 fiscal year spending bill, which includes a $400 increase to the maximum ...
It's not a one-to-one relationship between the federal funds rate and mortgage rates. The 30-year fixed rate more closely tracks the yield on 10-year Treasury bonds. Mortgage interest rates (and Treasury yields) have bounced up and down over the past several months, with the 30-year ...
Veterans Day is a United States federal holiday observed annually on November 11, honoring and remembering all those who have served in the United States Armed Forces. Veterans Day was originally called Armistice Day, but was renamed in 1954 at the urging of major U.S. veteran organizations. ...
Valentine's Day (or Saint Valentine's Day) is observed on February 14 each year. It is celebrated in many countries around the world, mostly in the West, although it remains a working day in all of them unless if falls on a weekend. The original "St. Valentine" was just a liturgical...
The idea that the euro could challenge the dollar currently has support from leading financial commentators. The former US Federal Reserve chairman Alan Greenspan said late last year that “it is absolutely conceivable that the euro will replace the dollar as reserve currency, or will be traded as...
“My campaign has complied with every Federal Election Commission (FEC) law, and my books are open,” he said. — Nicholas Wu and Daniella Diaz HUDDLE HOTDISH Rosa DeLaurowent to the natural historymuseum. Chuck Grassleyenjoyed abowl of chilithat’s as good as Barb...
For each subsidy, we observe whether the number of jobs promised by the subsidy recipient was created as well as other subsidy-related information (dollar value, total number of jobs promised, and actual number of jobs created). We aggregate these data to the firm-state-year level because ...
There was little confidence in the Federal Reserve (Fed) at the time, and the price of gold soared after being fixed against the U.S. dollar for almost all of U.S. history. But what if the Fed had the market’s confidence, like it does today? When we take out gold and commodities...
When the 16th Amendment was passed, only a small number of very wealthy individuals were expected to pay federal tax—as the country expanded and the population grew, it became necessary to collect more taxes as the government (and expenses) broadened to match the federal programs being implement...
TheBureau of Economic Analysis (BEA), a federal agency, calculates real GDP by removing the effects of inflation from the numbers using aGDP price deflator.12The deflator is the difference in prices between the current year and the base year chosen by the BEA for comparison. For example, if...