Investors will focus on the Federal Reserve’s outlook for the US economy when the central bank finishes its two-day meeting to set interest rates on Wednesday. Markets overwhelmingly expect borrowing costs to remain unchanged at between 4.25 and 4.5 per cent, based on futures markets prices. Instead investors will try to gauge chair Jay Powell’s … Read more
Elon Musk’s Department of Government Efficiency (DOGE) has fired more than a hundred employees working for the U.S. government’s cybersecurity agency CISA, including “red team” staffers, two people affected by the layoffs told TechCrunch. The people, who asked not to be named, said affected employees were axed immediately when their network access was revoked with … Read more
Medicaid stabilizes America’s health care system Medicaid plays an especially important role in supporting the financial integrity of community health centers and hospitals. Medicaid has been particularly critical for rural hospitals, providing financial stability at a time when almost 700 rural hospitals are at risk of closing. Medicaid also helps community health centers augment and … Read more
Grants paid by the federal government have two components. One covers the direct costs of performing the research, paying for salaries, equipment, and consumables like chemicals or enzymes. But the government also pays what are called indirect costs. These go to the universities and research institutes, covering the costs of providing and maintaining the lab … Read more
On February 6, 2025, the White House announced a series of tax cuts primarily benefitting the middle class and retirees. Here’s what’s on the table: No tax on tips No tax on Social Security benefits for seniors No tax on overtime pay Renewing the Trump Tax Cuts from the 2017 Tax Cuts and Jobs Act Adjusting the … Read more
