Browsing: cuts

Hispanolistic | E+ | Getty ImagesThis season, the IRS is smaller after staffing cuts from Elon Musk’s Department of Government Efficiency, or DOGE, and other 2025 reductions.…

Key takeaway: Fed Gov. Stephen Miran said he could now foresee three short-term interest rate cuts instead of four, citing shifts in the underlying composition of…

Key insight: The Trump administration’s budget proposes a $204.5 million cut to the Treasury Department’s Community Development Financial Institution Fund, and would redirect remaining awards to…

Federal Reserve Governor Stephen Miran on Monday continued his campaign for lower interest rates, telling CNBC that policymakers should disregard the current energy price spike unless…

Key insights: Australian regulators are pressuring Visa and Mastercard on payment fees. What’s at stake: The card networks are facing regulatory pushback on card fees globally.…

Key insight: Patrick Harker, former president of the Federal Reserve Bank of Philadelphia, and Loretta Mester, former president of the Federal Reserve Bank of Cleveland, predict…

Why it’s important: A Virginia bank is looking forward to a big boost to lending and profitability after selling a large portfolio of nonperforming loans on…

A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018.Brendan McDermid | ReutersMoody’s Ratings on Monday downgraded a private…

Key Insight: Federal Reserve Gov. Michael Barr said inflation pressures on goods and non-housing services remain elevated and that the Middle East conflict could add to…

Federal Reserve Governor Christopher Waller on Friday expressed caution about current economic conditions but still sees the opportunity for interest rate cuts later this year.Previously an…