{"id":21237,"date":"2025-09-29T01:49:55","date_gmt":"2025-09-29T01:49:55","guid":{"rendered":"https:\/\/finderica.com\/?p=21237"},"modified":"2025-09-29T01:49:55","modified_gmt":"2025-09-29T01:49:55","slug":"news-roundup-shutdown-looms-ticketmaster-targeted-ev-tax-break-ends","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=21237","title":{"rendered":"News Roundup: Shutdown Looms, Ticketmaster Targeted, EV Tax Break Ends"},"content":{"rendered":"<div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\" id=\"money-news-this-week:\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Money news this week:<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The economy grew at an annual rate of 3.8% in the second quarter, according to the <\/span><span class=\"_28z5Fp _3-to_p\">latest GDP estimate<\/span><span class=\"_28z5Fp _3-to_p\"> released Sept. 25.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Consumer sentiment<\/span><span class=\"_28z5Fp _3-to_p\"> for September, as measured by the University of Michigan\u2019s index, declined about 5% from last month, according to the report released on Sept. 26. But current readings remain above the lows in April and May.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The personal consumption expenditures, or PCE, is the Fed\u2019s preferred <\/span><span class=\"_28z5Fp _3-to_p\">measure of inflation<\/span><span class=\"_28z5Fp _3-to_p\">. The latest report, released on Sept. 26, shows inflation remains elevated and steady. In August, inflation increased at a rate of 2.7% over the previous 12 months. Core inflation \u2014 minus food and energy \u2014 grew at a rate of 2.9%.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Weekly <\/span><span class=\"_28z5Fp _3-to_p\">jobless claims<\/span><span class=\"_28z5Fp _3-to_p\"> \u2014 the number of new unemployment insurance claims filed in the past week \u2014 fell for the week ending Sept. 20, according to the report released on Sept. 25. Jobless claims are an indicator of the strength \u2014 or weakness \u2014 of the labor market.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\"><\/ul>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\" id=\"deja-vu:-the-government-might-shut-down\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Deja vu: The government might shut down <\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Congress is, once again, playing chicken with funding for government programs, and the deadline to avoid a government shutdown is just days away. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Every year, lawmakers are expected to pass 12 spending bills to keep the federal government running. The bills aren\u2019t introducing new programs, just paying for what\u2019s already on the books. And if bills don\u2019t get paid, things stop working. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">For the last few funding cycles \u2014 which begin annually on Oct. 1 with the start of the new fiscal year \u2014 Congress has relied on short-term stopgaps to avoid a shutdown.  <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<div>\n<div class=\"_3wlVa6 _2247K8 _3eCw6n\"><span class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">\u00bb <\/span><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Stay informed:<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> Check out our <\/span><span class=\"_28z5Fp _3-to_p\">news hub<\/span><span class=\"_28z5Fp _3-to_p\"> for all the latest.<\/span><\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">This time, as with many times before, lawmakers are cutting it close. Congress has been on recess all week and House Republican leaders have canceled its planned sessions on Sept. 29-30. If lawmakers don\u2019t come to an agreement to keep the government funded when the clock strikes midnight on Oct. 1, we\u2019re looking at a shutdown. <\/span><\/p>\n<\/div>\n<h3 class=\"_21EZtY eHXiWO _3_uGsM _28z5Fp _28CJ7N _1My7YX\" data-currency=\"Text\" id=\"what-happens-when-the-government-shuts-down\"><span class=\"_21EZtY eHXiWO _3_uGsM _28z5Fp _3-to_p\">What happens when the government shuts down?<\/span><\/h3>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Even a partial shutdown would mess with certain government agencies and operations. On Wednesday, the Office of Management and Budget issued a memo directing agencies to consider mass firings if the government were to shut down. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">During a shutdown, nonessential services are suspended, hundreds of thousands of federal workers are furloughed without pay and there are a range of ripple effects: <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Social programs: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Social Security, Medicare and Medicaid will all continue, but new disability claims and replacement cards could be delayed.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Food benefits: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Supplemental Nutrition Assistance Program (SNAP) and the accompanying WIC program run on contingency funds so benefits will still be available, for now. WIC could run out after around 30 days and if the shutdown drags on, SNAP could face strain, as well.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Travel: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">TSA agents and air traffic controllers are considered essential so they\u2019ll be required to work without pay. In the past, shutdowns have led to workers calling out sick, which has resulted in delays and flight groundings.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Parks: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">National parks may close entirely or open without services like trash pickup.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">IRS:<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> The IRS wouldn\u2019t be able to verify income and Social Security numbers, which delays mortgage and other loan approvals \u2014 not to mention billions of dollars in tax refunds.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Schools will continue to operate, student loan payments are still due, Amtrak will still run and you\u2019ll still receive mail. However food and drug safety inspections could slow.  <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Stay up-to-date on the latest <\/span><span class=\"_28z5Fp _3-to_p\">here<\/span><span class=\"_28z5Fp _3-to_p\">. <\/p>\n<p><\/span><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Video: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Here&#8217;s a snippet from our Smart Money explainer on the looming shutdown.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<div class=\"_3F4NeT\">\n<div class=\"_3ywkBY\" role=\"button\" tabindex=\"0\">\n<figure class=\"_3ngNGS\">\n<div class=\"xkItPk\" style=\"background-color:#F7F7F7\">\n<div class=\"_30SBGi x6Nm1J\"><\/div>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Smart Money: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Here&#8217;s the whole podcast.<\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\" id=\"ticketmaster:-back-in-the-hot-seat\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Ticketmaster: Back in the hot seat<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">With a potential shutdown looming again, is there any issue our divided political parties can agree on? <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The event ticketing giant, part of the Live Nation Entertainment conglomerate, was a favorite target of the Biden Administration, especially after its ticketing system melted down when seats for Taylor Swift\u2019s record-breaking Eras tour first went on sale in 2022, leaving many Swifties ticketless and angry. That sparked congressional investigations and, eventually, a 2024 antitrust suit from the Department of Justice, which is tentatively scheduled to go to trial in March 2026.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">President Donald Trump has picked up the torch. On March 31, he signed an executive order directing the Federal Trade Commission to \u201crigorously enforce\u201d a 2016 law, the Better Online Ticket Sales Act, which targets a common practice from online ticket brokers: creating hundreds, even thousands, of proxy Ticketmaster accounts \u2014 \u201cbots\u201d \u2014 to circumvent purchase limits and harvest as many tickets as possible for resale.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">In August, the FTC sued a Maryland firm for its use of bots to score thousands of tickets for Swift and other high-profile acts. And now the agency is suing Live Nation itself, accusing Ticketmaster of \u201ctacitly coordinating with brokers and allowing them to harvest millions of dollars worth of tickets in the primary market,\u201d according to a press release. <\/span><span class=\"_28z5Fp _3-to_p\">Read all the gory details<\/span><span class=\"_28z5Fp _3-to_p\">.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Nerdy tip: <\/span><\/span><span class=\"_28z5Fp _3-to_p\">Though Ticketmaster is fighting battles on all fronts, the situation for ticket buyers is not likely to change quickly, and tickets to the biggest events are likely to remain scarce. But there are steps fans can take to give themselves the best chance of <\/span><span class=\"_28z5Fp _3-to_p\">scoring tickets at face value<\/span><span class=\"_28z5Fp _3-to_p\">.<\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\" id=\"new-tariffs-on-drugs-household-furnishings-and-trucks\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">New tariffs on drugs, household furnishings and trucks <\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">On Thursday, President Donald Trump announced on social media <\/span><span class=\"_28z5Fp _3-to_p\">new tariffs<\/span><span class=\"_28z5Fp _3-to_p\"> that will go into effect on Oct. 1. The list includes:<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">100% tariff on all branded pharmaceutical products. The only exemption will be for companies actively building pharmaceutical manufacturing plants in America.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">50% tariff on all kitchen cabinets, bathroom vanities and associated products.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">30% tariff on upholstered furniture.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">25% tariff on heavy-duty trucks.\u00a0\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\" id=\"federal-tax-credits-for-evs-run-out-of-road\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Federal tax credits for EVs run out of road<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The electric vehicle market has been hopping so far in 2025, with August sales up 17.7% year over year and 14.1% higher than July sales, according to auto industry site Cox Automotive. Used EV sales have been booming as well.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">What happens after that? According to <\/span><a class=\"_28z5Fp _2JIHTU vLzrnO _3mJuQ4\" href=\"https:\/\/www.coxautoinc.com\/insights-hub\/after-the-credits-how-ev-adoption-advances-when-incentives-fade\/\" data-currency=\"Link\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><span class=\"_28z5Fp _3-to_p\">Cox Automotive<\/span><\/a><span class=\"_28z5Fp _3-to_p\">: \u201cWith $7,500 incentives eliminated, the case for EVs now rests on performance, technology and total cost of ownership, rather than subsidies.\u201d And for now, electric vehicle prices remain well above equivalent gas-powered cars. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\"><span class=\"_3VmbAf _28z5Fp _3-to_p\">Nerdy tip:<\/span><\/span><span class=\"_28z5Fp _3-to_p\"> Though the federal subsidy is ending, some states still offer incentives. You can look up your state on the <\/span><a class=\"_28z5Fp _2JIHTU vLzrnO _3mJuQ4\" href=\"https:\/\/www.kbb.com\/car-advice\/electric-vehicle-rebates-by-state\/\" data-currency=\"Link\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><span class=\"_28z5Fp _3-to_p\">Kelley Blue Book site<\/span><\/a><span class=\"_28z5Fp _3-to_p\">.<\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\" id=\"disney+-hikes-prices-amid-kimmel-fallout\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Disney+ hikes prices amid Kimmel fallout<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">On Wednesday, <\/span><span class=\"_28z5Fp _3-to_p\">Disney+ announced<\/span><span class=\"_28z5Fp _3-to_p\"> it was hiking the cost of its streaming subscriptions. <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Disney+ (with ads) will cost $11.99 a month.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The ad-free Premium plan will cost $18.99 a month or $189.99 a year.<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Bundle prices will also increase for streaming subscribers:<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Disney+ and Hulu bundle (with ads) will rise from $10.99 to $12.99.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Disney+, Hulu and ESPN Select Bundle (with ads) will rise from $16.99 to $19.99.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Disney+, Hulu, ESPN Select Bundle Premium (ad-free on Disney+ and Hulu only) will rise from $26.99 to $29.99.\u00a0<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The announced price increases dropped at a challenging moment for the company. On Monday, ABC, which is run by Disney-owned Nexstar Media Group, announced the reinstatement of late night TV host Jimmy Kimmel following a temporary suspension. On Sept. 17, ABC pulled Kimmel from the air \u201cindefinitely,\u201d following comments he made criticizing Trump and his supporters in the wake of conservative activist Charlie Kirk\u2019s killing.  <\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Kimmel\u2019s suspension launched protests, along with celebrity-endorsed and social media-fueled boycotts of Disney+. On Tuesday night, Kimmel returned to the air, garnering the show\u2019s largest viewership in over 10 years. But the controversy isn\u2019t over yet. Some affiliate networks are still refusing to air Kimmel\u2019s show. And in a letter sent to Disney on Wednesday, a group of investors is demanding more information as to why Kimmel was suspended. <\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\" id=\"key-economic-report-postponed-by-bls\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">Key economic report postponed by BLS<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Economists were alarmed when word first spread that a key annual report from the Bureau of Labor Statistics would be delayed. The BLS had been scheduled to release the 2024 Consumer Expenditures Survey (CES) on Tuesday, and announced the previous Friday, Sept. 19, that the report would be delayed \u2014 initially without giving explanation.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">That heightened concerns over data uncertainty that have been rising since the August firing of Erika McEntarfer, the Biden-appointed head of the bureau. On Monday, the BLS said the report was delayed because the bureau \u201cdiscovered a discrepancy\u201d in the data. The report will now be released Oct. 30.<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">According to SS\u2019s senior economist Elizabeth Renter,  \u201cThis is the sort of thing that happens when an agency is struggling with staffing and funding. The budget at the BLS has failed to keep up with inflation for most of the past two decades. In fact, the proposed budget for fiscal year 2026 marks an 8% decrease from the year prior. Also, the agency has been under a hiring freeze. Currently, more than one-third of their leadership positions are vacant.\u201d<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">In addition to staffing concerns, Renter says, \u201cI\u2019m certain the microscope the statistical agency is currently under was top of mind in this decision as well.\u201d<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">The CES is not as well known as some government measures, but plays an important role nonetheless. The report has been around since 1900, Renter says: \u201cOne of its primary uses today is in providing the weights for the CPI, or consumer inflation. By gathering data on how people allocate their spending across categories, the BLS knows how to weight category prices and better measure the impact of price growth on consumers.\u201d<\/span><\/p>\n<\/div>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">For more of Renter\u2019s analysis, <\/span><span class=\"_28z5Fp _3-to_p\">read on<\/span><span class=\"_28z5Fp _3-to_p\">. <\/span><\/p>\n<\/div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\" id=\"what-we're-reading-this-week:\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">What we\u2019re reading this week:<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<ul data-currency=\"List\" class=\"_2cGsD8\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Even in uncertain times, <\/span><a class=\"_28z5Fp _2JIHTU vLzrnO _3mJuQ4\" href=\"https:\/\/www.nytimes.com\/2025\/09\/20\/business\/splurging-spending-budgeting.html\" data-currency=\"Link\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><span class=\"_28z5Fp _3-to_p\">splurging can bring joy<\/span><\/a><span class=\"_28z5Fp _3-to_p\"> when done responsibly, according to Rachel Kramer Bussel in the New York Times.<\/span><\/p>\n<\/div>\n<\/li>\n<li class=\"_3ho7K- _1pCihN olf-Ig\">\n<li class=\"_3ho7K- _1pCihN olf-Ig\"><\/ul>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.nerdwallet.com\/article\/finance\/roundup-9-26-25\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Money news this week: The economy grew at an annual rate of 3.8% in the second quarter, according to the latest GDP estimate released Sept. 25. Consumer sentiment for September, as measured by the University of Michigan\u2019s index, declined about 5% from last month, according to the report released on Sept. 26. But current readings<\/p>\n","protected":false},"author":1,"featured_media":21238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[195],"tags":[2260,1616,4647,61,5168,3607,3126,97,8345],"class_list":{"0":"post-21237","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-break","9":"tag-ends","10":"tag-looms","11":"tag-news","12":"tag-roundup","13":"tag-shutdown","14":"tag-targeted","15":"tag-tax","16":"tag-ticketmaster"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/21237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21237"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/21237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/21238"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}