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 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…

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…

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…

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…

While noting the upside to President Trump’s new executive order to expand home lending among community financial institutions, the Mortgage Bankers Association’s top executive added a…

U.S. Federal Reserve Chair Jerome Powell reacts during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy,…