Tag: economy
-
Treasury Secretary Bessent calls for looser regulations for the U.S. financial system
WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent is proposing to overhaul a regulatory panel that monitors the nation’s financial stability, by advocating for looser regulations. The Financial Stability Oversight Council, a U.S. body created in the wake of the 2008 global financial crisis, monitors risks to the financial system and coordinates regulators’ approaches to…
-
Federal Reserve cuts key rate but signals higher bar for future reductions
WASHINGTON (AP) — The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. In a statement released after a…
-
Colorado’s job growth slows, though economists don’t anticipate a recession
Preliminary estimates show Colorado’s job growth slowed more than expected this year and 2026 could also see slower growth, according to the annual economic outlook from the Business Research Division at the University of Colorado Boulder released Monday. But sluggish growth doesn’t mean there will be a recession in 2026, economists said. Employment in the…
-
Once a step ahead, Colorado’s economy cools, burdened by rising costs and regulations | FISCAL ROCKIES
—
by
Editor’s Note: Once among the nation’s fastest-growing economies, Colorado today confronts mounting challenges that threaten its momentum. This series reveals how a state once defined by prosperity is navigating economic cliffs and ridges. We explore the impact that increased regulations, tariffs, shifting tax policies, the high cost of living and widening urban–rural divides have on businesses,…
-
Closing a processing plant hits a community hard
Black Swan is apparently on the menu this holiday season for people across the cattle and beef value chains. Last week, Tyson announced the closure of a processing plant in Lexington, Nebraska. This plant processes about 5,000 head of cattle daily and employs over 3,200 people. In a town like Lexington, this closure realistically directly…
-
PERSPECTIVE: Budgeting for reality
At the dawn of the next Colorado budget cycle, it behooves state legislators to ask: Just what exactly is in store for the Centennial State down the economic road? The answer to that question is the key to funding a realistic budget. Colorado’s economy was growing at one of the nation’s fastest clips in the…
-
One issue is uniting Americans in a time of polarization, according to a new poll
DES MOINES, Iowa (AP) — Pessimism about the country’s future has risen in cities since last year, but rural America is more optimistic about what’s ahead for the U.S., according to a new survey from the American Communities Project. And despite President Donald Trump’s insistence that crime is out of control in big cities, residents…
-
The Supreme Court is expected to say whether full SNAP food payments can resume
It’s up to the U.S. Supreme Court and Congress to decide when full payments will resume under the SNAP food aid program that helps 1 in 8 Americans buy groceries, as some wonder how they will feed their families without government assistance. The Supreme Court is expected to rule Tuesday on a request from President…
-
Speaker Johnson says House will return to Washington for voting on shutdown deal
WASHINGTON (AP) — Speaker Mike Johnson said Monday that House lawmakers should start returning to Washington “right now” after a small group of Senate Democrats broke a 40-day stalemate late Sunday evening and voted with Republicans to move forward with legislation that would end the government shutdown. It is unclear when the Senate will hold…
-
Trump ramps up new effort to convince skeptical public he can fix affordability worries
WASHINGTON (AP) — President Donald Trump is adjusting his messaging strategy to win over voters who are worried about the cost of living with plans to emphasize new tax breaks and show progress on fighting inflation. The messaging is centered around affordability, and the push comes after inflation emerged as a major vulnerability for Trump…