Fresh Today

Fresh Today

WASHINGTON—The Federal Reserve kept its key interest rate unchanged on Wednesday and offered no indication of a rate cut in the near future, as President Donald Trump's tariffs increase the risk of both a surge in inflation and a potential recession.

 

WASHINGTON--The Treasury’s Community Development Financial Institutions (CDFI) Fund has numerous far-reaching benefits to underserved communities and should be fully funded, America's Credit Unions reminded in a letter to Treasury Secretary Scott Bessent.

WASHINGTON--Ongoing tax discussions—in advance of the anticipated release of the House Ways and Means Committee’s budget reconciliation legislation—is bringing credit union leaders to Washington for "consistent engagement" with members of Congress, America's Credit Unions noted.