Western Australia's government is urging the federal government to release funds from the National Reconstruction Fund to support Collie's transition away from coal. Despite nearly $700 million in state funding, concerns remain about re-employing 1,300 workers before the industry's 2030 closure.
The Federal Reserve's latest projections indicate one rate increase in 2026, with the median forecast for the federal funds rate to end the year at 3.8%. Fed Chair Kevin Warsh abstained from submitting his own forecast, citing a desire to overhaul the central bank's communication strategy.
US Democratic lawmakers met with Puerto Rican mayors to address concerns about slow recovery from hurricanes and earthquakes. They pledged to push for faster reimbursements and project approvals, citing issues with federal funding disbursement and FEMA staffing.
US Democratic lawmakers met with Puerto Rican mayors to address concerns about slow recovery from hurricanes and earthquakes. They pledged to expedite reimbursements and project approvals, citing issues with FEMA staffing and past policy delays. Despite billions allocated, significant funds remain undisbursed due to ongoing challenges.
Market analyst Lawrence Lepard predicts new Fed chair Kevin Warsh will cut interest rates in 2026, citing AI productivity and transitory inflation, despite market consensus for hikes. President Trump's focus on "growth" and managing national debt also suggests a lower rate regime.
Kevin Warsh, ex-diretor do Fed e economista, foi nomeado por Trump para presidir o banco central americano. Sua nomeação, aprovada pelo Senado, ocorre após críticas de Trump à política de juros de Jerome Powell.
Treasurer Jim Chalmers will reveal details of the $2 billion fund in Tuesday's federal budget, declaring the cash injection will add an extra 65,000 homes over a decade.
Three Senate Republicans announced legislation for $400 million in federal funding to build a White House ballroom, following a shooting incident at the White House Correspondents' Dinner. Sens. Lindsey Graham, Katie Britt, and Eric Schmitt said the project is vital to national security. A federal judge blocked construction earlier this month, ruling Trump had not secured Congressional authorization. Trump immediately called for the ballroom after the shooting at the Washington Hilton Hotel, where the alleged gunman was stopped by Secret Service.
