July 29, 2025

federal

Funds

Trump administration to unfreeze $118M in Tennessee education funds

Senators grill Education Secretary Linda McMahon over proposed cuts Education Secretary Linda McMahon testified to Congress over proposed budget cuts. After a monthlong delay, more than $118 million in federal K-12 funds will be released to Tennessee. The Trump administration missed a deadline to allocate $6.2 billion in funds nationwide, saying it was due to

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Funds

Palm Beach will apply for federal funds to cover Trump security costs

100 days of Trump: 3 key changes impacting people across America 100 days after returning to power, Donald Trump is charging ahead with tariffs, an immigration crackdown and federal cuts, including dismantling DEI. The “One Big Beautiful Bill Act” appropriates $300 million for security reimbursements to communities where Trump has properties. Expenses incurred on or

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Funds

Local station KCLU to fundraise for loss of federal funds

Senate passes bill to cut funding to public broadcasting The bill to cut more than $9 billion from public broadcasting, foreign aid and more will move on for a final House vote, then to the president. The rescission bill passed by Congress ends funding for the Corporation for Public Broadcasting, including NPR and affiliates. KCLU

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Investors

Why the stock market rally may mislead investors in 2025

Manali Pradhan  |  The Motley Fool Vance calls crypto ‘hedge’ against inflation, bad policies Vice President JD Vance said Bitcoin’s independence offers access to those denied banking over political beliefs, including support for gun rights. Investors have gotten good news lately. The U.S. stock market reacted positively to a stable unemployment rate of 4.1 % in

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Funds

Federal after-school program funds frozen in Cottonwood, Anderson

Senators grill Education Secretary Linda McMahon over proposed cuts Education Secretary Linda McMahon testified to Congress over proposed budget cuts. Two Shasta County high schools re-examine after-school programs in wake of federal funding freeze The freeze affects roughly $339,000 allocated for high schools in Cottonwood and Anderson Students at two Shasta County high schools may

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Funds

Lower Hudson NY after-school programs in danger as federal funds stop

President Trump’s big bill passes Senate with help from JD Vance President Donald Trump’s amended bill was narrowly passed by the Senate, with Vice President JD Vance’s vote breaking the 50-50 tie. The Trump administration may eliminate federal funding for the 21st Century Community Learning Centers, impacting after-school programs nationwide. The cuts will affect nearly

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Investors

As Trump lobs criticism at the Fed, investors watch and wait

Benzinga  |  Detroit Free Press Trump slams Fed chair as interest rates hold steady amid tariff fears President Donald Trump criticized Federal Reserve Chair Jerome Powell after the Fed held rates steady, citing risks from Trump’s expanding tariffs. The president labeled Fed chair Jerome Powell ‘too late’ and ‘an American disgrace,’ arguing that the Fed’s

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Mortgage

Mortgage rates likely to stay high through summer analysts say

See the most expensive homes sold in the Des Moines metro in 2024 A look at the most expensive homes sold in Polk, Dallas, and Warren counties. Home mortgage interest rates are unlikely to drop anytime soon, despite comments by the Chicago Federal Reserve CEO during a recent Des Moines visit that rates could drop

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Banking

The truth about these 4 common banking myths

Erin El Issa  |  NerdWallet The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Banking misconceptions abound, according to a new NerdWallet survey. The survey of more than 2,000 U.S. adults, conducted

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Funds

Federal worker alleges financial improprieties at major union chapter

A union representing 150,000 federal workers faces allegations of financial improprieties at one of its chapters. In an era of mass federal layoffs, here’s why it matters. The labor union that represents more than 450 train engineers for New Jersey Transit walked off the job after contract talks stalled. The labor union that represents more

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