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Economy content
America’s Farms and Ranches at a Glance: 2024...
America’s farms and ranches are as diverse as the landscapes they cultivate, with family-owned operations making up 96% of all farms in 2023. While small farms dominate in numbers, large-scale…
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The Budget and Economic Outlook: 2025 to 2035
The latest Budget and Economic Outlook for 2025 to 2035 paints a challenging fiscal landscape. With the budget deficit projected to reach $1.9 trillion in 2025 and debt held by…
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Investing in American Competitiveness: U.S....
The United States is at the forefront of a technological and economic transformation, investing billions to revitalize domestic manufacturing, innovation, and national security. The CHIPS and Science Act has already…
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Enrollment in High-deductible Health Plans Among...
High-deductible health plans (HDHPs) are becoming a significant part of the health insurance landscape, with nearly 42% of privately insured Americans under 65 enrolled in one in 2023. While these…
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Couples’ Remote Work Arrangements and Labor Supply
The shift toward remote and hybrid work continues to reshape labor dynamics, particularly for couples navigating work-life balance. A new study finds that when both partners switch to hybrid work,…
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Concepts and Challenges of Measuring Production of...
Artificial intelligence (AI) is not just reshaping industries, it’s becoming an integral part of economic growth. While much attention is given to AI’s applications, understanding its production is equally crucial…
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OMB Memorandum: Temporary Pause of Agency Grant,...
Federal agencies are being directed to temporarily pause grant, loan, and financial assistance programs to ensure alignment with new administration priorities. This review aims to refocus federal spending on policies…
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Creating a Written Information Security Plan for...
The IRS Publication 5708 provides a practical guide to creating a Written Information Security Plan (WISP) tailored for tax and accounting professionals. Required by the Gramm-Leach-Bliley Act, a WISP outlines…
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IRS Update: Frequently Asked Questions About the...
The IRS has released updated FAQs on the Premium Tax Credit (PTC), clarifying key areas such as eligibility, affordability of employer-sponsored coverage, and how to reconcile advance payments. Notably, updates…
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CFPB’S Analysis of the First Seven Months of the...
The return to student loan repayment after a multi-year pause has revealed significant financial stress among borrowers. While nearly 40% of borrowers resumed making payments by April 2024, many continue…
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Semi-Annual Report of the Consumer Financial...
The Consumer Financial Protection Bureau’s (CFPB) latest report highlights a growing reliance on digital payment platforms and the unique risks they pose, particularly for servicemembers and underserved communities. From overdraft…
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Effects of Automatic Stabilizers on the Federal...
Automatic stabilizers, like unemployment insurance and tax adjustments, naturally respond to economic shifts, helping stabilize spending and income. During downturns, they reduce deficits by supporting households, while in expansions, they…
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Wealth of Households: 2022
Household wealth in 2022 highlights stark inequalities, with median wealth varying widely by age, education, and homeownership. Younger households had significantly lower median wealth compared to older ones, while homeowners’…
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Income, Poverty, and Health Insurance Coverage
The latest data shows U.S. income and poverty trends, along with insights into health insurance coverage. While income measures are adjusted for inflation, disparities persist across demographic groups. The Supplemental…
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Making Ends Meet in 2024
Financial well-being has declined across the board, with more households struggling to pay bills and fewer able to handle income interruptions. A striking 42% of households could cover expenses for…
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