The federal government’s long-awaited drug price negotiations are now underway. The government isn’t releasing its initial offers, but it has released the initial list of drugs in question. The final negotiated prices will take effect in 2026.
Many experts expect the Federal Reserve to begin cutting interest rates this year, but Chair Jerome Powell say the Fed isn’t ready to do so just yet. While prices aren’t rising as quickly as they had been, Powell says he wants to see more evidence that inflation is down and staying down.
Alaska Senate Advances Public-Sector Pension Plan to Address Recruitment and Retention Crisis | Anchorage Daily News
Alaska closed its public employee pension plan in 2006, and since then the state has struggled to attract and retain workers in important roles like teachers, firefighters, and police officers. A bill that would create a new pension plan is now making its way through the state legislature. It has passed the Senate and how heads to the House for further deliberation.
Loud Budgeting is In, Quiet Luxury is Out. Meet the TikToker Who Started the Financial Trend | CNN Business
You may have heard the term “quiet luxury,” but younger generations are starting to embrace its opposite—loud budgeting. It started out with a joke on TikTok, but creating a budget and being vocal about it with your friends is the new trend among those looking to get their finances in order.
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