The administration’s 10% equity stake in Intel looks like an embrace of state capitalism, but economist Mariana Mazzucato warns the move is unaligned with any strategy.
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The CDFI fund supports mission-driven lenders operating in rural, tribal, and otherwise underserved parts of the country. Last year, it awarded over $400 million to those institutions.
The Fed’s balance sheet, mentioned by Jerome Powell this week, tracks what the Fed owns and owes. And the Fed has stopped its buying spree, mostly to reduce its influence on the market.
As the government shutdown wears on, federal employees have begun to miss paychecks. But contract workers at government facilities face different repercussions.