White House: Office of Federal Procurement Policy and SBA Reinforce Small Business Participation in Federal Contracting
Today, the Office of Management and Budget’s Office of Federal Procurement Policy and other members of the FAR Council, in close consultation with the Small Business Administration (SBA), released streamlined regulatory coverage on small business contracting. Small businesses are the cornerstone of the U.S. economy. The nation’s 34 million small businesses now account for well…
HUD and Census Bureau: New Residential Sales Report Issued for August 2025
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for August 2025: New Home SalesSales of new single-family houses in August 2025 were at a seasonally-adjusted annual rate of 800,000, according to estimates released jointly today by the U.S. Census Bureau and the…
Treasury: Readout and Recording from the Financial Literacy and Education Commission September 2025 Public Meeting on Payment Fraud Now Available
Yesterday, the U.S. Department of the Treasury hosted a convening of the Financial Literacy and Education Commission (FLEC) focused on federal efforts to combat payment fraud and implement Executive Order 14247, Modernizing Payments To and From America’s Bank Account, which mandates the transition to the use of electronic payments for federal disbursements and receipts beginning on…
FHFA: U.S. Federal Housing Completes Withdrawal from International “Greening the Financial System” Network
U.S. Federal Housing has formalized its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) in a letter to the Chair of NGFS. “Biden drove housing costs up with politicized nonsense that prioritized climate activists over American families,” said U.S. Federal Housing Director William J. Pulte. “Consistent with President…
ABA: Bank Economists Expect Credit Conditions to Face Continued Challenges over Next Six Months
Credit conditions are expected to soften over the next six months as the labor market weakens and inflation persists, according to the American Bankers Association’s latest Credit Conditions Index released today. ABA’s Credit Conditions Index is a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee (EAC)….
OCC: Mortgage Performance Report for Second Quarter 2025 Issued
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2025. The OCC Mortgage Metrics Report, Second Quarter 2025 showed that 97.5 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
ABA: ABA and State Bankers Associations Express Support for FDIC Indexing Proposal, Offer Recommendations in Joint Comment Letter
Today, ABA joined 52 state bankers associations from across the country in filing a joint comment letteron the FDIC’s proposal to begin indexing certain regulatory thresholds, applauding the FDIC’s effort to develop a sound and transparent framework while recommending methodological changes to ensure that indexing mechanisms are appropriately tailored to the nature and purpose of each…
ABA: Bank Economists See Slower Growth and Persistent Inflation
The American Bankers Association’s Economic Advisory Committee expects continued slow U.S. economic growth for the remainder of 2025 and a modest pickup in 2026. The group’s latest forecast released today indicates inflation will remain stubbornly high and above the Federal Reserve’s 2% inflation target. The committee, composed of 16 chief economists from some of North…
SBA: $1.1 Million Awarded to Support Made in America Manufacturing
E2G Grants will fund training for small manufacturers in critical industries Today, the U.S. Small Business Administration (SBA) announced it has awarded $1.1 million in grants to three applicant organizations who will provide training and technical assistance to support small manufacturers in the SBA’s Empower to Grow (E2G) Program. These qualified awardees will deliver regional support to small manufacturers in critical…
Treasury: IRS and Treasury Issue Proposed Regulations Around “No Tax on Tips” Deduction
Today, the Treasury Department and IRS issued proposed regulations identifying the occupations that customarily and regularly received tips before 2025, and therefore may be eligible for the deduction. The proposed regulations also address the definition of “qualified tips” and other requirements taxpayers must comply with to claim the deduction. “I took my first job as…