Economy

Economy downshifts, price gains moderate as Fed officials edge closer to curbing inflation.

The Inflation Reduction Act introduced a 10-year tiered implementation, significantly impacting Medicare. Key changes include a $35 insulin cost cap, expanded low-income subsidies, and a reduced Part D out-of-pocket cap.

U.S. Commerce Department awards $2.5M grant to Mashantucket Pequot Tribal Nation to study feasibility of a generic drug facility.

U.S. Secretary of Commerce announces $1.5 million EDA grant for infrastructure improvements in Conway, Arkansas, supporting economic growth.

U.S. Commerce Department awards $3m grant to Oklahoma Ordnance Works Authority to expand workforce training programs.

U.S. Secretary of Commerce announces $5.4 million EDA investment in New Mexico for economic and workforce development post natural disasters.

The U.S. Commerce Department awarded Perryton, Texas, $2.7 million to boost business recovery after recent tornadoes, creating a commercial incubator for affected businesses.

The U.S. Commerce Department has awarded Wynne, Arkansas, $1.2 million for road infrastructure improvements to support local business growth and community recovery after natural disasters.

White Earth Tribal and Community College receives $1.5M grant to boost nursing education, creating 44 healthcare jobs.

Terrebonne Parish, LA, receives $2.6M grant for water infrastructure to support new hospital, creating 150 jobs.

The U.S. Department of Commerce has announced a $2.3 million infrastructure grant to the Village of Ruidoso, New Mexico. The announcement came from U.S. Secretary of Commerce Gina Raimondo, who stated the award is aimed at supporting business and economic growth through roadway infrastructure improvements. The funds will facilitate the