Shutdown Deepens Air Traffic Controller Shortages, Delays Climb

 

Air traffic controller shortages tied to the government shutdown disrupted travel, prompting a ground stop at Los Angeles International Airport and staffing shortfalls at six airports by Sunday noon, transportation secretary Sean Duffy said. The FAA logged 22 shortage “triggers” Saturday—among the highest since October 1—as controllers work unpaid, take...

USDA: No November Food Benefits During Shutdown

 

The USDA said Saturday it will not issue November food benefits amid the federal shutdown, now in its 25th day, saying "the well has run dry," as Congress remains at an impasse. The announcement followed a push by more than 200 House Democrats to use emergency reserves, but a memo...

SNAP faces shutdown as funding warnings mount

 

As a federal shutdown drags on, advocates warn that SNAP benefits could be halted on 1 November, imperiling food aid for 42 million people. The USDA has told regional directors to hold payments “until further notice,” even as more than 200 Democratic lawmakers urge the agency to tap contingency funds....

SSA sets 2.8% 2026 COLA increase

 

Social Security benefits will rise 2.8% in January, adding $56 a month for 75 million recipients, the Social Security Administration said Friday. The 2026 cost-of-living adjustment edges above last year’s 2.5% increase; over the past decade, COLA has averaged 3.1%. The announcement followed September inflation data that ticked up to...

Inflation Eases; Social Security Benefits Rise

 

Inflation cooled slightly in September, with consumer prices up 3.0% year over year and 0.3% on the month, undershooting forecasts, the Bureau of Labor Statistics reported Friday. The release arrived nine days late due to the government shutdown, which has sidelined most economic reports and left the Federal Reserve missing...

Social Security COLA Rises, Medicare Costs Loom

 

Social Security beneficiaries will get a 2.8% cost-of-living increase next year, the Social Security Administration said, after a shutdown-delayed inflation report. The COLA, taking effect in January, applies to about 75 million people and will lift the average monthly payment by roughly $56; the taxable wage cap will rise to...

Stocks Climb as Tamer Inflation Lifts Rate-Cut Bets

 

Wall Street futures rose early Friday after a delayed inflation report showed prices climbed less than feared, bolstering expectations for a Federal Reserve rate cut next week. The 10-year Treasury yield slipped to 3.97% from 4.01%. Consumer prices rose 3% year over year in September, with core inflation also at...

Inflation hits 3% as Fed meeting nears

 

Annual inflation ticked up to 3% in September, from 2.9% in August, even as monthly price growth eased to 0.2% from 0.3%, the Bureau of Labor Statistics reported amid a government shutdown that has halted most federal data. Housing, airline fares, recreation, household furnishings and apparel rose. Consumers face rising...

Companies absorb tariffs, eye gradual price hikes

 

Goldman Sachs says firms passed 37% of new tariffs to consumers, pushed 9% to suppliers and absorbed 51% — a hit big enough to reverse inflation’s fall, yet less pass-through than at the same point in the prior tariff burst. Companies from Nike and Mattel to Raytheon and 3M report...

Inflation Cools; CPI Misses Forecasts in Shutdown

 

U.S. inflation cooled in September: consumer prices rose 0.3% on the month and 3% year over year, both below forecasts, the Bureau of Labor Statistics said during the government shutdown. Core CPI increased 0.2% monthly and 3% annually. Gasoline jumped 4.1%, food rose 0.2%, and shelter costs edged up 0.2%....