Today, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight .
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While there has been positive news about recent wage growth, looking back over the last 40 years reveals a different story for the average worker.
Americans and the economy are vulnerable to a series of high-stakes fiscal deadlines, with an uncertain path forward.
The national debt is on an unsustainable path.
Waiting to act raises the cost of stabilizing the debt.
Low-income seniors rely on Social Security benefits for a major share of their retirement income.
Student debt is second only to mortgage debt.
Since early 2010, total student loan debt has consistently outpaced other non-mortgage household debt.
CBO projects that interest rates will rise significantly from current levels.
Growth over the next few years is expected to slow as the recent fiscal stimulus wanes.