Money News this week:
According to, the economy increased by 3.8 % annually in the second quarter The latest GDP estimate It was released on September 25.
The emotions of consumers According to a report released on September 26, for September, the University of Michigan’s index has decreased by almost 5 % over the previous month.
Personal use costs, or PCE, is the priority of feed Measurement of inflation. The latest report released on September 26 shows that inflation is high and stable. In August, inflation increased by 2.7 % in the last 12 months. Basic inflation – minus food and energy – increased by 2.9 %.
Weekly The unemployment claims According to a report released on September 25, the number of new unemployment insurance claims filed last week for the week ended September 20 has decreased.
Dija Woo: Government may be closed
Congress, once again, is playing chicken with financial support for government programs, and the deadline for avoiding the government’s closure is a few days.
Every year, lawmakers are expected to pass 12 expenditure bills to run the federal government. These bills are not introducing new programs, paying for just what is in the books. And if the bills are not paid, things stop working.
For the past few funding bicycles-which begins annually on October 1st with the beginning of the new fiscal year-Congress relies on short-term stop gaps to avoid shutdown.
This time, as many times before, the lawmakers are cutting it closely. The Congress is on a holiday all week and the House Republican leaders have canceled its planned sessions on September 29-30. If lawmakers do not have an agreement to provide financial support to the government after the clock on midnight on October 1, we are looking at the shutdown.
What happens when the government is closed?
Even partial shutdowns will be messed up with some government agencies and operations. On Wednesday, the Office of Management and Budget issued a memo in which a memo was directed to consider large -scale firing.
During the shutdown, unnecessary services are suspended, hundreds of thousands of federal workers are incited without salary and have many effects.
Social Program: Social security, medical and medical will continue, but new claims of disability and alternative cards may be delayed.
Benefits of Eating: The additional nutritional aid program (SNAP) and the WIC program with it runs on emergency funds so the benefits will still be available, for now. The WIC could run after about 30 days and if the shutdown continues, Snap may also face pressure.
Trip: TSA agents and air traffic controllers are considered necessary so they will need to work without pay. In the past, the shutdown has resulted in workers being sick, resulting in delays and flight grounding.
Parks: The national parks can be completely closed or open in the garbage without such services.
Irs: The IRS will not be able to confirm Income and Social Security numbers, which delays mortgage and other loans approval – do not mention billions of dollars in tax return.
Schools will continue to go, students’ loans are still pending, Amtrak will still go and you will still receive mail. However, food and drug safety inspections can be slow.
Be up latest on the latest Here.
Video: Here is a piece of our smart mini -explainer on the looming shutdown.
Smart money: Here is the whole pod cast.
Ticket Master: Back to Hot Set
Once again with a potential shutdown, is there a problem that our divided political parties can agree?
The event’s ticketing giant, which is a direct Nation Entertainment Party, was a favorite target of the Biden administration, especially after the ticket system melted when Taylor Swift’s record -breaking Irsus tour seats were sold for the first time in 2022, with many speeding tickets. It gave rise to the Congress investigation and, finally, the Justice Department’s 2024 Anti -Trust suit, which is a temporary trial schedule in March 2026.
President Donald Trump has picked up a torch. On March 31, it signed an executive order that directed the Federal Trade Commission to “strictly enforce” the 2016 law, which targets a joint process with online ticket brokers: hundreds, even thousands, even thousands, proxy tickets – potentially purchased.
In August, the FTC sued a Maryland firm for the use of boats to score thousands of tickets for Swift and other high -level operations. According to a press release, and now the agency itself is being prosecuted directly, accusing the ticket master of “allowing the brokers to be largely harmonized and they have been allowed to harvest millions of dollars worth of tickets in the primary market.” Read all the whites.
Nerve tip: Although the ticket master is fighting fights on all fronts, ticket buyers are unlikely to change rapidly, and in the biggest cases, tickets are likely to be reduced. But fans are taking Take steps to give themselves the best opportunity Scoring tickets at a facial price.
New prices on drugs, domestic furnishings and trucks
President Donald Trump announced on social media on Thursday New taxes It will be implemented on October 1st. The list includes:
100 TE tariff on all branded pharmaceutical products. Only discounts will be for companies that actively build pharmaceutical manufacturing plants in the United States.
50 % tariff on all kitchen cabinets, bathroom ventiity and its affiliate products.
30 % tariff on upholsted furniture.
25 % tariff on heavy duty trucks.
Federal Tax credit for EV are out of the road
According to the auto industry site Cox Automoto, the electric vehicle market has been hoping so far in 2025, with sales of August 17.7 % during the year and 14.1 % higher than July sales. The sales of used EVs are also on the rise.
What happens after that? According to Cox Automoto: “, With the elimination of 7,500 privileges, the matter for EV now depends on the total cost of performance, technology and ownership rather than subsidy.” And for now, the prices of electric vehicles are much higher than gas -powered cars.
Nerve tip: Although the federal subsidy is coming to an end, some states still offer privileges. You can find your state Kelly Blue Book Site.
Prices of rising prices between Disney+ Kamil Fallout
On Wednesday, Disney+ announced It was hiking for his streaming subscriptions.
Disney+ (with advertising) will cost 99 11.99 in a month.
The cost of advertising -free premium plan a month. 18.99 or 99 189.99 in one year.
Bundle prices will also increase to stream subscribers:
Disney+ and Hollo bundles (with advertising) will increase from $ 10.99 to 99 12.99.
Disney+, Hulu and ESPN Select Bundle (with advertising). More than 16.99. Will increase to 19.99.
Disney+, Holo, ESPN Select Bundle Premium (only Disney+ and just advertised on the Hulu). It will increase from 26.99 to $ 29.99.
The increase in the price price fell into a difficult moment for the company. On Monday, the ABC, which is administered by the Disney -owned Nexus Star Media Group, announced the restoration of night TV host Jimmy Kamil after a temporary suspension. On September 17, the ABC pulled Kamel from the “indefinite period”, following the comments, which criticized Trump and his supporters in the wake of the murder of conservative activist Charlie Kirk.
Kamil’s suspension launched a protest with Disney+celebrity and with a social media boycott. On Tuesday night, Kamel returned to the air, receiving the show’s biggest audience in 10 years. But the dispute is not over yet. Some affiliated networks are still refusing to broadcast Kamel’s show. And in a letter sent to Disney on Wednesday, a group of investors is demanding more information as to why Kamil was suspended.
Purpted by key economic report BLS
Economists became frightened when the word spread for the first time that a key annual report of the Bureau of Labor statistics would be delayed. The BLS was about to release 2024 consumer expenses on Tuesday to the Survey (CES), and announced last Friday, September 19, that the report would be delayed – initially without explanation.
It raised concerns over the uncertainty of the data, which has been increasing since the firing of the Bureau’s Biden chief Erica Mac Center Ferr in August. On Monday, the BLS said the report was delayed as the bureau “discovered the contradiction” in the figures. The report will now be released on October 30.
“This is the case when an agency is struggling with staff and funds,” according to Nerid Walt’s senior economist Elizabeth tenants. The budget in the BLS has failed to maintain inflation over the past two decades. Also, before that, a part of it is 8 % less.
In addition to staff concerns, the tenant says, “I believe the decision agency is currently under influence in this decision.”
The CES is not as famous as some government initiatives, but however, it plays an important role. The report has been going on since 1900, the tenant says: “Today, a basic use of it is in providing weight for CPI, or consumer inflation. While collecting data on how people allocate their costs in their category, BLS knows how to weigh and increase prices on prices.”
For further analysis of the tenant, Read.
What are we reading this week:
Even at uncertain times, Spilling can bring happiness When done with responsibility, according to Rachel Cromar Busel in the New York Times.
