In its proposed 2017 budget released yesterday, the White House Office of Management and Budget pegged the credit union tax exemption at $26.8 billion over 10 years. The estimate includes a projection of steady growth in the credit union industry, with the taxpayer subsidy growing from $1.7 billion last year to an estimated $3.6 billion by 2025.
FOMC sees ‘lack of further progress’ in reducing inflation
Citing a “lack of further progress” in recent months in dialing back inflation, the FOMC announced that it will maintain...