News

In the second quarter, 138 contracts were sold—down 30% from the same period last year.

Personal spending rose 0.4% last month, while inflation increased 0.2% from July and 2.9% from August 2024.

The action comes on the heels of several significant ERISA class-action settlements in 2024 and 2025.

A memo from the OMB directs agencies to permanently lay off federal workers in programs that do not align with Trump’s priorities if the deadline to pass funding lapses.

Inflation-adjusted GDP, which measures the value of goods and services produced in the United States, increased at a revised 3.8% annualized pace—stronger than the previously reported 3.3% and a reversal of the economic contraction of the first quarter.

For investment-grade borrowers, “the timing could not be better. ... New-issue concessions are absent, with massive order books for every deal.”