Politics

The ongoing government shutdown prevented the Bureau of Labor Statistics from releasing its September jobs report Friday, but job growth appears to be softening. The lack of reliable government data comes as the Federal Reserve mulls further interest rate cuts. 

"It's likely going to be in the thousands," White House press secretary Karoline Leavitt told reporters on Thursday, saying that the "entire team at the White House" was working to identify possible cuts.

A stock offering or conservatorship exit could raise loan costs in some contemplated scenarios, a Stanford Institute for Economic Policy Research study finds.

Department officials pushed back on criticism that a banner on its homepage violated a statute meant to curb partisanship in government operations.

The first government shutdown since 2019 will slow flood insurance originations and new Small Business Administration loans, though self-funded banking regulators will continue operating as usual.

The Supreme Court said Wednesday that it would defer President Donald Trump's request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.

The shutdown started with a flight into treasury bonds, putting downward pressure on financing costs, but several other developments slowed mortgage activity.

Hill, who has been serving as acting chair since January, has steered the agency toward deregulation and away from Biden-era priorities, with strong backing from big banks.

In a complaint filed in Virginia federal court, the FTC said the partnership would reduce the number of websites offering apartment listings, leaving consumers with fewer places to search.

The FHA extended the mandatory implementation date for technical updates but things are still changing on Oct. 1, when the government could shut down.

The Consumer Financial Protection Bureau's union is appealing an appellate panel's ruling that allows acting CFPB Director Russell Vought to fire 90% of the bureau's staff.

Legal experts say the outcome of Slaughter v. Trump, which considers Trump's termination of a Federal Trade Commission member, could have profound implications for Federal Reserve Governor Lisa Cook's litigation, which in turn could determine the future autonomy of the central bank.

A potential government shutdown could create unprecedented risks for housing, delaying data releases, and affecting markets more than past shutdowns.

Washington Federal Bank and Planet Home Lending are both off the hook for the remainder of their consent orders, which the bureau quietly terminated.

Senate Banking Committee ranking member Elizabeth Warren, D-Mass., led a group of congressional Democrats in a letter to bank regulators telling them that loosening capital rules wouldn't improve the Treasury market's functioning.

The Fed should consider actively selling its mortgage-backed securities holdings, according to the Federal Reserve's vice chair for supervision.

The Trump administration's exploration of a public offering tied to the government-sponsored enterprises spurred debate at a Bipartisan Policy Center event.

The CDFI Fund is updating definitions of eligible activity to be considered for the funds, including removing climate-focused financing and references to race and ethnicity.

The push by some Trump officials to bring charges against James had stalled as former U.S. Attorney Erik Siebert determined their wasn't enough evidence.

The top Senate Democrat pressed Treasury Secretary Scott Bessent for more details about the Trump administration's efforts to take the mortgage giants public.