Newsom orders government to consider AI harm in contract rules - newsfromthestates.com
Newsom orders government to consider AI harm in contract rules newsfromthestates.com
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U.S. economy adds stronger-than-expected 178,000 jobs in March
Data: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios The labor market snapped back with 178,000 jobs added in March, while the unemployment rate ticked down to 4.3%, the government said Friday. Why it matters : Hiring boomed after shedding jobs in February, suggesting a steadying labor market as the Iran war injected fresh uncertainty into the economic outlook. The data captures the first full month of hiring since the Iran war began, offering an early read on how businesses are responding to the shock. The economy added nearly three times as many jobs as economists expected. By the numbers: The Bureau of Labor Statistics said on Friday that the economy shed 133,000 jobs in February, 41,000 more than initially reported. Jobs growth was held down by a health care strike and cold
Federal Debt Management: Treasury Is Meeting Borrowing Needs but the Deteriorating Fiscal Outlook Poses Risks
What GAO Found Since fiscal year 2014, the Department of the Treasury has increased the size and frequency of its debt auctions to finance persistent government deficits and refinance existing debt. In fiscal year 2025, Treasury held 444 auctions of bills, notes, and bonds to borrow $1.9 trillion for government operations and refinance $9.1 trillion of maturing debt. Treasury issues debt on a regular and predictable schedule to minimize investor uncertainty. It also uses other strategies to help keep borrowing costs lower than they might otherwise be. New Borrowing and Refinancing of Treasury Securities, Fiscal Years 2014–2025 Treasury auctions continue to attract sufficient demand from a variety of investors. As of September 30, 2025, domestic investment funds—such as money market funds,
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