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Technology · Space workforceThe White House has ordered a plan for a United States Space Academy, and the academy itself does not exist yet
Executive Order 14423 creates a NASA-led commission and gives it 120 days to propose a federal space academy. The order does not establish the school, choose its site or provide funding.
The White House has created a commission to design a proposed United States Space Academy, with the NASA administrator as its chair. Executive Order 14423 was filed for public inspection at 11:15 a.m. Wednesday.
The academy does not exist yet.
The commission has 120 days from the order's August 28 date to submit a plan. It must address governance, degree programs, leadership training, graduate service in the military or civilian government, applicant requirements, a permanent location and the legislation needed to put the proposal into effect.
Southwest Florida
Naples, Fort Myers, Cape Coral and the rest of Collier and Lee
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Cape Coral
Cape Coral put the SW 11th Avenue boil water area back on its active map under a new city record
What it changes →
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Cape Coral
Cape Coral lifts the boil water notice near SW 3rd Avenue after the city records a rescission Wednesday morning
What it changes →
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Cape Coral
Cape Coral lifts the boil water notice near SE 30th Terrace after the city records a rescission Wednesday morning
What it changes →
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Lehigh Acres
A pedestrian died after Tuesday's crash at Lee Boulevard and Archdale Street in Lehigh Acres
What it changes →
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Economics
Euro area inflation rose to 3.3 percent in August, and energy supplied the increase while the rate excluding it stayed at 2.2 percent
What it changes →
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Economics
Australian dwelling approvals fell 3.6 percent while non-residential building value rose 14.4 percent
What it changes →
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Economics
Australia's current account deficit widened to A$27.2bn as fuel and vehicle imports rose
What it changes →
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Economics
Korea's August exports reached $98.25bn as semiconductor shipments set another record
What it changes →Money & World reporting
Our own analysis, with the data published alongside it
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Technology
The school broadband subsidy is funded by a shrinking slice of the phone bill
The familiar federal Universal Service charge is not a tax on the whole phone bill, carriers do not have to show it as a separate line, and E-Rate receives only one part of the fund. USAC invoice data shows what schools and libraries have actually collected.
What it changes →
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SW Florida
Florida finally counted HOA fees. In Collier County, the median is $529 a month
The first federal county data puts the median required association fee at $529 in Collier and $411 in Lee. It also shows why every statewide average needs a warning label.
What it changes →
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Small Business
They were paying for the whole floor and using two thirds of it
An enterprise software firm that negotiated a 12 percent rent demand down to 7 and then realised the rate was the smaller problem, a wholesaler carrying 25 to 30 percent unused space month after month, and a retailer who signed for nothing at all.
What it changes →
The IRS has filed ten corrections to its one-month-year foreign tax proposal, and one of them turns the last day of a partnership's year into the first
Ten corrections to the section 898(c) and 960(d)(4) proposed regulations published on 3 August. One reverses a timing test, one redirects the cross-reference the small-entity analysis relies on. Comments still close 17 September.
What it changes →The rule governing arbitration of out-of-network medical bills took effect on 3 August with the paragraph making the arbitrator's decision binding missing from its text
The IRS is telling the people who took an extension not to wait for 15 October, and Free File stays open to them at an income of $89,000 or less
Oklahoma voters have refused, by close to three to one, to let their Legislature decide what local government gets paid back for a five year manufacturing tax break
The dollar figure that decides whether a federal contractor has to keep its books the government's way has gone from $2.5m to $35m
The Cost Accounting Standards Board filed a final rule on Monday lifting the basic applicability threshold from $2.5m to $35m, full coverage and Disclosure Statements from $50m to $100m, and agency waiver authority from $15m to $100m.
What it changes →Deloitte will pay $21.5m to close a False Claims Act case over the anti-discrimination clause in its federal contracts, and the group that brought it takes exactly one fifth
Syntec Optics dismissed its auditor on the same day it appointed the next one, and the five material weaknesses named in the filing are the five it disclosed in March
Intuit will stop taking share-based compensation out of its adjusted numbers, and the fiscal 2027 guidance it published on Tuesday is measured against a base $2,056m lower than the one it reported
SEC and FDA open a nonpublic information channel for filing reviews and enforcement
A signed three-year agreement lets the SEC use nonpublic FDA records in public-company filing reviews and enforcement matters, subject to statutory and confidentiality limits.
What it changes →U.S. investors held $19.3tn of foreign securities at year-end, up $3.5tn in a year
SLB is paying $3.4bn for a cooling company and taking on another $700m of debt to move deeper into data centres
Boeing renewed $10bn of committed bank credit on Friday and accepted something that was not in the old agreements: a promise to keep $5bn of liquidity
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Japanese corporate profits rose 24.6 percent in the second quarter, while investment rose 1.6 percent and manufacturers cut it
Ordinary profits excluding finance and insurance reached 44.7 trillion yen, up 24.6 percent from a year earlier. Plant and equipment investment rose 1.6 percent overall but fell 3.7 percent in manufacturing.
What it changes →German inflation went up a tenth in August, core inflation did not move and services fell again, and energy at 10.5 percent accounts for the whole of it
Texas factory orders jumped sixteen points in August, and the survey's employment index went the other way
China's new orders and its factory-gate prices both crossed back above 50 in August, the headline manufacturing index did not, and the employment readings kept falling
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U.S. forces began new strikes on IRGC targets in Iran as the Strait of Hormuz confrontation resumed
U.S. Central Command said American forces began striking Islamic Revolutionary Guard Corps targets in Iran at noon Eastern after attempted attacks on shipping and U.S. personnel.
What it changes →Canada's CPTPP ratification now gives Britain access to the trade bloc's final market, with business visits extended to six months
South Korea's broadcasting regulator has cut three months off the approval terms of two news channels, and it says their largest shareholders are the reason the law is not being followed
The flags came down on Wednesday, and the proclamation that ordered it reached public inspection at a quarter past eleven this morning, five days before it lifts
Britain opened four public service competitions under a £100m AI fund, but it has not said how much any winner can receive
The first Sovereign AI competitions cover NHS productivity, computing efficiency, defence systems and AI agent security. Winners may receive upfront payments and retain their intellectual property, but the government supplied no award sizes or deadline.
What it changes →The trade commission has opened an investigation into whether Apple's phones and watches infringe a Santa Monica company's contact-swapping patent, and the complainant wants them kept out of the country
Marvell paid out more in share compensation last quarter than it reported in profit, and the adjusted figure it prefers is 2.8 times the one it filed
The blight-tolerant American chestnut that USDA deregulated today is not the tree the petition asked about, and a labelling error in 2016 is the reason
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A price index the Bureau of Labor Statistics stopped publishing has changed how HUD sets the rent ceiling for every voucher in the country
HUD filed its FY 2027 Fair Market Rents notice on August 31, effective October 1. The utility half of the inflation factor is now built from state level Energy Information Administration prices instead of a discontinued local CPI.
What it changes →Social Security has withdrawn the 1990 ruling that governed how rental subsidies count against SSI, and the withdrawal changes nothing for anyone
The State Department wants Americans abroad to renew passports online, and of the $148.7m a year it counts as the benefit, $19m is calculated on them
The Labor Department has spent almost six years clearing a Puerto Rico 401(k) plan's sale of stock rights that raised $6,550.33 for its members
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The honey levy is rising by half a cent a pound in two steps, and of the forty comments against it exactly one came from somebody who pays it
The National Honey Board assessment goes from 1.5 cents a pound to 1.75 on 1 September and 2 cents on 1 January 2027. It is owed only above 250,000 pounds a year.
What it changes →Intrusion borrowed $1.5m to buy the last 40 percent of a company it already controlled, and if the note is still outstanding in 90 days the balance becomes $1.9m
The Small Business Administration has rescinded the promise it made in 1971 to take public comment on its loan and grant rules, and it priced the comment writing it will no longer read at $4,311 a year
The Postal Service is raising the price of every domestic shipping product it sells by 6.0 percent for the fifteen weeks that cover the holidays, and rolling them back on 17 January
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The Mint has set prices for three 2026 products, and the price of the gold one is to be determined
A United States Mint notice sets retail prices effective 14 August. The 25 coin roll works out at $2.44 a coin and the 100 coin bag at $1.545. The gold proof coin is listed as TBD.
What it changes →Import restrictions on Nepali antiquities take effect the day they print, and the five year term they run on started seven months ago
An unrestored Mustang Boss 429 brought $1,045,000, a record for the model, at Barrett-Jackson's first Columbus auction
Hagerty's market rating slipped to 58.59 as the gap between blue chip cars and the rest widened to 27 points
Treasury yields
| Maturity | Yield | Change |
|---|---|---|
| 3-MO | 3.92% | +1bp |
| 6-MO | 4.00% | +1bp |
| 1-YR | 4.18% | +2bp |
| 2-YR | 4.39% | +5bp |
| 3-YR | 4.46% | +6bp |
| 5-YR | 4.55% | +6bp |
| 7-YR | 4.66% | +4bp |
| 10-YR | 4.79% | +4bp |
| 20-YR | 5.27% | +3bp |
| 30-YR | 5.27% | +2bp |
US Treasury par yield curve · Sep 1 · Source: U.S. Treasury. Changes in basis points against the previous session.
Why we track the curve
We put the number in front of you that actually reaches your life. The Treasury yield curve sets the mortgage you are offered, the yield on your bond ladder, and the interest the federal government owes on the national debt. It is the price of money itself.
A stock index tells you how a basket of large companies traded today. The curve tells you what borrowing costs, everywhere it touches you. It is published in full by the Treasury that issues the debt, so every figure we show can be checked against the source. That is the kind of number we would rather show you.
