May 15, 2024

Why an important inflation measure leaves out borrowing costs

Stefani Reynolds/AFP via Getty Images

Borrowing costs for things like car loans and mortgages aren't included in the consumer price index. Why?

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Proposed guidance on AI

by Nova Safo

On Tuesday, a bipartisan group of senators released recommendations around the development of artificial intelligence. They want the federal government to spend about $30 billion over three years on shaping technology that could bring great bounty — but could also cause great harm.

artificial intelligence

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Why isn't the cost of borrowing money included in the consumer price index?

by Nancy Marshall-Genzer

May 15, 2024

Loans are a big cost, but they would muddle the data in the CPI. Fed rate hikes would essentially create inflation, despite their intention.

Borrowing is a major expense for many Americans. One example is the interest on car loans.

Justin Sullivan/Getty Images

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End of pandemic funding forces some schools to consider cutting teachers, programming

by Stephanie Hughes

May 15, 2024

School districts across the country have relied on a combined $190 billion in federal money for more than three years. But time’s up: the funds have to be accounted for by Sept. 30.

Schools must account for pandemic relief funds by Sept. 30,

Jon Cherry/Getty Images

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The team

David Brancaccio Host

Leanna Byrne Host, BBC

Kelly Silvera Executive Producer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Alex Schroeder Producer

Ariana Rosas Producer

Dylan Miettinen Digital Producer

Jesson Duller Media Producer

Nic Perez Director/Producer

James Graham Producer, BBC

Jo Critcher Producer, BBC

Naomi Rainey Producer, BBC

Lis Mahy Producer, BBC

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