Democrats warn next century will crowd schools nationwide
The Education Department forecasts 53 million students in K-12 this fall, a new record, with growth projected to 94 million by 2100. Democrats push for $24.8 billion to fund school construction and teacher hires, urging Congress to act as Republicans resist. California, Texas, and New York lead enrollments. growth strongest in Nevada, Arizona, Florida.
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Fed on hold for august as inflation fears ease
Economists expect the Federal Reserve to keep rates unchanged through August and perhaps the rest of the year. Analysts cite slowing growth, productivity gains, and limited inflation pressures. Stocks rose on the view that policy will stay steady despite election season.
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Interest rates rise on Treasury securities at auction
Short term Treasury bills climbed in Monday's sale with three month bills at 6.110 percent discount, the highest since January 1991, while six month bills sold at 6.090 percent. The implied yields for a $10,000 three month bill hit 6.291 percent and six month at 6.371 percent. Separate figures show year Treasury bills at 6.21 percent last week from 6.17 percent.
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State department defends exercises with South Korea
The State Department defended US South Korea drills as non provocative amid North Korean criticism. Officials noted Pyongyang conducted its own exercises. South Korea called the drills defensive and scaled back the 12 day Ulchi Focus Lens to ease tensions, canceling amphibious landings and mock air raids.
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