Fair 33°
Tag:

Federal Funding

News
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates. After three months of reductions, the Fed decided to keep the key interest rate target at 4.25 to 4.5 percent. The Fed announced the decision on Wednesday, Jan. 29, after its first meeting since President Trump returned to the White House. Chair Jerome Powell said the Fed is monitoring inflation and economic stability under the Trump administration. "We remain committed to supporting maximum employment, bringing inflation sustain…

SHARE

by Chris Spiker
News
Traffic Nightmare: Portions Of Route 78 Closed For $28M Repair Project Veteran's Day Traffic Nightmare: Portions Of Route 78 Closed For $28M Repair Project Veteran's Day
Traffic Nightmare: Portions Of Route 78 Closed For $28M Repair Project Veteran's Day It's going to be a Veteran's Day filled with congestion and delays on Route 78 Eastbound in Somerset County, the New Jersey Department Of Transportation announced. The left lane on the eastbound side will be closed from 5 a.m. to 5 p.m, on Saturday, Nov. 11 as construction continues on a bridge deck project.   The lanes will be closed before the Routes 78/287 interchange split with one through lane maintained. All Route 78 eastbound traffic will be directed to stay right, as the left two lanes over the temporary bridge in the median will be closed to make repai…

SHARE

by Sam Barron
Police & Fire
Central Jersey Firefighters Get $4M In Federal Funds To Boost Staffing Central Jersey Firefighters Get $4M In Federal Funds To Boost Staffing
Central Jersey Firefighters Get $4M In Federal Funds To Boost Staffing Perth Amboy Fire Department will receive $3.6 million in federal aid to increase staff, U.S. Congressman Frank Pallone, Jr. announced on Friday, Sept. 1. The federal funding comes from FEMA. Perth Amboy Fire Chief Edward Mullen said that with the funding "we will be able to hire 12 additional firefighters, increasing our personnel to 84,"  “This is wonderful news for Perth Amboy," Pallone said. "The federal funding will allow the city to maintain adequate staffing to meet the needs of the city’s growing population and keep residents safe and healthy.” 

SHARE

by Jon Craig
News
White House Declares These 5 NJ Counties Disaster Areas During January Nor'easter White House Declares These 5 NJ Counties Disaster Areas During January Nor'easter
White House Declares These 5 NJ Counties Disaster Areas During January Nor'easter President Joe Biden offered federal funding to five New Jersey counties declared disaster areas after being heavily affected by a winter storm last January, White House officials announced. Cape May, Morris, Ocean, Sussex, and Warren were made eligible on Wednesday to receive assistance from the Federal Emergency Management Agency (FEMA) on a cost-sharing basis for hazard mitigation measures. The Jan. 31 to Feb. 2 storm buried northern areas under several feet of snow while communities along the Jersey Shore were severely damaged by the tides. Additional designations may be made …

SHARE

by Cecilia Levine