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OMB Grant Rule Faces 94% Opposition; BEA Lowers Core PCE

7/20/2026

30 4 Full Breakdown

Summary

Story summary

The OMB proposed a rule to overhaul federal grant award, administration and oversight.
From May 29 to July 9, about 51,000 comments were posted, 94% opposing the rule and 16% from form-letter campaigns.
The BEA announced a new method for the personal consumption expenditures price index, applying to August data released Sept 30, retroactively revising five years and lowering core PCE inflation by roughly 0.2 percentage point.

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Story summary

The OMB proposed a rule to overhaul federal grant award, administration and oversight.
From May 29 to July 9, about 51,000 comments were posted, 94% opposing the rule and 16% from form-letter campaigns.
The BEA announced a new method for the personal consumption expenditures price index, applying to August data released Sept 30, retroactively revising five years and lowering core PCE inflation by roughly 0.2 percentage point.