Featured Stories
National Gallery of Art: Women and the Index of American Design
WASHINGTON, Aug. 1 -- The National Gallery of Art issued the following news release on July 31, 2026:
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Women and the Index of American Design
National Gallery of Art, Washington, January 16-June 6, 2027
Between 1935 and 1942, the US government commissioned over 18,000 watercolors from roughly 1,000 artists to create a comprehensive visual resource of American folk, decorative, and industrial art. Known as the Index of American Design, the initiative was one of many Federal Art Projects undertaken during the Great Depression. The project sought to document and preserve an ancestral aesthetic
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WASHINGTON, Aug. 1 -- The National Gallery of Art issued the following news release on July 31, 2026:
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Women and the Index of American Design
National Gallery of Art, Washington, January 16-June 6, 2027
Between 1935 and 1942, the US government commissioned over 18,000 watercolors from roughly 1,000 artists to create a comprehensive visual resource of American folk, decorative, and industrial art. Known as the Index of American Design, the initiative was one of many Federal Art Projects undertaken during the Great Depression. The project sought to document and preserve an ancestral aestheticfor the United States, and to provide a foundation for building a truly American modern art tradition. The National Gallery of Art became the steward of this important collection in 1943. The first exhibition to focus on women's contributions to the project, Women and the Index of American Design showcases some 60 watercolors made by some 50 of the women who played a pivotal role in this patriotic effort. In addition, the exhibition will feature archival material, photographs, and technical studies from the project.
The focused installation highlights watercolors by Hal Blakeley, Rose Campbell-Gerke, Lucille Chabot, Suzanne Chapman, Dorothy Hay, Elizabeth Moutal, Selma Sandler, and Carmel Wilson, among others. The watercolors capture household objects selected as emblems of American design history--including embroideries, quilt designs, toys, and weather vanes. Carefully rendered and richly colored, these works reflect the objects' original purpose and serve as a lasting visual record of the evolution of American design.
About the Index of American Design
The Index of American Design was an ambitious, government-sponsored, national art project that operated under the auspices of the Federal Art Project of the Works Progress Administration. Described as a "great collaborative enterprise" by Holger Cahill, director of the Federal Art Project, the Index was active in 34 states and the District of Columbia between 1935 and 1942. It engaged some 1,000 artists--many struggling to find work during the Great Depression--who executed more than 18,000 watercolor renderings of applied, decorative, and folk art objects. This comprehensive, researched, visual resource charts the development of American design from the colonial period through the 19th century, identifying sources and trends while preserving design history.
Through every phase of the project, women played a central role. Artist Ruth Reeves (1892-1966) conceived the Index in collaboration with Romana Javitz (1903-1980), picture librarian at the New York Public Library. The renowned cultural historian Constance Rourke (1885-1941) served as the Index's first national editor, directing the selection and research of objects to be illustrated. Artist-illustrator Suzanne Chapman (1904-1990) was primarily responsible for codifying and teaching the watercolor techniques used to ensure the accuracy and consistency of the renderings. The Index offered more opportunities to more American women artists than other programs in the Federal Art Project did, including leadership roles as state supervisors. More than 300 women artists created renderings for the Index.
Exhibition Organization and Support
Women and the Index of American Design is organized by the National Gallery of Art, Washington.
Exhibition Curator
The exhibition is curated by Amy Johnston, associate curator, division of prints and drawings, National Gallery of Art.
In the Library: Reimagining America by Design
The National Gallery of Art Library presents In the Library: Reimagining America by Design, a collaboration with the Corcoran School of the Arts & Design at George Washington University that began in spring 2026 and continued through the summer. The students used the Index of American Design collections and related resources held in the National Gallery of Art Library and the National Gallery's archives to pair reproductions and archival materials with their own drawings, 3D- printed replicas, and trading cards. In the final group projects, students were asked to design installations for the library cases at the National Gallery. The initial concepts resulted in two separate themed installations.
The first, Research & Process (August 31-October 30, 2026) presents a selection of discoveries the students made while working with the Index of American Design. Focusing on the learning and research methodologies developed in their course, the students combined information from the library and archives with their own materials. Work & Play (November 2-December 31, 2026) explores a selection of objects from the Index of American Design that were made for children. It combines reproductions of the Index of American Design watercolors, archival photos and data sheets from the archives, brochures and catalogs from the library with the students' reinterpretations of these objects.
Organized by the National Gallery of Art, Washington, this installation is curated by Jet Inglis, Gabi Maldonado, Gigi Pilla, Abby Turner, Sophia Wegmann-Gatarz, and Polyxeni Ziazia in collaboration with Kara Braciale, professorial lecturer at the Corcoran School of the Arts & Design at George Washington University and Matthew Westerby, digital research officer for the Center for Advanced Study in the Visual Arts at the National Gallery of Art.
In the Library: Reimagining America by Design is on view from August 31-December 31, 2026, in the East Building Library Atrium from 11:00 a.m. to 4:30 p.m., Monday through Friday, except federal holidays.
On October 3, from 1 p.m. to 3 p.m., the National Gallery will host a hands-on event, Improve the Internet: Drop-in Wikipedia Editing, as part of First Saturdays. Explore the various collections, archives, and library resources that inspired our student curators--and any other resources that inspire you. Bring a laptop, mobile device, or use our computers to edit art-related Wikipedia pages. Volunteers from Wikimedia DC will be on-site for tips and guidance.
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About the National Gallery of Art
The National Gallery of Art welcomes all people to explore art, creativity, and our shared humanity. Millions of people come through its doors each year--with even more online--making it one of the most visited art museums in the world. The National Gallery's renowned collection includes over 160,000 works of art, from the ancient world to today. Admission to the West and East Buildings, Sculpture Garden, special exhibitions, and public programs is always free.
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Original text here: https://www.nga.gov/press/women-and-index-american-design
Founding Gift Establishes Smithsonian STARS Program in Delaware in Honor of Rev. Barbara Louise Hebner
CAMBRIDGE, Massachusetts, Aug. 1 -- The Harvard-Smithsonian Center for Astrophysics issued the following news release:
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Founding Gift Establishes Smithsonian STARS Program in Delaware in Honor of Rev. Barbara Louise Hebner
The gift will provide telescopes and lesson plans for each rural public school in Delaware
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A founding gift from longtime Smithsonian supporter Laura Peebles and the Barbara Hebner Charitable Fund at Vanguard Charitable will launch the Smithsonian Scientists Taking Astronomy to Rural Schools (STARS) program to serve rural communities across Delaware.
The gift honors
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CAMBRIDGE, Massachusetts, Aug. 1 -- The Harvard-Smithsonian Center for Astrophysics issued the following news release:
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Founding Gift Establishes Smithsonian STARS Program in Delaware in Honor of Rev. Barbara Louise Hebner
The gift will provide telescopes and lesson plans for each rural public school in Delaware
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A founding gift from longtime Smithsonian supporter Laura Peebles and the Barbara Hebner Charitable Fund at Vanguard Charitable will launch the Smithsonian Scientists Taking Astronomy to Rural Schools (STARS) program to serve rural communities across Delaware.
The gift honorsthe memory of Peebles's mother, Unitarian Universalist minister Reverend Barbara Louise Hebner.
"Reverend Barbara Hebner loved visiting schools to talk about being a 'computer,'---doing the math required to calculate data and create curves and graphs to understand flight data for experimental aircraft," said Peebles's sister, Heather Petit, on behalf of the family.
With the funding, each rural public school in the state will receive a telescope, lesson plans, and access to stargazing parties with family members.
"She would bring her slide rules to show how people computed data before calculators and computer equipment took over," Petit said.
The Smithsonian STARS program brings standards-aligned astronomy and space science experiences to students and educators in rural communities. Founded by the Smithsonian Astrophysical Observatory, the STARS program will provide telescopes, lesson plans, and special events for every rural school in Delaware.
"Thanks to Laura and her family, young people in Delaware will now have access to exactly the kind of programs that would have meant so much to Reverend Hebner," said Emma Marcucci, Executive Director of the STARS program. "We are deeply grateful for this support."
Looking back on her life, Hebner often reflected that if she were born today, she would have become an astrophysicist, her family said. She didn't have that opportunity growing up, but that didn't stop her interest in the wonders of the universe.
Even in her final days, she kept up with the latest astronomy news: the last article she read, just weeks before she died at 90 years old, was about the latest findings from the Vera C. Rubin Observatory.
Peebles noted that she and the 13 members of her immediate family, including six children and seven grandchildren, would all have loved having access to a program like STARS when they were in school.
In addition to funding STARS in Delaware, the Barbara Hebner Charitable Fund is establishing a new internship endowment that will support a student from a Delaware college or university each year at one of the Smithsonian's science museums or research centers. The internship will provide meaningful, mentored experience in scientific research or science communication.
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About Smithsonian STARS
Founded by the Smithsonian Astrophysical Observatory (SAO), Smithsonian STARS (Scientists Taking Astronomy to Rural Schools) is a nationwide, strategic investment in the future of rural education, designed to inspire the next generation of explorers by providing telescopes, teacher training, star parties, and projects for K-12 classes that are aligned with Next Generation Science Standards (NGSS) and plug into each state's science curriculum. By leveraging the incredible dark skies over rural communities, Smithsonian STARS is expanding access to and understanding of the spectacular night skies that shine over rural America.
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About the Smithsonian Astrophysical Observatory
The Smithsonian Astrophysical Observatory is the largest research center of the Smithsonian Institution and part of the Center for Astrophysics | Harvard & Smithsonian, the largest astrophysics research center in the world. The Observatory has been a pioneer in space exploration and discovery since its founding in 1890. Today, SAO performs groundbreaking astronomical research; operates multiple satellites, including NASA's Chandra X-ray Observatory; and runs the Minor Planet Center that tracks all known asteroids in the solar system.
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About the Center for Astrophysics | Harvard & Smithsonian
The Center for Astrophysics | Harvard & Smithsonian is a collaboration between the Smithsonian Astrophysical Observatory and the Harvard College Observatory designed to ask, and ultimately answer, humanity's greatest unresolved questions about the universe.
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Original text here: https://www.cfa.harvard.edu/news/founding-gift-establishes-smithsonian-stars-program-delaware-honor-rev-barbara-louise-hebner
National Transportation Safety Board: Bering Air Crash Attributed to Excess Aircraft Weight and Improper Airspeed Management in Icing Conditions
WASHINGTON, July 31 -- The National Transportation Safety Board issued the following news release:
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Bering Air Crash Attributed to Excess Aircraft Weight and Improper Airspeed Management in Icing Conditions
Cessna Caravan crashed on ice floe 12 miles offshore near Nome, Alaska
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Inadequate airspeed management during severe icing conditions, combined with an airplane above its maximum gross weight, led to the February 2025 crash of a Bering Air flight near Nome, Alaska, killing 10.
Bering Air Flight 445, a Textron Aviation Cessna 208B Caravan, was on the final leg of a scheduled commuter
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WASHINGTON, July 31 -- The National Transportation Safety Board issued the following news release:
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Bering Air Crash Attributed to Excess Aircraft Weight and Improper Airspeed Management in Icing Conditions
Cessna Caravan crashed on ice floe 12 miles offshore near Nome, Alaska
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Inadequate airspeed management during severe icing conditions, combined with an airplane above its maximum gross weight, led to the February 2025 crash of a Bering Air flight near Nome, Alaska, killing 10.
Bering Air Flight 445, a Textron Aviation Cessna 208B Caravan, was on the final leg of a scheduled commuterflight and heading to Nome when it crashed onto pack ice about 12 miles offshore of Norton Sound on Feb. 6, 2025. The pilot and all nine passengers were killed.
The NTSB found the airplane encountered more severe icing conditions than forecast, including large supercooled water droplets. Investigators used archived electronic data from various onboard avionics systems to determine that the airplane's ice protection system functioned as designed and prevented significant ice accumulation on protected surfaces.
The NTSB said managing the airplane's ice protection system increased the pilot's workload when preparing for an approach to Nome Airport, which had temporarily closed its runways for deicing. The NTSB determined those demands degraded the pilot's situational awareness, which led to the airspeed decay until the airplane entered an aerodynamic stall from which the pilot did not recover. The airplane's operation above its maximum gross weight further reduced its stall margin, leaving less room for recovery.
"The tragedy of Flight 445 was not the result of a single failure, but a series of preventable breakdowns that eroded critical safety margins," said NTSB Chairwoman Jennifer Homendy, who was on scene in Nome. "I've seen how Alaskan communities use aviation as a lifeline. Once implemented, our recommendations will make that lifeline safer and prevent other communities from experiencing similar heartbreak."
The investigation also found that Bering Air's flight risk assessment and operational control procedures failed to prevent routine overweight operations. Investigators identified a pattern of underreported aircraft weights on company load manifests, with several flights operating above weight limitations.
In addition, the investigation found the Federal Aviation Administration did not increase its oversight of Bering Air despite the operator's rapid growth and increased operational complexity following the pandemic and the bankruptcy of a major competitor.
The NTSB issued new safety recommendations to the FAA, including calling for most charter, air taxi, and fractional ownership operators to provide pilots with training on how to prevent and recover from a loss of control in flight.
The NTSB also reiterated previous recommendations calling for certificated dispatchers for most Part 135 operators, expanded use of flight data monitoring programs, broader load manifest requirements for Part 135 operations, and crash-resistant flight recorder systems for certain aircraft.
Links to the final report and public docket are on the accident investigation webpage (https://www.ntsb.gov/investigations/Pages/ANC25MA018.aspx).
To report an incident/accident or if you are a public safety agency, please call 1-844-373-9922 or 202-314-6290 to speak to a Watch Officer at the NTSB Response Operations Center (ROC) in Washington, DC (24/7).
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Original text here:https://www.ntsb.gov/news/press-releases/Pages/NR20260730.aspx
Federal Home Loan Banks Office of Finance Announces 2nd Quarter 2026 Combined Operating Highlights for the Federal Home Loan Banks
WASHINGTON, July 31 -- The Federal Home Loan Banks Office of Finance issued the following news release:
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Office of Finance Announces Second Quarter 2026 Combined Operating Highlights for the Federal Home Loan Banks
The second quarter 2026 combined operating highlights are prepared from the preliminary unaudited financial information of each Federal Home Loan Bank (FHLBank) and are subject to change. The combined and individual FHLBank statements of condition and statements of income highlights are attached as Tables I and II. Each of the FHLBanks has released its unaudited financial results
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WASHINGTON, July 31 -- The Federal Home Loan Banks Office of Finance issued the following news release:
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Office of Finance Announces Second Quarter 2026 Combined Operating Highlights for the Federal Home Loan Banks
The second quarter 2026 combined operating highlights are prepared from the preliminary unaudited financial information of each Federal Home Loan Bank (FHLBank) and are subject to change. The combined and individual FHLBank statements of condition and statements of income highlights are attached as Tables I and II. Each of the FHLBanks has released its unaudited financial resultsfor the period ended June 30, 2026, and filed a Form 8-K with the U.S. Securities and Exchange Commission.
Combined Highlights
Net income was $1,358 million and $2,655 million for the three and six months ended June 30, 2026, decreases of 1% and 4% compared to the three and six months ended June 30, 2025. As of June 30, 2026, total assets were $1,436.6 billion, an increase of 15%, total liabilities were $1,354.7 billion, an increase of 15%, and total GAAP capital was $81.9 billion, an increase of 10%, compared to December 31, 2025.
Table: Combined Financial Condition
The FHLBanks' assets and liabilities expand and contract as the needs of member financial institutions and their communities change over time.
* Advances totaled $810.7 billion at June 30, 2026, an increase of 20% resulting primarily from an increase in advances to large members.
* Investments were $534.4 billion at June 30, 2026, an increase of 10% driven by increases in investments held for liquidity and mortgage-backed securities.
* Mortgage loans held for portfolio were $83.0 billion at June 30, 2026, an increase of 5% as mortgage loan purchase volume outpaced repayments.
* Consolidated obligations totaled $1,324.8 billion at June 30, 2026, an increase of 15% consisting of an 18% increase in consolidated discount notes and a 14% increase in consolidated bonds.
* Capital stock was $47.1 billion at June 30, 2026, an increase of 15% due principally to the net issuance of activity-based capital stock.
* Retained earnings grew to $33.7 billion at June 30, 2026, an increase of 3% resulting principally from net income of $2,655 million, partially offset by dividends of $1,685 million. Combined Results of Operations
Net income was $1,358 million for the three months ended June 30, 2026, a decrease of 1% compared to the three months ended June 30, 2025, resulting primarily from lower net interest income, partially offset by lower voluntary housing and community investment expense. Net income was $2,655 million for the six months ended June 30, 2026, a decrease of 4% compared to the six months ended June 30, 2025, resulting primarily from lower net interest income and non-interest income.
Net interest income was $1,982 million and $3,905 million for the three and six months ended June 30, 2026, a decrease of 2% in both periods compared to the three and six months ended June 30, 2025. Net interest margin was 0.57% and 0.58% for the three and six months ended June 30, 2026, decreases of 5 and 4 basis points compared to the three and six months ended June 30, 2025.
* Interest income was $13,968 million and $27,148 million for the three and six months ended June 30, 2026, a decrease of 9% in both periods compared to the three and six months ended June 30, 2025, driven primarily by decreases in the average yields on interest-earning assets, principally advances, partially offset by increases in the average balances of total interest-earning assets. The average yields on advances were 4.00% and 4.02% for the three and six months ended June 30, 2026, a decrease of 68 basis points in both periods compared to the three and six months ended June 30, 2025, driven by the lower interest-rate environment. The average balances of total interest-earning assets were $1,388.7 billion and $1,348.3 billion for the three and six months ended June 30, 2026, increases of 5% and 4% compared to the three and six months ended June 30, 2025.
* Interest expense was $11,986 million and $23,243 million for the three and six months ended June 30, 2026, decreases of 10% and 11% compared to the three and six months ended June 30, 2025, driven primarily by the lower average rates on consolidated obligations, partially offset by increases in the average balances of consolidated obligations. The average rates on consolidated obligations were 3.69% and 3.70% for the three and six months ended June 30, 2026, a decrease of 62 basis points in both periods compared to the three and six months ended June 30, 2025, driven by the lower interest-rate environment. The average balances of consolidated obligations were $1,288.8 billion and $1,250.6 billion for the three and six months ended June 30, 2026, increases of 5% and 4% compared to the three and six months ended June 30, 2025.
Non-interest income was a net gain of $113 million for the three months ended June 30, 2026, an increase of $8 million compared to the three months ended June 30, 2025, and was a net gain of $182 million for the six months ended June 30, 2026, a decrease of $56 million compared to the six months ended June 30, 2025, resulting primarily from changes in the fair value of investment securities and derivatives, driven by changes in interest rates.
Statutory Affordable Housing Program assessments result from individual FHLBank income subject to assessments. Affordable Housing Program assessments were $152 million and $298 million for the three and six months ended June 30, 2026, decreases of 1% and 4% compared to the three and six months ended June 30, 2025. In addition, an FHLBank may make voluntary contributions to the Affordable Housing Program or other housing and community investment initiatives, which are in addition to the Affordable Housing Program assessments. Voluntary housing and community investment expense was $139 million and $253 million for the three and six months ended June 30, 2026, decreases of 16% and 3% compared to the three and six months ended June 30, 2025, due primarily to the timing of activity.
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About the FHLBanks
The FHLBanks, as member-owned cooperative institutions, provide financial products and services to their members and housing associates that assist and enhance the financing of housing and community lending. In addition, the FHLBanks support community development through affordable housing and community investment. Each FHLBank is privately capitalized and independently managed. The FHLBanks have delivered innovation and service to the U.S. housing market since 1932, and currently have approximately 6,300 members serving all 50 states, the District of Columbia, and U.S. territories. Please contact Tom Heinle at 703-467-3646 or theinle@fhlb-of.com for additional information.
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Original text here: https://www.fhlb-of.com/news/office-of-finance-announces-second-quarter-2026-combined-operating-highlights-for-the-federal-home-loan-banks-/
Factory Floor Fridays: EXIM Tours 6K Additive to See Critical Minerals Development in Pennsylvania
WASHINGTON, July 31 -- The Export-Import Bank of the U.S. issued the following news release:
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Factory Floor Fridays: EXIM Tours 6K Additive to See Critical Minerals Development in Pennsylvania
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BURGETTSTOWN, PA. -Export-Import Bank of the United States (EXIM) Chairman John Jovanovic toured 6K Additive's Burgettstown facility as part of its Factory Floor Fridays initiative. Factory Floor Fridays tell the story of the American Dream through the eyes of the companies and workers building the next generation of American industry, proving with the right tools and support, U.S. innovation can
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WASHINGTON, July 31 -- The Export-Import Bank of the U.S. issued the following news release:
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Factory Floor Fridays: EXIM Tours 6K Additive to See Critical Minerals Development in Pennsylvania
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BURGETTSTOWN, PA. -Export-Import Bank of the United States (EXIM) Chairman John Jovanovic toured 6K Additive's Burgettstown facility as part of its Factory Floor Fridays initiative. Factory Floor Fridays tell the story of the American Dream through the eyes of the companies and workers building the next generation of American industry, proving with the right tools and support, U.S. innovation cancompete and win anywhere in the world.
During the visit, Chairman Jovanovic met with company leaders and discussed EXIM's critical role in revitalizing U.S. manufacturing, advancing American critical minerals production, and supporting well-paying Pennsylvania jobs.
A $27 million direct loan to 6K Additive was Chairman Jovanovic's first board action, financing the construction of four new buildings and the acquisition of advanced equipment to refine titanium, nickel, and alloy powders. The project was approved under EXIM's Make More in America Initiative (MMIA), designed to revitalize U.S. manufacturing and secure critical supply chains and was the first deal in history conducted in coordination with the U.S. Department of War's Defense Production Act (DPA) Title III program.
"At 6K Additive, we saw firsthand how innovation, investment, and skilled labor are rebuilding America's industrial base and creating the foundation for long-term economic strength," said Chairman Jovanovic. "By producing critical materials domestically, strengthening our supply chains, and supporting well-paying jobs, companies like 6K Additive are helping ensure the United States remains the world's manufacturing powerhouse."
"This financing by EXIM reflects the growing importance of rebuilding domestic production of the critical materials that support America's defense industrial base," said Frank Roberts, CEO of 6K Additive. "Chairman John Jovanovic's visit to our facility underscored the strategic role companies like 6K Additive play in strengthening U.S. manufacturing. This financing enables us to accelerate production while strengthening resilient, domestic supply chains for the DFARS-compliant critical materials that power America's aerospace, defense, and advanced manufacturing industries."
"American manufacturers are the backbone of our economic security," Jovanovic added. "Factory Floor Fridays give everyday Americans the opportunity to hear from businesses large and small, which account for nearly 90 percent of our transactions, and ensure they have the financing tools they need to compete, grow, and win in global markets."
When EXIM was founded 92 years ago, its mission was simple: support America's economic recovery from the Great Depression by creating well-paying jobs and rebuilding the nation's manufacturing base. Under President Trump's leadership, EXIM is once again a frontline economic tool to revitalize America's economy and define a future led by U.S. innovation.
ABOUT EXIM:
As the United States government's official export credit agency, the Export-Import Bank of the United States (EXIM) supports American jobs by facilitating U.S. exports. As an independent agency, EXIM plays a critical role in supporting economic growth, securing critical supply chains, and ensuring American businesses are given a fighting chance. To achieve this mission, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. Learn more at www.exim.gov.
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Original text here: https://www.exim.gov/news/factory-floor-fridays-exim-tours-6k-additive-see-critical-minerals-development-pennsylvania
EXIM Announces Return to Profitability, Putting Money Back in Taxpayers' Pockets
WASHINGTON, July 31 -- The Export-Import Bank of the U.S. issued the following news release:
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EXIM Announces Return to Profitability, Putting Money Back in Taxpayers' Pockets
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WASHINGTON, D.C. -Today, the Chairman of the Export-Import Bank of the United States (EXIM) John Jovanovic released the following statement about returning the Bank to profitability:
"Under President Trump's leadership, EXIM is profitable again for the first time in nearly a decade," said Chairman Jovanovic. "This matters to every hard-working American across the country. EXIM has shown that we can reindustrialize
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WASHINGTON, July 31 -- The Export-Import Bank of the U.S. issued the following news release:
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EXIM Announces Return to Profitability, Putting Money Back in Taxpayers' Pockets
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WASHINGTON, D.C. -Today, the Chairman of the Export-Import Bank of the United States (EXIM) John Jovanovic released the following statement about returning the Bank to profitability:
"Under President Trump's leadership, EXIM is profitable again for the first time in nearly a decade," said Chairman Jovanovic. "This matters to every hard-working American across the country. EXIM has shown that we can reindustrializeAmerica and support the industries of the future, all while returning a profit to the American people. When EXIM does its job, there are more well-paying jobs across the country and American taxpayers have more money in their pockets."
Chairman Jovanovic appeared live on FOX Business alongside Maria Bartiromo to make the announcement. Watch more here.
ABOUT EXIM:
As the United States government's official export credit agency, the Export-Import Bank of the United States (EXIM) supports American jobs by facilitating U.S. exports. As an independent agency, EXIM plays a critical role in supporting economic growth, securing critical supply chains, and ensuring American businesses are given a fighting chance. To achieve this mission, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. Learn more at www.exim.gov.
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Original text here: https://www.exim.gov/news/exim-announces-return-profitability-putting-money-back-taxpayers-pockets
Amtrak Board Advances Preliminary Framework to Modernize and Transform Corporate Structure
WASHINGTON, July 31 -- Amtrak (National Railroad Passenger Corp.) issued the following news:
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Amtrak Board Advances Preliminary Framework to Modernize and Transform Corporate Structure
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Amtrak seeks public feedback on a preliminary, management-developed framework designed to build on record momentum and position America's Railroad for the next 50 years of growth.
Amtrak has never been stronger. Building on record ridership, record revenue, record capital investment, and more than $10 billion in new fleet investments, the Amtrak Board of Directors is advancing a preliminary framework,
... Show Full Article
WASHINGTON, July 31 -- Amtrak (National Railroad Passenger Corp.) issued the following news:
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Amtrak Board Advances Preliminary Framework to Modernize and Transform Corporate Structure
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Amtrak seeks public feedback on a preliminary, management-developed framework designed to build on record momentum and position America's Railroad for the next 50 years of growth.
Amtrak has never been stronger. Building on record ridership, record revenue, record capital investment, and more than $10 billion in new fleet investments, the Amtrak Board of Directors is advancing a preliminary framework,developed by Amtrak management, to modernize and transform the company's corporate structure. The Board is seeking public feedback as it continues to refine the proposed structure and implementation approach.
"Our management team developed this preliminary framework after extensive study and continues to seek input to be sure we get it right," said Interim President Byl Herrmann. "Our goal is a more accountable, effective, and resilient Amtrak, one that delivers more riders, more revenue, and the best customer service in the transportation industry."
Under the framework, Amtrak would remain the parent company, providing governance, strategic direction, and coordination, while establishing three focused businesses:
* Passenger Services: Delivering safe, reliable service and an improved customer experience.
* Infrastructure Management: Maintaining and improving tracks, bridges, tunnels, and stations, overseeing more than $5 billion annually in infrastructure investments.
* Fleet Management: Managing more than $10 billion in new rolling stock and fleet modernization.
The proposed structure is designed to bring greater visibility into performance and costs, enable faster and better-informed decisions, and align authority with responsibility and results, creating a more accountable, focused, and agile company built to carry more passengers, support more service, and deliver stronger financial performance.
"Our management team proposed this preliminary framework after extensive study, and continues to seek input to be sure we get it right," said Interim President Byl Herrmann. "Our goal is a more accountable, effective, and resilient Amtrak, one that delivers more riders, more revenue, and the best customer service in the transportation industry."
Beginning in September, Amtrak will develop the detailed design and implementation plan, with a formal proposal to the Board in December and operations under the new structure proposed to begin in 2027.
To learn more and to share feedback, visit The Future of Amtrak | Amtrak.
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Original text here: https://media.amtrak.com/2026/07/amtrak-board-advances-preliminary-framework-to-modernize-and-transform-corporate-structure/
