Debt ceiling: Key test ahead on deal that could prevent disastrous US default
A key test comes later Tuesday when the House Rules Committee considers the negotiated package. Officials say the U.S. risks default June 5.
These billionaires are worth more than the US Treasury has in cash, report says
The cash balance at the U.S. Treasury is lower than the net worth of some of the world's richest people, according to the Bloomberg Billionaire Index.
Debt ceiling deal: Here's what's in, what's out of the bill to avert US default
Details of the deal between President Joe Biden and House Speaker Kevin McCarthy are out. But the two leaders still have to persuade Congress to pass the bill.
What's next on debt ceiling: Congress has little time to approve deal before default deadline
Lawmakers are not expected to return to work from the Memorial Day weekend before Tuesday, at the earliest.
Source: Debt ceiling 'agreement in principle' has been reached
President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle" late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline,
Debt ceiling talks 'closer to an agreement,' stuck on work requirements for food aid
The US could default on its debt obligations by June 5 if lawmakers don't act in time.
Mortgage rates rise as debt limit impasse lingers: Freddie Mac
The average rate for a 30-year fixed-rate mortgage increased to 6.57% for the week ending May 25, according to Freddie Mac's Primary Mortgage Market Survey.
Today’s mortgage rates are mixed, but 10- and 15-year terms stay low | May 26, 2023
Check out the mortgage rates for May 26, 2023, which are mixed from yesterday.
Behind on your retirement savings? Here's one feature that can help workers catch-up
Automatic enrollment into a workplace savings plan could help close the gap for Black and Latino employees that might otherwise have lower plan participation rates, according to a recent Voya Financial study
Today's mortgage rates rise, but 15-year terms remain lowest option | May 25, 2023
Check out the mortgage rates for May 25, 2023, which are trending up from yesterday.
Lawmakers look to loosen child labor laws, even in bars and on school nights
In Wisconsin, Republican lawmakers are backing a proposal to allow 14-year-olds to serve alcohol in bars and restaurants.
Debt ceiling talks stuck, sides 'far apart' as June 1 deadline nears
A defiant House Speaker Kevin McCarthy says the debt ceiling standoff is “not my fault" after he sent Republican negotiators to the White House to finish out debt limit talks.
House votes to cancel Biden’s $400 billion student loan handout
The House voted Wednesday to repeal President Biden’s plan to forgo more than $400 billion in federally backed student loan debt.
Today's best mortgage deal? 15-year terms stay below 6 percent | May 24, 2023
Check out the mortgage rates for May 24, 2023, which are mixed from yesterday.
Round 3 of Disney job cuts starting
Disney has said it plans to trim 7,000 from its workforce overall
Shopping for cheaper insurance hits a new high as Americans seek relief from rising rates: J.D. Power
The rate at which drivers were given new auto insurance quotes increased by 13.1% in the first quarter of 2023 – the highest rate since June 2021. And the switch rate increased by 4.1%, according to J.D. Power report.
Today's best mortgage deal? 15-year terms stay below 6 percent | May 23, 2023
Check out the mortgage rates for May 23, 2023, which are mixed from yesterday.
Debt ceiling: No agreement yet, but Biden, McCarthy say they're optimistic after meeting
President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling.
America's debt hits new record of more than $17 trillion: NY Fed
Consumer debt reached a record of $17.05 trillion in Q1 2023. Many Americans still deal with high inflation and are seeking help from their financial institutions, reports say.
Today's mortgage rates are rising, but 15-year terms remain below 6 percent | May 22, 2023
Check out the mortgage rates for May 22, 2023, which are trending up from Friday.