The Triumph of Economic Ignorance
What’s happening with the American economy could very easily have been anticipated by anyone with even a passing knowledge of basic economics.
Think rent is rising fast? It’s worse than you think (and inflation might be...
Across America, renters looking for homes are facing double-digit rent increases, but official federal tally of inflation data doesn't show it.
What’s Next After House Passes Debt Ceiling Deal
U.S. House of Representatives passed bipartisan legislation to suspend the nation’s debt limit through Jan. 1, 2025, despite opposition on both sides of aisle.
Home Sales Are Being Canceled at the Highest Rate Since the Start of the...
Prospective homebuyers are canceling sales and backing out of deals at the highest rate since the start of the pandemic, Redfin announced.
First Citizens Buys Failed Lender Silicon Valley Bank
A buyer has been found for failed lender SVB, with 17 former branches opening under First Citizens Bank the Federal Deposit Insurance Corp. (FDIC) announced.
House Passes Debt Ceiling Bill in Bipartisan Vote, Moves to Senate
Members approved compromise in debt ceiling bill negotiated by Biden and McCarthy in bipartisan vote of 314 to 117, 46 Dems and 71 Republicans voted against bill.
IRS Halts Pandemic-Era Small-Business Tax Break Following ‘Flood’ of Potential Fraud Claims
The agency believes over $2.8 billion in claims under investigation could potentially be fraudulent and advises businesses to pause filing.
Recession Odds Rise to Highest in 40 Years: Fed
Odds that U.S. will fall into a recession over the next 12 months have risen to a 40-year high, according to a probability model from the NY Federal Reserve.
Moody’s Slashes US Outlook to ‘Negative’ Due to Too Much Government Spending
The rating agency also cited political brinkmanship in Washington as a factor behind its decision to slash the outlook for U.S. government debt.
Kevin McCarthy: Debt Limit Should Be Treated ‘Like Our Own Household’
Kevin McCarthy previewed Republicans’ strategy regarding handling the U.S. debt limit after Janet Yellen warned that the limit will be reached next week.
US economist predicts 2024 will bring ‘biggest crash of our lifetime’
"I think 2024 is going to be the biggest single crash year we'll see in our lifetimes," one outspoken economist, Harry Dent, told Fox News Digital.
Majority of Americans Fear Soaring Inflation Will Impact Spending Power in Retirement: Poll
Majority of Americans aged 45 to 75 are concerned soaring levels of inflation may reduce their spending power when it comes to retirement.
