Finance Sector Braces for Shockwaves After Silicon Valley Bank Collapse
Silicon Valley Bank became nation’s second-largest bank failure needing to generate $2.25 billion to cover decline in deposits and to improve financial position.
Americans are feeling gloomier than ever about their finances: Just 31% believe their situation...
Americans' confidence in their finances is at its lowest level in last 13 years, as inflation and fears of recession cast a pall of uncertainty over the economy.
Sen. John Kennedy: Congress has got to reduce the rate of growth of spending...
Congress must reduce the rate of growth of spending and reduce the rate of growth of debt accumulation if it wants to stop inflation proves Kennedy while grilling Powell.
Walmart Has ‘A Lot of Trepidation’ About Economy, as Consumers Feel ‘Very Pressured’
Walmart is concerned about the U.S. economic outlook this year after its latest earnings projections showed that consumers were under heavy pressure.
Experts Warn New IRS Tax Rules Are a ‘Double Whammy’ for Families
IRS issued several releases warning about potentially lower tax refunds this filing season due to the fact that there is no expanded child tax credit.
GDP report reveals ominous Great Depression warning sign not seen since 1932
White House was quick to take credit for the state of the nation’s economy but this latest report should have alarm bells ringing, not trumpets sounding.
Manchin Calls White House Stand to Not Negotiate With Republicans on Debt Ceiling a...
Democratic Sen. Joe Manchin of West Virginia said on Sunday that it’s a “mistake” that the White House won’t negotiate with Republicans on the debt ceiling limit.
Leading US Economic Indicator Falls for 10th Straight Month, Suggesting Recession Soon
Key indicator gauging health of American economy fell for tenth straight month in Dec, exceeding forecasts and suggesting a potential recession months ahead.
US Reaches Debt Ceiling, Forcing Treasury Into ‘Extraordinary Measures’
U.S. has officially reached its statutory debt limit of $31.381 trillion on Jan. 19 as was predicted by Sec. Janet Yellen in a letter to Congress on Jan. 13, 2023.
McCarthy Rejects White House Demand for ‘Clean’ Debt Ceiling Hike
Kevin McCarthy rejected Biden’s demand that Congress increase debt ceiling without attaching any conditions such as spending cuts that Republicans are demanding.
Getting Priced Out Of The American Dream Of Home Ownership – Is The Crash...
A year ago, mortgage rates set record lows as home prices soared. Now, interest rates are near 7%, while home prices have jumped in some places by 40% since 2020.
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.
