Jeffries, McCarthy offices say there was no deal to save debt ceiling bill
McCarthy and Jeffries disputed Democratic sources who said the two leaders had cut a deal for Democrats to help advance the debt ceiling bill to a final vote.
IRS Reveals Newly Revised Retirement Contribution Limits for 2024
Contribution limits for retirement plans like 401(k) and IRA have been raised by $500 for the next year, according to a recent update by the IRS.
US Home Prices Continue to Soar, Despite High Mortgage Rates
A new report from Realtor.com indicates that August home prices rose by 0.7 percent, upsetting the previous two months of year-over-year declines.
JPMorgan Buys First Republic, After Regulators Seize Beleaguered Bank
First Republic Bank has been seized by the Federal Deposit Insurance Corp. (FDIC), which announced that the beleaguered bank is being bought by JPMorgan Chase.
FedEx Founder Issues Dire Warning About ‘Unsustainable’ Government Debt
The founder of FedEx has added his voice to the chorus of views expressing concern about out-of-control spending in Washington.
Global Debt Leverage: Is a Great Reset Coming?
Three hundred trillion dollars is the record debt which global governments, households, financial corporates and nonfinancial corporates owed in June 2022.
What Happens to Social Security Payments If the Government Shuts Down?
Experts say that some administrative operations at the Social Security Administration would be impacted by a government shutdown—but checks will still be sent.
Federal Government Has 48 Hours to Fix ‘Irreversible Mistake,’ Billionaire Says
Several billionaires issued warnings over the weekend after the Silicon Valley Bank suddenly collapsed late last week and forced the federal government to step in.
Only 14% of US voters say Joe Biden has made them better off
Only 14% of American voters believe they are better off financially now than when Biden took office, in latest sign Bidenomics could undermine Biden's re-election.
JPMorgan Chief Issues Stark Warning on Recession
Jamie Dimon, CEO of JPMorgan Chase, has warned that inflation could go up again, leading to higher interest rates and—possibly—recession.
The US debt situation looks ‘unsustainable,’ and corporate defaults are rising, IMF warns
US debt situation is looking increasingly precarious, and corporate defaults are up as interest rates stay high, according to the International Monetary Fund.
Fitch Downgrades US Credit Rating, Citing Erosion of Confidence in Fiscal Management
The United States has taken a major hit as Fitch Ratings has lowered its Long-Term Foreign-Currency Issuer Default Rating for the country from AAA to AA+.
