Powell says Federal Reserve may accelerate pullback in economic support

Powell says Federal Reserve may accelerate pullback in economic support

Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.

Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.

Democrats push Biden to cancel student loans after House passes Build Back Better

Democrats push Biden to cancel student loans after House passes Build Back Better

Progressive lawmakers are calling on President Biden to cancel student loan debt as some Americans have qualified for forgiveness under borrower defense, total and permanent disability (TPD) discharges and a limited PSLF waiver.

Progressive lawmakers are calling on President Biden to cancel student loan debt as some Americans have qualified for forgiveness under borrower defense, total and permanent disability (TPD) discharges and a limited PSLF waiver.

Expanded child tax credit would permanently reduce child poverty, CBPP finds

Expanded child tax credit would permanently reduce child poverty, CBPP finds

Build Back Better would make the Child Tax Credit permanently available to low-income families. But the trillion-dollar spending plan faces hurdles in Congress before it can be signed into law.

Build Back Better would make the Child Tax Credit permanently available to low-income families. But the trillion-dollar spending plan faces hurdles in Congress before it can be signed into law.

Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays

Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays

Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.

Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.

Strong Cyber Monday sales expected but could fall short of 2020 spending

Strong Cyber Monday sales expected but could fall short of 2020 spending

Both Black Friday and Thanksgiving Day online shopping came in below Adobe's prediction. On Black Friday, online sales reached $8.9 billion, down from the $9 billion in 2020.

Both Black Friday and Thanksgiving Day online shopping came in below Adobe's prediction. On Black Friday, online sales reached $8.9 billion, down from the $9 billion in 2020.

Retired housekeeper wins $50K in scratch-off lottery for 3rd time

Retired housekeeper wins $50K in scratch-off lottery for 3rd time

A 61-year-old Maryland woman has won $50,000 in scratch-off lotteries for the third time since 2018. And the winning tickets all came from the same store.

A 61-year-old Maryland woman has won $50,000 in scratch-off lotteries for the third time since 2018. And the winning tickets all came from the same store.

Biden's Build Back Better bill: Half of voters support plan but many fear inflation will worsen, poll shows

Biden's Build Back Better bill: Half of voters support plan but many fear inflation will worsen, poll shows

Nearly 50% of voters support Biden's Build Back Better plan, a new poll showed. But many are also worried it could worsen inflation rates. Here's what that means for interest rates.

Nearly 50% of voters support Biden's Build Back Better plan, a new poll showed. But many are also worried it could worsen inflation rates. Here's what that means for interest rates.

Getting life insurance while you're young and healthy can save you thousands

Getting life insurance while you're young and healthy can save you thousands

The longer you wait to lock in a life insurance premium, the higher your monthly rate will be. Find out how taking out life insurance while you're young and healthy can save you thousands of dollars.

The longer you wait to lock in a life insurance premium, the higher your monthly rate will be. Find out how taking out life insurance while you're young and healthy can save you thousands of dollars.

White House blames pandemic for soaring inflation, Biden's low polling

White House blames pandemic for soaring inflation, Biden's low polling

Inflation is soaring, businesses are struggling to hire and President Joe Biden’s poll numbers have been in free fall. The White House sees a common culprit: COVID-19.

Inflation is soaring, businesses are struggling to hire and President Joe Biden’s poll numbers have been in free fall. The White House sees a common culprit: COVID-19.

Stocks sink on new COVID variant; Dow loses 1,000 points

Stocks sink on new COVID variant; Dow loses 1,000 points

A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.

A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.

City of Dripping Springs extends development moratorium for 90 days

City of Dripping Springs extends development moratorium for 90 days

Until Feb. 20, 2022, city departments will only accept applications or plans that include a request for a waiver or exception, or for projects where an exception or waiver has already been approved.

Until Feb. 20, 2022, city departments will only accept applications or plans that include a request for a waiver or exception, or for projects where an exception or waiver has already been approved.

Rising inflation not stopping consumer spending, new data shows

Rising inflation not stopping consumer spending, new data shows

Personal incomes, which provide the fuel for future spending increases, rose 0.5% in October after having fallen 1% in September, a reflection of a drop in government support payments.

Personal incomes, which provide the fuel for future spending increases, rose 0.5% in October after having fallen 1% in September, a reflection of a drop in government support payments.

Unemployment benefits claims hit 52-year low after seasonal adjustments

Unemployment benefits claims hit 52-year low after seasonal adjustments

Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.

Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.