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,
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,
Round 3 of Disney job cuts starting
Disney has said it plans to trim 7,000 from its workforce overall
Disney has said it plans to trim 7,000 from its workforce overall
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.
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.
Debt ceiling explained: Why it's a struggle, how the impasse could end
Negotiations are continuing over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.
Negotiations are continuing over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.
Debt ceiling: Biden 'confident' there will be no default
Negotiators are racing to beat a deadline of June 1, which is when the Treasury Dept. said the U.S. could begin defaulting on its debts for the first time in history and risk financial catastrophe.
Negotiators are racing to beat a deadline of June 1, which is when the Treasury Dept. said the U.S. could begin defaulting on its debts for the first time in history and risk financial catastrophe.
Debt ceiling: Biden cuts short upcoming trip; McCarthy says deal possibly by end of week
The U.S. Treasury is warning that the U.S. could run out of cash to keep paying the nation’s bills as soon as June 1 if there is no agreement.
The U.S. Treasury is warning that the U.S. could run out of cash to keep paying the nation’s bills as soon as June 1 if there is no agreement.
Biden likely to resume debt limit talks on Tuesday
The nation continues to edge closer to its legal borrowing authority with no agreement in sight. The Treasury Department has said the government could exhaust the ability to pay its bills as early as June 1.
The nation continues to edge closer to its legal borrowing authority with no agreement in sight. The Treasury Department has said the government could exhaust the ability to pay its bills as early as June 1.
Cost-of-living concerns leading 40% of Gen Z to work multiple jobs: survey
The number of people working multiple full-time jobs hit an all-time high in August 2022.
The number of people working multiple full-time jobs hit an all-time high in August 2022.
Joe Biden, GOP must decide what’s on the table in debt limit meeting
As the deadline for raising the debt ceiling approaches, President Joe Biden and Republicans must come to an agreement on what measures to take to avoid defaulting on the national debt.
As the deadline for raising the debt ceiling approaches, President Joe Biden and Republicans must come to an agreement on what measures to take to avoid defaulting on the national debt.
Number of new American business applications hits an all-time high
According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record.
According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record.
Spring homebuyers to continue facing inventory woes
New home listings dropped 21.3% year over year nationwide.
New home listings dropped 21.3% year over year nationwide.
Airbnb renews push for renting single rooms costing average of $67 per night
The company said Wednesday that it's rolling out a new Airbnb Rooms offering in which guests share space with the owner.
The company said Wednesday that it's rolling out a new Airbnb Rooms offering in which guests share space with the owner.
United planning to hire 15K workers ahead of expected summer travel surge
The hiring sign is out at United Airlines. The airline said Wednesday that it plans to add 15,000 workers this year, and hired 7,000 in just the past four months.
The hiring sign is out at United Airlines. The airline said Wednesday that it plans to add 15,000 workers this year, and hired 7,000 in just the past four months.
How the latest Fed interest rate hike could impact credit card debt, auto loans
The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect most Americans.
The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect most Americans.
Feds raise key interest rate to highest level in 16 years
The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.
The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.
First Republic Bank seized by regulators, sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
73% of American Millennials living paycheck-to-paycheck, financial report shows
Faced with high prices and interest rates, consumers have begun reining in their spending.
Faced with high prices and interest rates, consumers have begun reining in their spending.
These are the cities you can earn six figures in and still be broke
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
US workers now expect almost a $76,000 salary to start a new job, data shows
Meanwhile, American women expect far less than men when it comes to salary in a new job offer, according to the new Federal Reserve data.
Meanwhile, American women expect far less than men when it comes to salary in a new job offer, according to the new Federal Reserve data.
US retail sales fall amid high inflation, rising rates
The decline in sales adds to other recent evidence that the economy is cooling as consumers grapple with higher interest rates and the impact of a year-long bout of elevated inflation.
The decline in sales adds to other recent evidence that the economy is cooling as consumers grapple with higher interest rates and the impact of a year-long bout of elevated inflation.