Interest Rates

The recently released Biden administration budget for 2024 was layered with problems.

Biden's current approval rating is 38%, his lowest rating being 36% in July 2022.

During an interview with CBS News on Tuesday, Moody’s Analytics Chief Economist Mark Zandi stated that the problems in the banking industry are the inevitable result of rate hikes by the Federal Reserve where “things are going to start to wobble and break and it’s going to feel uncomfortable.”

The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history.

GOP Chair Ronna McDaniel says widespread bank failures highlight Biden's incompetence.

The consumer price index, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported on Tuesday.

Silicon Valley Bank (SVB) is getting a bailout.

The Federal Deposit Insurance Corp. (FDIC) and Federal Reserve are discussing creating a fund to backstop deposits if more banks fail following the collapse of Silicon Valley Bank.

Now you see it … maybe soon you won’t.

US credit card debt inched close to a trillion dollars in the fourth quarter of 2022, the New York Federal Reserve Bank said in its quarterly report on household debt, released on Thursday.