Interest Rates

The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.

Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year.

President Joe Biden claimed the first two years of his presidency marked record job growth following Friday’s employment report.

The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era.

Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further stifled demand, a pair of closely watched surveys showed on Tuesday.

Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.

Get ready for the next unnecessary recession.

The House Oversight Committee is taking a deep dive into the events surrounding the COVID-19 pandemic, and Rep. James Comer (R-KY) says they are starting from the bottom and working their way up.

The highest since 2007 and part of the Fed's apparent effort to combat the worst inflation seen in four decades.

Economic researcher for the Center for Data Analysis at The Heritage Foundation EJ Antoni said "higher interest rates," as well as "a lower real income," have cost American families $7,100.