Source: Debt ceiling 'agreement in principle' has been reached

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,

Debt ceiling: No agreement yet, but Biden, McCarthy say they're optimistic after meeting

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

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.

How debt limit could impact Americans

How debt limit could impact Americans

Economists have warned that failing to reach a deal regarding the debt ceiling could lead to a recession and have impacts on our lives.

Economists have warned that failing to reach a deal regarding the debt ceiling could lead to a recession and have impacts on our lives.

First Republic Bank seized by regulators, sold to JPMorgan Chase

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.

Silicon Valley Bank failure: Fed partly blames itself for collapse

Silicon Valley Bank failure: Fed partly blames itself for collapse

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.

These are the cities you can earn six figures in and still be broke

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.

Social Security cuts could be coming soon — here's who will be affected

Social Security cuts could be coming soon — here's who will be affected

A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.

A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.

First Citizens to acquire troubled Silicon Valley Bank, FDIC says

First Citizens to acquire troubled Silicon Valley Bank, FDIC says

Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.

Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.

After two U.S. banks failed, are other banks next?

After two U.S. banks failed, are other banks next?

Over the past couple of weeks, there have been two U.S. bank failures that are causing a lot of concern around the country. While the President says everything is okay, it doesn't mean people aren't worried about the future.

Over the past couple of weeks, there have been two U.S. bank failures that are causing a lot of concern around the country. While the President says everything is okay, it doesn't mean people aren't worried about the future.

2 failed banks, February inflation remaining high put Fed in tough spot

2 failed banks, February inflation remaining high put Fed in tough spot

The government reported Tuesday that February prices were still elevated, which could drive another interest rate hike. But the collapse of two banks in recent days has the potential to stop it.

The government reported Tuesday that February prices were still elevated, which could drive another interest rate hike. But the collapse of two banks in recent days has the potential to stop it.

Silicon Valley Bank seized by regulators

Silicon Valley Bank seized by regulators

Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.

Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.

Powell signals increased interest rate hikes if economy stays strong

Powell signals increased interest rate hikes if economy stays strong

Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.

Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.