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
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.
Venmo for teens: Social payment app officially available for those 13 and up
Although many already use it, teens are now officially allowed to open a Venmo account with their parent's permission.
Although many already use it, teens are now officially allowed to open a Venmo account with their parent's permission.
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
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.
Texas parents charge 19-year-old daughter rent; reveal criticism and support
People are sounding off on TikTok as parents charging their children rent has become a topic of discussion. Check out how one family navigated their adult daughter living at home.
People are sounding off on TikTok as parents charging their children rent has become a topic of discussion. Check out how one family navigated their adult daughter living at home.
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.
Federal student loan repayments to restart, education secretary confirms
'We're preparing our borrowers to restart" federal student loan repayments, Education Secretary Miguel Cardona says.
'We're preparing our borrowers to restart" federal student loan repayments, Education Secretary Miguel Cardona says.
Norfolk Southern to pay homeowners near Ohio train derailment
The company set up a fund for residents impacted by the derailment to cover the cost of any decline in their home values.
The company set up a fund for residents impacted by the derailment to cover the cost of any decline in their home values.
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.
Some Michigan residents to get TurboTax settlement checks after being 'tricked'
TurboTax's parent company "tricked" millions of people into paying to file taxes across three separate seasons, despite being eligible to submit them for free.
TurboTax's parent company "tricked" millions of people into paying to file taxes across three separate seasons, despite being eligible to submit them for free.
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.
Study finds ChatGPT struggles with math, unlikely to replace accountants
Despite near-perfect GRE and bar scores, an AI model was found to sometimes struggles with basic math functions.
Despite near-perfect GRE and bar scores, an AI model was found to sometimes struggles with basic math functions.
Former Apple employee ordered to serve jail time, pay restitution for fleecing the company
Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
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.
Engagement ring sales fall sharply – blame COVID, jewelry giant says
Pandemic lockdowns ended many early relationships and led to a dramatic decline in dating overall, resulting in “the engagement gap that we’re still seeing today," industry executives said.
Pandemic lockdowns ended many early relationships and led to a dramatic decline in dating overall, resulting in “the engagement gap that we’re still seeing today," industry executives said.
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.
What makes you 'middle class' in Detroit? Here's how much money you need to earn
Out of U.S. big cities, Detroit has one of the lowest middle class income limits.
Out of U.S. big cities, Detroit has one of the lowest middle class income limits.
How much money you need to make to be 'middle class' in Michigan
SmartAsset looked at income data from the Census Bureau to determine the middle class income thresholds for the 100 largest U.S. cities, along with each state's threshold. Here's what you need to earn to be considered middle class in Michigan and Detroit.
SmartAsset looked at income data from the Census Bureau to determine the middle class income thresholds for the 100 largest U.S. cities, along with each state's threshold. Here's what you need to earn to be considered middle class in Michigan and Detroit.
More women earning as much as husbands, but still do more at home, study finds
In U.S. marriages where spouses earn the same income, husbands were still found to spend more time on leisure, while wives spend more time on caregiving and chores, according to Pew Research.
In U.S. marriages where spouses earn the same income, husbands were still found to spend more time on leisure, while wives spend more time on caregiving and chores, according to Pew Research.