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Lawmakers are bracing for what could shape up to be a dramatic few weeks for both parties, as they brace for a high-stakes battle over the nation’s borrowing limit. The Treasury Department said this week that the nation could have until as soon as the start of June before it exhausts the “extraordinary measures” implemented…
A new study analyzing Zillow data has found that the monthly median sale price of a house last year was over $500,000 in Utah, California and Colorado — and over a staggering $800,000 in Hawaii. The study, conducted by Studio City realtors, found that Hawaii clocked in as the most expensive state in the U.S….
The stock market may be closely watching the chance of an official economic recession, but many Americans across the country are already feeling the squeeze as they contend with higher prices and borrowing costs than they saw a year ago. While Evelyn Canela, 31, a senior program director at a nonprofit based in Harlem, said…
Large U.S. banks reported massive earnings Friday, signaling that the biggest institutions largely shrugged off the banking crisis stemming from Silicon Valley Bank’s collapse. JPMorgan Chase, the largest bank in the nation, posted $12.6 billion in first-quarter profits, a whopping 52 percent increase from the same period last year. Wells Fargo’s quarterly profits rose 32…
The consumer price index (CPI) fell to a 5 percent annual increase in March from 6 percent in February, the Labor Department reported Wednesday, dropping a full percentage point as prices for goods ranging from fresh produce to automobiles became cheaper. That’s the lowest level of annual consumer inflation since May 2021. Prices have been…
“In the past five years, I’ve saved tens of thousands of dollars on groceries, and racked up millions of loyalty points” (illustration by Maclean’s) I remember the first time I saw a coupon. It was 2005, and I was 15 years old, stocking shelves and ringing up purchases at a grocery store on the U.S….
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter Supreme…