Financial related news.
WASHINGTON (AP) — With inflation at its highest point in three decades, the Federal Reserve is set this week to begin winding down the extraordinary stimulus it has given the economy since the pandemic recession struck early last year, a process that could prove to be a risky balancing act. Chair Jerome Powell has signaled [...]
SEATTLE (AP) — After Bryan Kang's son was born in July, the occupational therapist and his wife, a teacher, started looking for child care in the Los Angeles area. The couple called eight day care centers: Some didn't have spots for months; others stopped taking their calls and some never answered at all. So with [...]
A group representing the mayors of Ohio’s largest cities last week released a report that found remote working will have significant impacts on the fiscal health of cities across the state. The Ohio Mayors Alliance, a bipartisan coalition of large-city mayors, found that the work-from-home practice employed by businesses and governments throughout the COVID-19 pandemic [...]
WASHINGTON — The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in people being turned out of their homes despite the expiration of the federal eviction moratorium, the Biden administration said. Fresh numbers released by the Treasury Department, which oversees the Emergency Rental Assistance program, showed [...]
LOS ANGELES (AP) — Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. That could begin to change in the weeks to come, now that the Federal Reserve has signaled it could announce as early as next month plans to begin [...]
NEW YORK — Love cryptocurrencies or hate the very idea of them, they're becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world's most valuable company, Apple, and have amassed more than 200 million users. At that size, it's simply too big [...]
Before the pandemic, wage disparities already made it tougher for some women to pay off student loans than men. Now, after a second year of juggling increased caregiving duties, more than a million women have had to drop out of the workforce as a new/old problem looms: the restart of federal student loan payments. "Not [...]
NEW YORK — Get ready to pay sharply higher bills for heating this winter, along with seemingly everything else. With prices surging worldwide for heating oil, natural gas and other fuels, the government said it expects households to see their heating bills jump as much as 54 percent compared to last winter. Nearly half the [...]
WASHINGTON — Some politicians think they've found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy. Even its serious proponents — who are not that [...]
The Treasury Department has announced plans to start reallocating the billions of dollars in federal rental assistance in a bid to get more money into the hands of tenants facing eviction. The move, which was required by Congress when it allocated the monies, follows the slow distribution of rental assistance in many parts of the [...]