The Federal Reserve decided to lower its interest rate this week, but mortgage rates didn't follow suit. Instead, they went up. The average rate for a 30-year fixed mortgage increased by 20 basis points after the Fed's announcement and Chairman Jerome Powell's press conference, according to Mortgage
A federal judge in Boston has decided to step into a heated dispute over SNAP food assistance funds. The issue revolves around the Trump administration's decision not to use billions in emergency funds to cover food stamp benefits for millions of Americans in November. The judge, Indira Talwani, ex
Car loans are becoming a big problem for many people in the U. S. Right now, Americans owe a huge amount of money on their cars. In fact, it's the second-largest type of debt after home loans. What's more, a lot of people are struggling to keep up with their monthly payments. Nearly one in five borr
The U. S. government shutdown is taking a heavy toll on the economy. The Congressional Budget Office (CBO) has revealed that the shutdown is costing the country around $7 billion each month. This loss won't be recovered even after the government resumes operations. The CBO shared these findings in
The White House has recently removed six members from the U. S. Commission of Fine Arts. This group usually gives advice on the design of federal buildings, monuments, and even coins. The commission has been around for over a century, since 1910. It has had a hand in shaping important landmarks like
The Federal Reserve is likely to lower interest rates this week, despite a lack of recent data. This is because the government shutdown has delayed key reports on jobs and inflation. Without this data, the Fed is making big decisions based on incomplete information. The Fed has hinted at rate cuts
Oswego County is feeling the heat of the government shutdown. It's not just about politics; it's about real people and their daily struggles. The county already has a high poverty rate, and this shutdown is making things worse. It's putting essential services at risk, like food assistance, healthcar
A former sheriff and two others are set to face federal court this week. Chuck Wright, the ex-sheriff, along with Amos Durham, a former chaplain, and Lawson Berry Watson, a former employee, have court appearances scheduled. Wright is one of many sheriffs in South Carolina to face criminal charges re
The US bond market is having a great time in 2025. Prices are up, and yields are down. This is mostly because people think the economy is slowing down. When growth slows, bonds become more attractive. It's like when everyone wants to buy the same toy, and the price goes up. The Federal Reserve is e
The U. S. government shutdown is dragging on, and it's not just about politics anymore. It's about real people facing real consequences. Millions are staring down the barrel of skyrocketing health insurance costs come November, thanks to expiring Affordable Care Act tax credits. This isn't just a nu
