Author: Zachary Halaschak

Despite broader concerns about the economy, consumers are starting to see mortgage rates move lower, a trend experts expect to continue this year as the Federal Reserve begins to loosen monetary policy. The housing market has been upended by the Fed driving interest rates up to their highest level since the dot-com bubble at the…

It would be a worst-case scenario for Vice President Kamala Harris if the economy starts to fall into a recession, a possibility that has recently received more attention. While most economists still think a recession is unlikely, a lackluster employment report for July, which saw unemployment ticking up for the fourth month in a row,…

The Senate on Thursday killed long-stalled bipartisan legislation to expand the child tax credit and renew key business investment deductions. The procedural vote was 48-44, with 60 votes needed to end debate and move to a final vote. GOP Sens. Josh Hawley (R-MO), Markwayne Mullin (R-OH), and Rick Scott (R-FL) all voted yes on the bill, while Sens. Bernie…

EXCLUSIVE — Vice President Kamala Harris no longer supports a federal job guarantee, an idea championed by some on the Left and Green New Deal proponents that gained traction among Democrats during the 2020 election cycle. A spokesperson for Harris’s campaign told the Washington Examiner on Wednesday that the presumptive Democratic presidential nominee has changed…

Former President Donald Trump on Wednesday said that seniors shouldn’t pay taxes on Social Security, a departure from decades of tax policy. Trump made the announcement on his Truth Social platform. He wrote: “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” Social Security can be claimed starting at age 62, although benefits increase the longer…

The markets were relatively calm on Monday as investors reacted to the news that President Joe Biden exited the 2024 presidential contest and endorsed Vice President Kamala Harris as his replacement. Biden’s announcement that he was suspending his reelection campaign brings with it a big degree of uncertainty as Wall Street tries to digest what…

The Federal Reserve will meet just two more times between now and the November elections. The big questions are whether the Fed will cut interest rates and how it will affect the presidential showdown. It has been a year since the Fed changed its interest rate target in any way. In July 2023, the Fed…

Inflation as measured by the producer price index rose to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Friday, some bad news for the Federal Reserve and President Joe Biden. Economists had forecast a slight rise in inflation from 2.2% in May. On a month-to-month basis, the producer price index increased by 0.2 percentage points, more than expected.…

A bipartisan group of senators on Wednesday unveiled a plan to block members of Congress and the president from trading stock while in office. The legislation would make it a penalty for representatives, senators, the president, and the vice president, as well as their spouses, children, and dependents, from engaging in such investments. The proposed…