The state’s $33 billion budget surplus is top of mind for Texas lawmakers and understandably for local schools as well. FOX 26’s Damali Keith spoke with the Fort Bend ISD superintendent about the concerns teachers and parents have.
- Motley Fool
When the curtain closed on 2022, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and technology-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC) all entered respective bear markets and produced their worst returns since 2008. The abysmal performance of these core stock indexes has a lot of investors asking whether a U.S. recession is unavoidable. Unfortunately, there is no crystal ball that allows us to look into the future and know with concrete certainty whether a recession is coming.
On Jan. 19, the U.S. officially hit its debt ceiling, having spent all of the $31.4 trillion available for expenditures as allocated by the Treasury. In the days since, conversations have become...
- Motley Fool
After a massive increase to benefits in 2023, reversals in consumer prices could leave seniors without a raise next year.
- The Hill
Former Vice President Mike Pence said a conversation needs to be had about reforming Social Security, a remark that comes as Speaker Kevin McCarthy (R-Calif.) has asserted that cuts to that program and Medicare will not be considered as part of negotiations over raising the debt ceiling. Yahoo News reported Friday that Pence, who has…
- The Providence Journal
Our legislature would do better by using these funds to offer women the resources they deserve to fully care for and love their babies.
- The Hill
Former Trump economic adviser Gary Cohn said on Sunday that the United States is in “pretty good shape” and he does not expect a recession during the first two quarters of 2023. “I think that people … have been really worried about a recession in the first and second quarter of this year,” Cohn told…
- Fox Business
Tesla reverses Model Y price cut after demand surge, Biden's expansion of electric vehicle tax credits
Tesla has reversed course on price cuts to its Model Y line this month after the U.S. Treasury announced loosened restrictions on electric vehicle credits.
- CBS News Videos
Gary Cohn, the former top economic adviser in the Trump White House and now vice chairman of IBM, discusses the strong January job numbers, the possibility of a recession in the first half of 2023 and the impact of failing to raise the debt ceiling.
The US government hit its $31.4 trillion debt ceiling last month — triggering fears of a nasty fallout for Americans. Here are 3 ways it could hurt you
Are you prepared for “extraordinary measures”?
Tesla increased the price of the Model Y Long Range to $54,990, and the Model Y Performance to $57,990, an increase of $1,000 each, according to current and previous prices posted on its website. The models remain 15% and 17% cheaper, respectively, than they were before Tesla slashed prices last month to stoke demand, before accounting for the $7,500 tax credit buyers now qualify to receive. In a reversal, the Treasury Department ruled on Friday that crossovers like the Model Y would qualify for electric vehicle tax credits as long as they were priced below $80,000.
(Bloomberg) -- Inflation readings have, mercifully, been coming down, and investors are betting the Federal Reserve is getting close to the end of its rate-hiking cycle.Most Read from BloombergChina Moves From Contrite to Confrontational Over US BalloonMagnitude 7.7 Earthquake Strikes in TurkeyUS Downs Chinese Balloon, Prompting Protests from BeijingTrump Offers $1 Million Bond to Appeal Clinton Suit SanctionsWhat You Need to Know About the Alleged Chinese Spy Balloon Shot Down by the USBut any
- Yahoo Finance
The U.S. economy added a whopping 517,000 jobs in January, according to Bureau of Labor Statistics data released Friday. This was the largest monthly gain since last July.
Inflation is wreaking havoc on the American middle class and 8 out of 10 say they are spending their savings just to get by
Most American middle-income households are cutting back on savings or reaching into their nest egg to keep up with the rising cost of living.
- Idaho Statesman
“The committee has grave concerns about the cost sustainability,” one lawmaker said.
The U.S. economy added a lot more jobs in January than economists had expected. It isn’t what the Federal Reserve wanted.
- The New York Times
WASHINGTON — In 2020, Rep. Don Bacon, R-Neb., told C-SPAN that his constituents were not in favor of earmarks, so he wasn’t either. Two years later, he earmarked a total of $37.9 million in two separate spending bills for projects in his district. When House Republicans voted to place their own moratorium on earmarks in 2010, Rep. Ken Calvert, R-Calif., said the decision was a statement to Americans that “House Republicans are ready to lead the fight for lower spending, more transparency and res
The Powerball lottery set a record in November 2022, with a drawing worth $2.04 billion. Now it is climbing again. The drawing for Feb. 4 is worth $700 million -- tying for sixth highest among...
- Motley Fool
We might need an addendum to the old adage that there are decades in which nothing happens and weeks in which decades happen. Apparently, there are...
(Bloomberg) -- Former Treasury Secretary Lawrence Summers said a “soft landing” for the US economy is looking more likely, though inflation gauges remain too high.Most Read from BloombergChina Moves From Contrite to Confrontational Over US BalloonMagnitude 7.7 Earthquake Strikes in TurkeyUS Downs Chinese Balloon, Prompting Protests from BeijingTrump Offers $1 Million Bond to Appeal Clinton Suit SanctionsWhat You Need to Know About the Alleged Chinese Spy Balloon Shot Down by the US“I’d say I’m e
- CBS News Videos
On Friday, the Labor Department released the January employment report. A whopping 517,000 jobs were created and the unemployment rate edged down to 3.4%, the lowest level since May 1969. CBS News business analyst Jill Schlesinger joins us to discuss the report and what it means about the economy.