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191 articles found for "debt"
The Fed held rates steady at 3.50%-3.75% and the FOMC January minutes reveal officials believe getting inflation from 2.5% to 2% will be slower and harder than markets expect, with tariffs complicating the path further.
The University of Michigan's Consumer Sentiment Index sits at 57.3, a 12-year low, while a 50-point political confidence gap — the widest ever recorded — is fracturing the economic picture and complicating forecasts for consumer spending.
The Department of Government Efficiency claims $160 billion in savings from federal workforce reductions, but a CBS News analysis shows the cuts have cost taxpayers $135 billion in severance, lawsuits, and economic disruption.
The Consumer Price Index rose just 0.2% in January, bringing year-over-year inflation to 2.4% and beating expectations. But economists warn that tariff-driven price increases could reignite inflation.
A second partial government shutdown began February 14 affecting DHS workers, while DOGE-driven workforce reductions have eliminated 72,000 federal positions. Here is what it means for your finances.
AAA projects a record 21.7 million Americans will take ocean cruises in 2026, up 4.5% year-over-year, as Norwegian Cruise Line raises its profit forecast and the travel sector defies recession fears.
A new Bankrate survey reveals that 32% of Americans expect their finances to deteriorate in 2026, the highest level of pessimism in eight years, as inflation fatigue and political uncertainty erode confidence.
The IRS has lost 19,000 employees in the past year, seasonal hiring is at 2% of target, and new direct deposit requirements add complexity. Here is what to know about getting your 2026 tax refund.
The 2026 tax filing season is projected to deliver a record $370 billion in refunds, with the average household receiving roughly $1,000 more than last year thanks to the One Big Beautiful Bill Act's tax cuts.
U.S. retail sales rose 0.2% month over month and 5.7% year over year in January 2026, marking four consecutive months of growth. Clothing stores led all categories with 9.4% annual gains as the American consumer defied recession predictions.
New data shows the K-shaped economy is widening as middle-income consumers cut spending and trade down to cheaper products while affluent households spend at record levels.
Americans are projected to spend a record $29.1 billion on Valentine's Day 2026, up from $27.5 billion last year, with average budgets hitting $200 for the first time as pet gifts surge 24%.