Congress cash money

Congress can't agree on raising the debt limit, just days before the government runs out of money to pay its bills.

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The trending TikTok ban is gaining steam on Capitol Hill where lawmakers are working on two bills to ban the app; one seeks to ban it from government devices – the other wants a total nationwide ban.

Travelers check in at an airline ticket counter in Chicago, Wednesday, Nov. 23, 2022. The Federal Reserve is set to raise its benchmark short-term rate on Wednesday, Dec. 14, for a seventh time this year. (AP Photo/Nam Y. Hu, file)

After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation. At the same time, the Fed is expected to signal that it plans more hikes next year than it had previously forecast to try to conquer the worst inflation bout in four decades. 

A CSX freight train sits on a siding in downtown Pittsburgh Saturday, Nov. 19, 2022. (AP Photo/Gene J. Puskar)

President Biden's deal to keep the railroads running has gone off track. That means the threat of an economically crippling nationwide railroad strike is back as a very real possibility.

student loan forgiveness

A federal judge in Texas has struck down the Biden administration's student debt relief program Thursday, calling it "unlawful". 


Inflation is about to hit home in yet another assault on family budgets. This time it's due to a chilling increase in heating prices along with expectations for a winter that's colder than normal.

People shop at a grocery store in Glenview, Ill., Monday, July 4, 2022.  (AP Photo/Nam Y. Huh)

President Joe Biden hailed the good news about third-quarter growth in the nation's GDP, but economic forecasts remain gloomy due to the highest mortgage and interest rates in decades, along with soaring inflation.

SpaceX owner and Tesla CEO Elon Musk. (Hannibal Hanschke/Pool via AP)

Elon Musk posted video Wednesday showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion deal to buy the company. 

Markets in Turmoil

Top economists this week say it's certain the United States will face a recession in the next year. It's a blow to President Joe Biden, who's making moves to lower gas prices right before the mid-term elections. 


The IRS is helping Americans protect their income from rapidly rising food, gas, and energy prices, that have already taken a chunk out of their pockets.