(NEW YORK) -- Americans' credit card balances climbed to a new record high $1.13 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.Credit card debt increased by $50 billion in the fourth quarter of 2023 alone, a 4.6% jump... Read More.
(WASHINGTON) -- The House voted Wednesday night to pass a bipartisan tax bill that would enhance the popular Child Tax Credit to benefit millions of American families.The House voted 357-70 to pass the measure -- a rare bipartisan win. It now goes to the... Read More.
(WASHINGTON) -- After long negotiations, the House is set to vote Wednesday on a bipartisan tax bill that would enhance the popular Child Tax Credit to benefit millions of American families.The $78 billion tax package called the Tax Relief for American Families and Workers... Read More.
(NEW YORK) -- U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone.Americans' combined credit card balances topped $1 trillion dollars last year, according to the Federal Reserve Bank of New York.By comparison, combined credit... Read More.
(WASHINGTON) -- A new, bipartisan tax framework unveiled by lawmakers Tuesday would enhance the popular Child Tax Credit to benefit millions of American families.The proposal, released by Democratic Sen. Ron Wyden and Republican Rep. Jason Smith, would boost the refundable portion of the credit people... Read More.
(The Center Square) – Employers in Tacoma will qualify for $1,000 in tax credits if they hire people with disabilities starting in 2024. ... Read More.
(NEW YORK) -- Credit card debt climbed to a record high in the third quarter of 2023, surging nearly 5% from the previous quarter and leaving a growing share of borrowers late on payments, a Federal Reserve report this week showed.The report demonstrates the... Read More.
(The Center Square) - Washington's Working Families Tax Credit doled out more than $108 million, Senate Democrats said. ... Read More.
(NEW YORK) -- Former President Donald Trump is on trial in New York in a $250 million lawsuit that could alter the personal fortune and real estate empire that helped propel Trump to the White House.Trump, his sons Eric and Don Jr., and Trump... Read More.
(NEW YORK) -- Mortgage rates stand at their highest level in more than two decades. The average rate for credit card holders tops anything on record at the Federal Reserve. Car loans have returned to 2008 levels, car research group Edmunds found.Pain-inducing interest rates... Read More.
(NEW YORK) -- Generation Z is racking up more credit card debt than previous generations, while Generation X holds the highest average of credit card debt, according to recent data from Credit Karma.Between April and June 2023, Gen Z, people born between 1997 and... Read More.
(WASHINGTON) -- President Joe Biden is leaning into the political branding "Bidenomics" as his 2024 reelection effort kicks into high gear.He and top advisers renewed their push to keep improving economic news and his overall sprawling vision in the public eye with a stop... Read More.