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Economy
478 posts
Mortgage Rates Remain Essentially Flat as the Housing Market Waits for a Fall Reprieve
Mortgage rates inched up—just barely—this week, with the average rate for a 30-year fixed home loan going from 6.77% last week to 6.78% for the week ending July 25, according to Freddie Mac. “Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year,” Sam Khater
In America’s Country Music Capital, the High-End Housing Market Is Humming
Nashville’s not just the home of country music, it’s also home to a prosperous luxury real estate market, according to the latest Wall Street Journal/Realtor.com Housing Market Ranking, released Thursday. The Tennessee capital topped the luxury cut of the second quarter ranking U.S. housing markets, putting an end to the three-quarter reign of Portland, Maine
The Coverup Continues: GovTrack Gives Excuse for Deleting Website That Ranked Harris as 2019’s ‘Most Liberal Senator’
GovTrack offered an excuse for abruptly deleting its scorecard that ranked Vice President Kamala Harris as the #1 most liberal senator in 2019, claiming the data was, suddenly, “not sufficient to create a reliable portrait of the activity of legislators.” Breitbart News covered GovTrack’s 2019 scorecard on Monday, which ranked Harris as the most liberal U.S.
Poll: Dave McCormick Narrows Gap Against Democrat Bob Casey
Pennsylvania Republican U.S. Senate candidate Dave McCormick is closing the gap against Sen. Bob Casey (D-PA), according to a poll released on Thursday. The most recent Emerson College/The Hill poll found Casey is leading McCormick by 48 to 44 percent, with eight percent undecided. Casey’s lead against McCormick has dropped two points from his six-percent
He plays rich on screen, but this 59-year-old dreams of full-time work in real life: ‘Why can’t I get a living wage?’
Editor’s note: This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Doug Sharp, 59, Los Angeles After he got a business degree from the University of Massachusetts-Amherst, steady work has been hard to find. Driving for Uber and Lyft has helped bring in some money
‘Our republic is now in your hands’: Biden appeals to Americans to ‘preserve our democracy’
WASHINGTON — President Joe Biden framed the decision to end his re-election campaign as a "defense of democracy" in an Oval Office address Wednesday night. "I revere this office, but I love my country more. ... The defense of democracy, which is at stake, is more important than any title," Biden said. "I draw strength
Living off $2,400 a month, a 71-year-old widow tries to get by despite rising prices
This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Lucy Haverfield, 71, Florida With her retirement savings drained, she's living on $2,400 a month in Social Security. Rising food, utility and insurance costs have cut into her already tight budget. She frequently skips paying bills
BREAKING NEWSHouse passes resolution condemning Kamala Harris as President Biden’s failed ‘border czar’ overseeing record numbers of illegal immigration
The House passed a resolution Thursday condemning Vice President Kamala Harris as President Joe Biden's failed 'border czar.' The measure passed 220 to 196 with the support of all Republicans and the help of six Democrats. Following Joe Biden's monumental withdrawal from the presidential race, Republicans started focusing their attacks against Kamala Harris' handling of the
Biden’s Oval Office address now hands debate over democracy to Harris
CNN — President Joe Biden saved his most powerful argument against Donald Trump for the moment he explained to the nation why he was no longer the person to make it. In his primetime Oval Office address on Wednesday, Biden ceded the political stage to Kamala Harris, ushering in an unusual period heading into the
U.S Economy Accelerates By More Than Expected, Yet Inflation Remains Stubborn
The U.S. economy grew at an annual pace of 2.8 percent in the second quarter, much faster than the two percent forecast by Wall Street analysts. The stronger-than-expected growth indicates that the economy has continued to expand despite high interest rates, calling into question the need for a rate cut from the Federal Reserve in