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National Debt Tracker: American taxpayers (you) are now on the hook for $34,552,930,923,742.92 as of 5/17/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Fed Chairman Powell tests positive for COVID-19
Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday and is currently working from home while experiencing symptoms, according to his office.
Interest costs on the national debt just surpassed spending on defense, Medicare
From just four decades ago, the debt skyrocketed from $907 billion to more than $34.5 trillion as of Wednesday afternoon, according to the latest Treasury Department figures.
Car insurance rates surge again, keeping inflation elevated
The cost of auto insurance jumped 1.8% in April, bringing the total annual gain to 22.6%. The problem could soon get worse before it begins to improve.
Homeowners insurance premiums rising amid mounting weather-related losses, inflation: report
Homeowners insurance premiums have surged in recent years due to a rise in claims caused by severe weather in states with growing populations, according to a new report by Moody's.
Celebrity chef says restaurant-goers are still seeing high menu prices because of this 'No. 1 problem'
While food inflation has proven sticky across America, celebrity chef David Burke claims that's not the biggest contributor to rising industry prices.
Credit card debt is surging as average American owes $6,218
New data published Thursday by TransUnion shows the average debt per borrower hit $6,218 at the end of the first quarter, an 8.5% increase from one year ago.
Mortgage rates drop for second straight week to 7.02%
Mortgage rates are down for the second week in a row, with the 30-year fixed rate averaging 7.02% and the 15-year note falling to 6.28% as the housing affordability crisis drags on.
You might get a bigger Social Security check next year. Here's why
The Seniors Citizens League estimates that Social Security beneficiaries could receive a 3% cost-of-living adjustment in 2025 as inflation gains steam.
How it started... How it's going: Home, energy, car bills way up thanks to inflation
Prices for housing, energy, and car insurance and repairs have all significantly increased since President Biden took office, according to the latest economic data.