The House came to a hotly debated $1.1 trillion budget deal last night, just minutes ahead of a midnight deadline. The deal includes a large package of tax breaks which passed before the deadline, and a mammoth spending bill which the House will vote on this Friday. Under opposition from House...
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The 12-member Federal Open Market Committee (FOMC) meets today in Washington, D.C., to decide whether to enact the first interest rate hike in nearly a decade. The FOMC has kept the federal funds rate, the interest rate at which banks lend money held at the Federal Reserve to each other, steady at...
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In a sign that the high price of college is taking its toll on the personal finances of student households, postsecondary enrollments in the fall of 2015 were down 1.7 percent from a year earlier, to a total of 19.3 million enrollments. The components of the drop included 4-year for-profit...
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How did a $200 return ticket to Vegas burst into a financial mushroom cloud? Was it paying for 2 pieces of luggage at check-in? The $100 for the third piece (full of shopping and souvenirs) on your way back? Changing your flight did add $90, and having to do it on the phone cost another $25. You...
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The nation's measure of inflation, the seasonably adjusted Consumer Price Index for all Urban Consumers (CPI-U), was unchanged in November, according to the U.S. Bureau of Labor Statistics. This maintained the 0.5 percent increase in the 12-month unadjusted CPI-U, and is the largest 12-month...
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