What Is The Debt Ceiling, And What Could Defaulting Mean?
The debt ceiling is the legal limit on the total amount of federal debt that the US government can have outstanding. Read ...
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What does January’s inflation report mean for me?
Here’s what Wednesday’s inflation report means for your wallet and how it could impact the Fed’s next interest rate decision.
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When the FDIC took extraordinary action and it paid off
The Federal Deposit Insurance Corporation can cover deposits that are not insured. They did that in 2023, which required authority from the treasury secretary.
Trump wants to scrap pennies. What does that mean for the copper industry?
The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the ...
Here's what the privatization of Fannie Mae, Freddie Mac may mean for homebuyers and investors
Two mortgage giants essential to the U.S. housing market could be released from the government into the private sector. What ...
What will dismantling the Education Department mean for your student loans?
The Trump administration is gearing up for large changes to the Department of Education, which oversees a $1.6 trillion ...
Trump promised no new pennies — here’s how that would work
The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...
Sen. Chris Murphy: "We Are Staring The Death Of Democracy In The Eyes Right Now"
Connecticut Democrat Sen. Chris Murphy told CNN on Monday night that the Trump administration threatening to ignore court orders to halt cuts to federal government agencies is "a really dire moment" ...
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Getting rid of the penny could mean the need for more nickels, which costs even more money to make
Getting rid of the penny, which cost the government 3 cents each, could end up costing the Treasury Department money if it ...
What is the total US debt, and who owns it?
The United States’ national debt has surged to nearly $36 trillion, making it a cornerstone of the global financial system. US Treasury bonds are widely held by governments, financial institutions, ...
Elon Musk's access to Treasury's payment system is raising alarms. Here's what to know.
Elon Musk's control of a federal payment system is raising concerns about funding for programs like Social Security and the ...