Here's what the Fed's interest rate pause means for your money
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
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After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
The debt ceiling deal has cleared both chambers of Congress and is headed to the president's desk.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
The U.S. may be unable to pay its bills within weeks if Congress does not raise or suspend the debt ceiling.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
The federal government caps the amount of money it can borrow. But what are the risks if Congress fails to lift the debt limit?
Without congressional action, the U.S. could default as soon as June, she wrote in a letter Friday.
Bernanke says it's very important that Congress raise the debt ceiling so the government can pay its bills.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
The debate over raising the debt limit is back, as House Republicans vote on a measure to block the increase on Wednesday.
President Obama signed a bill to raise the nation's borrowing limit on Tuesday, just hours after the Senate voted 74-26 in favor of the deal that will cut government spending by trillions and effectively raise the debt ceiling through the end of 2012.
Congress could vote today on a deal to avoid the first ever government default in U.S. history.
Detroit Lions linebacker Alex Anzalone has broken his left forearm and is expected to miss six to eight weeks, another blow to a defense that has been hit hard by injuries.
Clifton R. Wharton Jr., former Michigan State University president and pioneer, is dead at the age of 98, the school said.
Pawsitive Stretch in Farmington Hills holds puppy yoga sessions in an effort to find young dogs their forever home.
Bluesky reported one million new users after President-elect Trump tapped X owner Musk for his next administration.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Jared Goff threw two of his four touchdown passes to Amon-Ra St. Brown and the Detroit Lions routed the Jacksonville Jaguars 52-6 on Sunday.
Detroit Lions linebacker Alex Anzalone has broken his left forearm and is expected to miss six to eight weeks, another blow to a defense that has been hit hard by injuries.
A 43-year-old woman is dead after being hit by three vehicles in Monroe County late Saturday, and authorities are looking for the first driver that hit her, the Monroe County Sheriff's Office says.
General Motors announced Friday it was laying off nearly 1,000 salaried workers worldwide.
Family and friends remembered the life of 7-year-old Jerome Coleman Jr. Saturday, one week after the fatal crash involving an alleged drunk driver.
General Motors announced Friday it was laying off nearly 1,000 salaried workers worldwide.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Ford Motor Co. will pay a penalty of up to $165 million to the U.S. government for moving too slowly on a recall and failing to give accurate recall information.
Earlier this week, the automaker announced that it was indefinitely laying off 1,100 union-backed workers at its Toledo South Assembly Plant.
Stellantis, which owns brands like Chrysler, Dodge, Fiat, Jeep and Ram, says the job cuts are effective Jan. 5, 2025.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Tickets go on sale Friday, November 22 at 10 a.m.
"America demanded it and now it's happening: Taco Bell's new Cheesy Chalupa Supreme. In other news, I'm hosting the Oscars," Conan O'Brien said.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Video showed nearly a dozen people wearing black pants, shirts and head coverings and red masks covering their mouths marching down the street. Three of the people were carrying black flags with red swastikas.
Mr. Biden has made addressing climate change a key part of his policy agenda.
Bela Karolyi and his wife Martha defected to the U.S. in 1981, and over the next 30-plus years, became a guiding force in American gymnastics, though not without controversy.
The U.S. Centers for Disease Control and Prevention has said slivered onions on the McDonald's Quarter Pounders were the likely source of the E. coli.
In September, nurses submitted cards of interest to the National Labor Relations Board, which then approved the right to hold a formal vote
The FDA's Dr. Peter Marks says he hopes to keep his job under a second Trump term, and urges Robert F. Kennedy Jr. to "keep an open mind."
U.S. Consumer Product Safety Commission issues urgent safety alert after ninth recall of adult bed rails in three years.
The DOJ has notified the Michigan Department of Health and Human Services and the Michigan State Attorney General's Office of the investigation.
Overdose deaths have slowed 18% since a peak last year, the CDC estimates.
Dylan Larkin scored the only goal for the Detroit Red Wings in Saturday's 4-1 loss to the Los Angeles Kings.
The Detroit Lions (9-1) easily dispatched the Jacksonville Jaguars 52-6 on Sunday, marking their eighth straight win.
Bela Karolyi and his wife Martha defected to the U.S. in 1981, and over the next 30-plus years, became a guiding force in American gymnastics, though not without controversy.
The Michigan State Spartans have now lost six of seven games following Saturday's 38-16 loss to Illinois.
Malik Beasley scored seven of his 20 points in the fourth quarter, Cade Cunningham had 15 points and 10 assists and the Detroit Pistons beat the struggling Toronto Raptors 99-95.
How did the Democrats lose so many races at once?
In Michigan, the Democrats have control of the governor's mansion and both state houses.
In Michigan, the Democrats now have control of the governor's mansion and both state houses.
Both party chairs also talked about the ground game as each looks for independent voters and those who haven't voted in a while they hope to inspire to show up on Nov. 5.
Trump and Harris and their anointed representatives continue to make campaign stops in Detroit, Grand Rapids, Flint and other places in Michigan, a critical battleground state.
A mild start to the work week
Pawsitive Stretch in Farmington Hills holds lively puppy yoga sessions in an effort to find young dogs their forever home.
A 43-year-old woman is dead after being hit by three vehicles in Monroe County late Saturday, and authorities are looking for the first driver that hit her, the Monroe County Sheriff's Office says.
The NFC-leading Detroit Lions easily dispatched the Jacksonville Jaguars Sunday, marking the team’s eighth straight win.
Leader Dogs for the Blind is seeking some dog lovers to help socialize and teach obedience skills to 70 new puppies.