Fed to begin tapering its assets, economists say it will send interest rates higher

The Federal Reserve announced after its November meeting that it will begin tapering its economic stimulus. Here's what that could mean for interest rates.

Student loan forgiveness memo: Expert says Biden has authority to cancel student debt

The White House recently released a memo about canceling debt for federal student borrowers, but the text was heavily redacted. Here's what one expert thinks that means.

Holiday shoppers plan to spend more money in 2021 after 2 years of decline, TransUnion finds

Many consumers are planning on spending more money this holiday shopping season amid supply chain issues. Here's how consumer behavior may change the way you finance holiday expenses.

US consumer prices jumped 6.2% in past year, highest inflation rate since 1990

Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.

Biden administration begins notifying borrowers of student loan servicer changes

FSA began notifying borrowers of changes to their federal student loan repayment plans. Here's what you should know if your loan servicer is changing.

Lone Star Rally kicks off for first time since COVID-19 put event on hiatus
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The Lone Star Rally down in Galveston is back for the first time since COVID-19 brought festivals and large gatherings to a halt. FOX 26?s Gabby Hart shares more on the return of this biker event, which has a lot of small businesses and vendors excited.

Rising consumer prices may be here to stay, according to financial experts

We've all noticed prices for all kinds of things, have been on the rise. Manufacturers have blamed COVID-19 and supply-chain challenges for their price hikes. Some experts say the added cost is likely to stay.

More price hikes on the way in Houston
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We've all noticed prices for all kinds of things, have been on the rise. Manufacturers have blamed COVID-19 and supply-chain challenges for their price hikes. FOX 26?s Business Reporter Tom Zizka says the added cost of living is likely to stay.

26 states file suits against Biden's vaccine mandate for big companies

At least 26 Republican-led states filed lawsuits challenging a COVID-19 vaccine mandate for employers issued by President Biden's administration.