Price of Biden's student loan repayment plan could double as take-up increases, report says

Cost estimates more than double for Biden's federal student loan repayment overhaul – considered a fallback for the administration's stalled forgiveness plan – when a bigger uptake of the program is factored in, a recent report said.

Houston among five cities selected to mentor small businesses

Local small businesses have an opportunity, for the next month, to win some valuable guidance and some operating cash to grow.

New mentor program launched targeting Houston small businesses
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Small businesses in Houston have an opportunity, starting Monday to win some valuable guidance and some operating cash to grow. FOX 26 Business Reporter Tom Zizka has more.

Tax Season 2023: Here's how the Inflation Reduction Act might impact your refund this year

The IRS received nearly $80 billion in funding under the Inflation Reduction Act and said it has already hired more than 5,000 new telephone assistors and added more in-person staff to help taxpayers with filing this year.

High prices and interest rates will keep drivers from buying cars in 2023: survey

Forty-nine percent of drivers said they did not intend to purchase a new car in 2023, but 38% said they would consider buying a car this year if prices fell, according to a recent survey by Jerry, a car compare-and-buy service.

The Issue Is: The case for casino gambling in Texas

The possibility of legalizing gambling in Texas has improved. State Senator Carol Alvarado speaks more on Texas rolling the dice on gambling and the effects it could have on the economy.

517,000 jobs created in January 2023
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Just days after the Fed raised interest rates again, a new government report revealed employers are still hiring more people than expected. FOX 26 Business Reporter Tom Zizka is looking at the numbers and what they mean.

Economy not responding to higher interest rates, unexpectedly large jobs report

Reports say more than 500,000 jobs were created in the first month of 2023 which is not how the economy expected to act in the face of higher interest rates.

Biden’s Junk Fee Prevention Act aims to cut hidden costs

From hidden concert ticket fees to early termination fees, the Junk Fee Prevention Act aims to save Americans billions.

Scammers using AI to personalize phishing emails
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FOX 26 Consumer Reporter Heather Sullivan has some smart sense on what you should watch out for.

EXCLUSIVE: Former Houston mayor concerned about city's financial future
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The "trailblazing" former mayor Annise Parker is offering her assessment of the city's financial condition and the diagnosis is pretty "troubling" to say the least. FOX 26 Political Reporter Greg Groogan spoke exclusively and in-depth with Parker who sees big funding problems "dead-ahead" for the nation's fourth-largest city.

Biden administration approves more than 16 million borrowers for student loan forgiveness

Even though millions have been approved for the president’s student loan forgiveness initiative, the plan remains in legal battle and the Supreme Court is set to take it on in February. This is what you need to know about paying off student loan debt quickly.

Fed raises rates 25 basis points in first meeting of 2023

The Federal Reserve announced a highly anticipated interest rate increase of 25 basis points at its February meeting. Here's what it means for your wallet.