Mortgage rates rise as debt limit impasse lingers: Freddie Mac

The average rate for a 30-year fixed-rate mortgage increased to 6.57% for the week ending May 25, according to Freddie Mac's Primary Mortgage Market Survey.

Battle over student loan forgiveness continues between lawmakers
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Millions of student loan borrowers are awaiting a decision by the Supreme Court on whether or not the president's forgiveness plan will stand. In the meantime, Republican lawmakers are doing what they can to put a stop to the debt relief proposal.

US debt ceiling stalemate, country at risk of running out of money to pay bills
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With just one week to go until the country could hit it's credit limit and start defaulting on it's debts, lawmakers are headed home. FOX's Caroline Shively reports from Washington where it doesn't look like a deal will be reached before the holiday weekend.

Behind on your retirement savings? Here's one feature that can help workers catch-up

Automatic enrollment into a workplace savings plan could help close the gap for Black and Latino employees that might otherwise have lower plan participation rates, according to a recent Voya Financial study

Debt ceiling talks stuck, sides 'far apart' as June 1 deadline nears

A defiant House Speaker Kevin McCarthy says the debt ceiling standoff is “not my fault" after he sent Republican negotiators to the White House to finish out debt limit talks.

House votes to cancel Biden’s $400 billion student loan handout

The House voted Wednesday to repeal President Biden’s plan to forgo more than $400 billion in federally backed student loan debt.

Digital tip jars: How new tipping trend works
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It seems the tip jar is a thing of the past. Most places are asking customers to pay gratuity through a screen. So how does digital tipping work?

Shopping for cheaper insurance hits a new high as Americans seek relief from rising rates: J.D. Power

The rate at which drivers were given new auto insurance quotes increased by 13.1% in the first quarter of 2023 – the highest rate since June 2021. And the switch rate increased by 4.1%, according to J.D. Power report.

Debt ceiling: No agreement yet, but Biden, McCarthy say they're optimistic after meeting

President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling.

America's debt hits new record of more than $17 trillion: NY Fed

Consumer debt reached a record of $17.05 trillion in Q1 2023. Many Americans still deal with high inflation and are seeking help from their financial institutions, reports say.