Ranking member Rep. Jim Jordan, R-Ohio, right, attends the House Judiciary Committee hearing titled Revoking Your Rights: The Ongoing Crisis in Abortion Care Access, in Rayburn Building, on Wednesday, May 18, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images House Judiciary Chair Jim Jordan, R-Ohio, sent subpoenas to …
Read More »Congress to renew fight pitting child tax credit vs. corporate cash
House and Senate champions and impacted families appear at a Dec. 7 Washington, D.C., event for expanding the child tax credit during the lame duck session. Tasos Katopodis | Getty Images Entertainment | Getty Images A “major blow” was how corporations described the failure by Capitol Hill late last year …
Read More »Sam Bankman-Fried’s two bond guarantors revealed after unsealing
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images The names of two of FTX co-founder Sam Bankman-Fried’s guarantors were revealed on Wednesday, after …
Read More »Biden administration making big change to student loan repayment
Pablo Rasero | Istock | Getty Images What is the new plan called? The new option would change one of the four current income-driven repayment plans that limit borrowers’ bills at a share of their discretionary income. Instead of paying 10% of their discretionary income a month on the Revised …
Read More »Only 9% of Americans think AI development will do more good than harm
Jonathan Raa | Nurphoto | Getty Images Artificial intelligence tools that can spit out human-like responses are suddenly the hottest part of the technology industry, with companies including Google, Microsoft, and billion-dollar startups racing to release early versions of search engines and productivity tools using the technology. Companies developing this …
Read More »U.S. cities where rent prices fell most in January
U.S. renters are finally getting a break on their rent, with prices dropping in 11 major markets in January, according to new data by online realtor Redfin. Median asking rent dropped to $1,942 last month, down from a 2022 peak of $2,053. While year-over-year rent growth is still up 2.4% …
Read More »Lawmakers set their sights on new protections for kids online
Sens. Marsha Blackburn, R-Tenn., and Richard Blumenthal, D-Conn., conduct a news conference in Capitol. Tom Williams | CQ-Roll Call, Inc. | Getty Images Lawmakers on the Senate Judiciary Committee found rare alignment at a recent hearing about how Congress can help protect kids from online harms. The hearing on Tuesday, …
Read More »Alternatives to college, apprenticeships are becoming more popular
Daniel Swan, 26, started as an apprentice and now works full time as an HVAC technician in California. Courtesy: Lee’s Air For Daniel Swan, a 26-year-old father of two, it was simply a means to a well-paying job during an uncertain time. Armed with a technical degree, Swan joined an …
Read More »Retail sales jump 3% in January, smashing expectations despite inflation increase
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales increased 2.3%, according to the report, which is not …
Read More »Mortgage demand drops as interest rates bounce higher
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images After falling for five straight weeks, mortgage rates jumped last week, triggering a decline in mortgage demand. Total mortgage application volume fell 7.7% last week, compared with the …
Read More »