Senior Tax Deduction: $6,000 Break Has a Deadline Next Week
The $6,000 senior tax deduction is still claimable, and the Oct. 15 extension deadline is days away.
Economy
Plays the latest stories back to back
U.S. Budget Deficit Hits $2 Trillion, and Washington Isn’t Blinking
The federal deficit hit about $2 trillion for fiscal 2026, up $218 billion, and deficit reduction is barely a campaign topic. Here is where the money went.
Bessent Treasury Turnover: WSJ Report Details Temper and Exits
A WSJ investigation says Treasury Secretary Scott Bessent's temper has driven senior departures. Bessent pushes back, and the vacancies are real.
Stock Market Slides as Treasury Yields Climb and Oil Jumps 5%
Stocks fell Thursday as Treasury yields hovered near 24-year highs and oil jumped about 5% on Hormuz tanker attacks. Here is what is driving the pullback and what it means…
Mortgage Rates Hit 7.49%, the Highest Level Since November 2023
The average 30-year mortgage rate has climbed to 7.49%, per the MBA, the highest in nearly three years. Treasury yields, oil, and debt worries are driving the surge.
Congress Killed the Penny. Now Washington Is Taking Aim at the 13-Cent Nickel
The penny is already on its way out. Now lawmakers are confronting an even stranger piece of American pocket change: a five-cent coin that costs roughly 13 cents to manufacture.…
China’s Banking Shake-Up: 670 Rural Lenders Disappear as Beijing Consolidates Financial System
China’s banking landscape is undergoing one of its biggest restructurings in years. Hundreds of smaller lenders are disappearing as Beijing tries to strengthen its financial system. The changes come as…
Amazon Prime Is Bringing Back 20¢-Off Gas Fridays — Here’s How It Works
Amazon Prime members are getting another perk at the pump. Beginning Friday, October 2, 2026, eligible Prime members in the United States can save a total of 20 cents per gallon every…
Morgan Stanley Picks Dallas for Massive U.S. Hub, Bringing 3,800 Jobs and $684 Million Investment
The Wall Street giant is making a major bet on Dallas as North Texas continues its rise as one of America’s most important financial centers. Dallas just landed another heavyweight…
Fed Chair Kevin Warsh Hikes Interest Rates — Why Trump Is Angry and What It Means for the U.S. Economy
Federal Reserve Chair Kevin Warsh just made one of the most consequential decisions of his young tenure at the central bank — and it puts him directly at odds with the president…
U.S. Housing Market Faces New Test as August Existing-Home Sales Report Arrives Thursday
The U.S. housing market is back in focus Thursday as investors, homeowners, real estate professionals and prospective buyers await the latest reading on existing-home sales. The National Association of Realtors…
U.S. Treasury’s 10-Year Note Auction Could Be a Major Test for Markets Wednesday
September 8, 2026 The U.S. bond market is heading into a potentially consequential Wednesday as the Treasury Department prepares to auction $39 billion of 10-year notes, putting investor appetite for American…
Netherlands Moves Billions in Gold Out of U.S. and Canada as Geopolitical Risks Rise
The Dutch central bank has shifted roughly 86 metric tons of gold from its North American holdings as it restructures where the country stores one of its most important financial…
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