The housing market continues to experience challenges. The Federal Home Loan Mortgage Corporation (Freddie Mac) reported that the average rate for a 30-year-fixed-rate mortgage neared 7 percent this…
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Treasury Secretary Leads Financial Literacy and Education Meeting
She reviews the implementation required for the Treasury’s financial inclusion strategy. Secretary of the Treasury Janet Yellen spoke at a meeting of the Financial Literacy and Education Commission…
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The Role of Taxes
Recent surveys indicate that about 60 percent of Americans believe the current tax system unfairly benefits the wealthy, while only 20 percent feel that tax hikes are necessary and properly distributed. This divide reflects the larger conversation about tax fairness and government accountability.
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FTC Issues Refunds to Consumers Misled by Credit Karma’s False “Pre-Approval” Claims
Refunds target misleading credit offers promising high odds of approval. The Federal Trade Commission (FTC) is distributing more than $2.5 million to nearly 51,000 consumers misled by Credit…
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Federal Judge Rules Meta Must Face FTC Antitrust Case
The acquisition of WhatsApp and Instagram triggered the federal suit. District Judge James Boasberg has denied Meta’s request to dismiss an antitrust case filed by the Federal Trade…
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Energy Department Replenishes SPR with Final Oil Purchase
2.4 million barrels purchased for $75 per barrel delivered to facility. The Department of Energy (DOE) announced that it has fully replenished the U.S. Strategic Petroleum Reserve (SPR). President…
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FTC Refunds Consumers for Deceptive Alcohol-Craving Supplement Claims
Purchasers of Sobrenix receive compensation after FTC addresses unsubstantiated health claims. The Federal Trade Commission (FTC) is issuing more than $536,000 in refunds to consumers who purchased Sobrenix,…
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Paying Taxes to fund the Nation
Tax increases are always a topic of interest and concern for many U.S. citizens, as they can have a direct impact on household budgets, consumer spending, and overall economic activity. As of 2024, many Americans are wondering: Are U.S. taxes rising, and if so, what’s driving these increases?
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Federal Reserve Cuts Interest Rates
It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
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IRS Outlines Inflation-Adjusted Deductions for 2025 Tax Year
The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers. The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025,…
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