The U.S. House of Representatives has passed a bill to reopen the federal government, ending the government shutdown after a record-long 43 days. The White House says President Donald Trump is prepared to quickly sign the bill, which will fund the government through Jan. 30, without extending the expiring health care subsidies Senate Democrats had … Read more
Federal Reserve policymakers appear increasingly divided over whether to cut interest rates again in December, and even the resumption of federal economic reports as the government reopens may not settle the debate. Last month, after the rate-setting Federal Open Market Committee voted to cut rates for the second time in a row, Chair Jerome Powell … Read more
The Senate bill to reopen the federal government is headed to the House for a final vote, bringing an end of the longest shutdown in U.S. history closer—as the economic toll from the disruption continues to mount. The length of time it takes the Republican-controlled Congress to pass the funding package could cost the economy … Read more
The Senate reached a deal on Sunday aimed at ending the longest government shutdown in U.S. history—a move that could have significant implications for the housing market. After a weekend of negotiations led by Senate Majority Leader John Thune, eight members of the Senate Democratic Caucus agreed to support Republicans in a 60-40 vote on … Read more
Consumer confidence about the economy declined slightly in October, driven by Americans’ concerns over the ongoing federal government shutdown, rising inflation, and future scarcity of jobs. The Consumer Confidence Index, a measure of U.S. consumers’ sentiments about personal finances and the economy, slipped 1 point in October, to 94.6, from an upwardly revised 95.6 the … Read more