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