Debt ceiling talks hinge on budget cuts. Here's where the money goes.
Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.
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Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.
The credit agency said the "brinkmanship over the debt ceiling" signals an increasing risk to the creditworthiness of the nation.
The surge in real estate prices, coupled with rising mortgage rates, has made buying a home prohibitively expensive in most larger cities.
The Boston Dynamics-manufactured canine was offered as a donation to the city's police department.
Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
With the cost of a bachelor's degree approaching $90,000 per year at some schools, an associate's program may be more financially feasible — and lucrative.
The emergence of "superintelligence" will be impossible to stop, Sam Altman wrote in a blog post.
The commencement speech by David Zaslav was met with angry chants and signs about the ongoing writers strike.
An arbitration panel ruled a software expert won the My Pillow CEO's election-fraud contest and is entitled to the winnings. But he hasn't been paid, the filing alleges.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Disney's Lake Nona development, which would have brought 2,000 new jobs, is scuttled amid a year-long battle with Governor Ron DeSantis.
There's little evidence that work requirements for programs like food stamps or Medicaid actually boost employment, experts say.
A 2022 lawsuit had claimed the bank knowingly benefited from Epstein's sex trafficking in order to profit from doing business with him.
Organized retail crime is impacting Target and other retailers, and shoppers can be in "harm's way," CEO Brian Cornell said.
Organized retail crime is impacting Target and other retailers, and shoppers can be in "harm's way," CEO Brian Cornell said.