A defiant House Speaker Kevin McCarthy said the debt ceiling standoff was “not my fault” as Republican negotiators and the White House failed to finish out talks.
WDBJ7 spoke with Justin Garrison, an associate professor of political science at Roanoke College, to hear about the potential impacts a default would have.
By The Associated Press and LISA MASCARO and STEPHEN GROVES Associated Press
Financial markets are teetering as Washington edges closer to a debt default crisis that would be unprecedented in modern times, sending shockwaves around the globe.
42% of Americans plan to take a vacation this summer involving a flight or a hotel, according to a new NerdWallet study. With the burden of inflation looming, Consumer Investigator Rachel DePompa has ways to cut costs in this Watching Your Wallet.
Bank fees costs Americans billions of dollars each year. Consumer Investigator Rachel DePompa speaks to an expert from MoneyTips about how to avoid fees and protect your wallet.
By The Associated Press and LISA MASCARO, FARNOUSH AMIRI and ZEKE MILLER Associated Press
President Joe Biden’s administration is racing to strike a deal with Republicans led by McCarthy as the nation careens toward a potentially catastrophic debt default if the government fails to increase the borrowing limit to keep paying the nation’s bills.
Money is one of the most common topics of controversy between couples. Consumer Investigator Rachel DePompa talks to a financial coach from Virginia Credit Union about ways couples can manage their money together.
Recently, there has been a lot of talk about the debt ceiling. Virginia Tech public policy professor David Bieri describes it as the limit of spending and the government meeting its legal obligations - or more simply - the government paying its bills.
Applying for a job can be intimidating, especially if you’re fresh out of college with limited experience. Consumer Investigator Rachel DePompa sits down with a negotiating expert from the Shapiro Negotiations Institute to help navigate those intimidating job interviews.
Freezing your credit is the safest way to protect accounts from cyber criminals, but there is a little-known side effect that could cost you. Consumer Investigator Rachel DePompa speaks with an expert from Virginia Credit Union to explain.
Senator Tim Kaine (D-Virginia) says Republicans are flirting with default and financial disaster in an effort to force spending cuts. Wednesday afternoon, he said they are ill-informed and he urged them to reconsider.
The Fed’s rate increases over the past 14 months have more than doubled mortgage rates, elevated the costs of auto loans, credit card borrowing and business loans and heightened the risk of a recession.
By The Associated Press and KEN SWEET AP Business Writer
It is the second-biggest bank failure in U.S. history, behind only Washington Mutual, which collapsed at the height of the 2008 financial crisis and was also taken over by JPMorgan.
529 plans are a great way to save for your child’s future education costs. Consumer Investigator Rachel DePompa explores one way to get creative with The College Investor when it comes to college savings.
It's never too early to start teaching your kids about money, especially instilling in them what it means to "earn interest.” Consumer Investigator Rachel DePompa shares a few simple lessons to try out with your child.
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