Politics Jun 27 Supreme Court strips Securities and Exchange Commission of key enforcement tool The justices ruled in a 6-3 vote that people accused of fraud by the SEC, which regulates securities markets, have the right to a jury trial in federal court. The decision could have far-reaching effects on other regulatory agencies. By Mark Sherman, Associated Press
Economy Jun 24 ‘Supply crunch has led to an affordability crunch.’ Yellen announces efforts to help with increased housing costs The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. By Fatima Hussein, Associated Press
Economy Jun 22 Watch 6:36 Why lower-income renters in Austin are struggling to find affordable housing Rents nationwide have cooled from historic highs, according to the latest inflation figures. Austin, Texas, is one of the places where rents are showing a downward trend, but lower-income families say their rents are often staying the same or even… By Blair Waltman-Alexin, Austin PBS
Economy Jun 21 U.S. home sales fall again amid rising mortgage rates and record-high prices Despite the pullback in sales, home prices climbed compared with a year earlier for the 11th month in a row. By Alex Veiga, Associated Press
Jun 20 Former Vice President Mike Pence’s foundation launches $10 million campaign to preserve Trump-era tax cuts set to expire By Lisa Mascaro, Associated Press Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts. Continue reading
Jun 19 Overdue credit card debt is the highest its been in more than a decade. Here’s what to do if you’re at risk By Cora Lewis, Associated Press Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills. Continue reading
Jun 18 Congressional Budget Office raises federal budget deficit projection by $400 billion By Fatima Hussein, Josh Boak, Associated Press Deficits are a problem for lawmakers in the coming years because of the burden of servicing the total debt load, an aging population that pushes up the total cost of Social Security and Medicare and rising health care expenses. Continue reading
Jun 18 High inflation curbs spending as retail sales rise a meager 0.1% in May By Anne D'Innocenzio, Associated Press Retail sales rose 0.1% in May, below the pace that economists projected, according to the Commerce Department. Continue reading
Jun 15 How Elon Musk’s $44.9B Tesla pay package compares to other top U.S. CEO plans By Tom Krisher, Associated Press Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk’s record-setting Tesla compensation dwarfs them by comparison. Continue reading