Holiday shoppers plan to spend nearly $1,000 this year, survey finds: 3 tips to avoid overspending

Consumers plan to spend $998 this holiday shopping season, according to a National Retail Federation (NRF) survey. Here's how you can overcome higher prices amid shipping delays and labor shortages to take advantage of holiday sales.

Economists: expect inflation to stick around, but it’s not time to panic

On Tuesday, the U.S. Treasury Secretary and Chairman of the Federal Reserve testified in front of a Senate committee commenting on rising inflation rates.

Biden promotes infrastructure law, pushes social spending during Minnesota visit

President Joe Biden used his first trip to Minnesota as president to promote the recently passed $1.2 trillion infrastructure law and to press Congress for an even bigger climate change and social spending package.

Powell says Federal Reserve may accelerate pullback in economic support

Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.

Democrats push Biden to cancel student loans after House passes Build Back Better

Progressive lawmakers are calling on President Biden to cancel student loan debt as some Americans have qualified for forgiveness under borrower defense, total and permanent disability (TPD) discharges and a limited PSLF waiver.

Expanded child tax credit would permanently reduce child poverty, CBPP finds

Build Back Better would make the Child Tax Credit permanently available to low-income families. But the trillion-dollar spending plan faces hurdles in Congress before it can be signed into law.

Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays

Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.

Strong Cyber Monday sales expected but could fall short of 2020 spending

Both Black Friday and Thanksgiving Day online shopping came in below Adobe's prediction. On Black Friday, online sales reached $8.9 billion, down from the $9 billion in 2020.

Retired housekeeper wins $50K in scratch-off lottery for 3rd time

A 61-year-old Maryland woman has won $50,000 in scratch-off lotteries for the third time since 2018. And the winning tickets all came from the same store.

Biden's Build Back Better bill: Half of voters support plan but many fear inflation will worsen, poll shows

Nearly 50% of voters support Biden's Build Back Better plan, a new poll showed. But many are also worried it could worsen inflation rates. Here's what that means for interest rates.

Getting life insurance while you're young and healthy can save you thousands

The longer you wait to lock in a life insurance premium, the higher your monthly rate will be. Find out how taking out life insurance while you're young and healthy can save you thousands of dollars.

Stocks sink on new COVID variant; Dow loses 1,000 points

A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.