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Here's why the interest rate that affects mortgages and other loans is at 3% and headed higher
The benchmark 10-year Treasury yield is on the verge of breaking 3 percent and is likely to go higher from there, taking interest rates on mortgages and a whole range of business and consumer loans higher with it. The reasons behind the move include expected Fed interest rate hikes, rising inflation
Women veterans fighting for new mission: Fixing Congress
Mikie Sherrill, a House candidate from New Jersey, talks in her first campaign video about flying missions in the Europe and the Middle East as a Sea King helicopter pilot in the Navy.
Congress should act quickly to fix Dodd-Frank's 'overcorrections'
Adam Jeffery | CNBCThe U.S. Capitol Building in Washington, D.C.With all of Washington's chaos and partisanship, it's easy to miss some bipartisan developments on the Hill that could make life much easier for consumers. A number of bills moving through Congress have the potential to ease barriers to
108 retired military officers urge Senate to probe CIA nominee Gina Haspel's ties to torture
More than 100 retired military officers sent a letter to the Senate Monday saying they are “deeply concerned” by the nomination of Gina Haspel to lead the CIA.Their letter to the Senate Intelligence Committee calls for an examination of Haspel and any ties she may have had during her CIA career to h
Breakingviews - U.S. bond yields may be throwing investors a curve
NEW YORK (Reuters Breakingviews) - The bond market may be throwing investors a curve ball. The difference between two-year and 10-year U.S. Treasury rates is the smallest since before the financial crisis. The possibility of an inversion, when long-term yields fall below short-term rates, has raised
Pompeo likely to fail committee vote, but is all but assured Senate confirmation
Secretary of State nominee Mike Pompeo will probably fail to earn the support of the Senate Foreign Relations Committee on Monday. But he has all but clinched a full Senate confirmation vote when it comes up later this week, after two more Democrats announced their support Monday. In a statement, Se
Paul Ryan and the GOP Congress should scale back Medicare and Social Security this year
In his recent biography of Ronald Reagan, historian H.W. Brands notes how Reagan the orator differed from the "flexible pragmatism" he demonstrated as president. "There are really two Reagans," Brands told me in an interview in 2016. "One is the rhetorical Reagan, you could call it the 'candidate R
Cabinet nominees -- starting with Mike Pompeo committee vote -- top of Congress' agenda this week
Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds. (CNN)The Senate Foreign Relations Committee is set to vote Monday on Mike Pompeo to be the next secretary of state, but the vote could prove to be a historic snub on the man vying to be the country's top diplo
America Is Going Even Deeper Into Debt
How much debt can the U.S. government afford? Nobody knows for sure, but it’s pushing the envelope like never before -- or at least more than it has since World War II.
Alexa, Tell Me A National Security Secret: Amazon's Reach Goes Beyond The Post Office
Amazon has been one of President Trump's favorite targets on Twitter. He's accused the company of not collecting taxes (which it does), charged it with putting retailers out of business - and focused his attacks on the tech company's relationship with the Post Office. So, the President might be surp
Congress Sets Modest To-Do List Amid Polarized Election Campaign
Republicans are showing little appetite for big action in what may be their last months in full control of Congress. The House took much of last week off and doesn't get back to Washington until Tuesday. The Senate is bogged down in confirmation hearings. And many lawmakers are already focused on th
Top headlines and a preview of the day ahead.
Yahoo Finance’sAlexis Christoforous,Jared Blikre,Rick Newman,Ethan Wolff-MannandMelody Hahmdiscuss the big stories of the day.Robert Sinclair of AAAalso joins the show to talk about gas prices. " class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm">Yahoo Finance’sAlexis Christoforous,Ja
Senate committee poised to vote against Mike Pompeo as secretary of State
CIA Director Mike Pompeo, President Trump's pick to replace former Secretary of State Rex Tillerson, testifies before the Senate Foreign Relations Committee on his nomination on April 12 in Washington. (Olivier Douliery / Abaca Press)
The Proposed Balanced Budget Amendment is a Case of Evil Intentions and Unmitigated Gall
I'm talking about the Republican Party, of course. Their propensity to lie to us must come from their belief that we're either too unaware or too dumb to figure out when they're not telling the truth - which is most of the time. And so it is with the proposed balanced budget amendment that failed in
Confirm Mike Pompeo to fill the void at State
America has been without a secretary of State for three weeks, and without one who had the trust of the White House for months before that. President Trump's unceremonious dismissal of Rex Tillerson left a void at State at a moment when talks with North Korea, rising tensions with Russia and a crisi
When a bureaucrat asks for less power, give it to him
Getty Former Congressman Mick MulvaneyJohn (Mick) Michael MulvaneyOvernight Finance: Wells Fargo hit with B fine | Top lawmakers want execs punished | Banks cash in on tax law | GOP chair blasts FDIC over data securityWells Fargo to pay billion fine to settle federal probes of mortgage, insurance s
Trump aide urges Congress to pare back bipartisan spending deal
WASHINGTON (Reuters) - Congress needs to consider rolling back the spending deal that U.S. Republicans brokered with Democrats last month, because lawmakers voted to enact the $1.3 trillion legislation without reading it, an aide to President Donald Trump said on Sunday. FILE PHOTO: White House dir
Here are four ways Republicans can guarantee they lose Congress in November
This electoral outcome would have been unthinkable a few short years ago. This district was so historically red that the previous GOP incumbent, Tim Murphy, didn’t even face a Democratic opponent in 2014 or 2016.
As Another Pence Runs for Congress, His Business Record Raises Questions
Greg Pence, the brother of Vice President Mike Pence, attended a rally in Indianapolis where President Trump spoke about tax reform in September.Credit Jenna Watson/IndyStar COLUMBUS, Ind. - When you have the best known name in your congressional district and your younger brother is a heartbeat awa
Andy Puzder: What Trump-haters don't get about the incredible power of American capitalism
President Trump promised to reverse the Obama era's progressive economic policies and free American capitalism to do what it does best: increase prosperity for all. And, sure enough, that's exactly what happened. Buoyed with optimism as taxes were cut and anti-business regulations eliminated, busine