Retirement is biting Generation X. Its oldest members will turn 62 next year, the earliest age at which people can claim Social Security benefits, with many Americans having too little saved to stop working even as the program faces its own funding crisis. Chris Branaman, 53, jokes that his retirement will be spent as a…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Neel Kashkari, Minneapolis Fed president and CEO Dr. Mehmet Oz, Centers for Medicare & Medicaid Services administrator Dr. Scott Gottlieb, former FDA commissioner Rep. Byron Donalds, Republican of Florida and candidate for governor Rep. Seth Moulton, Democrat of Massachusetts and…
A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
Jahir Rodríguez knew what was happening when he saw thick, dark clouds forming near his home in western Colombia on Monday morning. Parts of his dear Pereira were crumbling. The urban planner and former professor also knows what happens next after a powerful earthquake devastates whole communities. He sprang into action after a deadly 1999 quake…
Treasury Secretary Scott Bessent says the Trump administration is moving quickly to crack down on criminal enterprises, cartels and undocumented immigrants using the U.S. financial system for their payroll schemes, illicit financing and other fraud. In remarks to Arizona bankers Thursday, Bessent said, “This administration will not tolerate blatant abuse of our financial system, nor…
A water crisis in Puerto Rico has reached a fever pitch as the U.S. territory will implement rationing measures amid a drought with no relief in sight. Residents of San Juan and neighboring communities have been without reliable water for more than 100 days. Starting Friday morning, more than 180,000 customer accounts will be without…
A record number of adult children under 35 are moving back in with their parents, either because they can’t afford homes of their own or to save money amid the rising cost of living, according to a recent study. In 2025, 25.2 million adults under 35 lived at home, according to Realtor.com, which found that…
People with federal student loans may be eligible for a break on their monthly payments — if they act before an upcoming deadline. Student loan borrowers can earn a stepped-up interest rate discount of 1%, compared to the usual 0.25%, if they enroll in the U.S. Department of Education’s automatic payment feature before Sept. 30. …
The Federal Reserve said on Wednesday that it is leaving its benchmark interest rate unchanged, a sign policymakers expect inflation to ebb despite higher energy costs due to the war in Iran. This marks the fifth consecutive time the central bank has held rates steady this year. The last time Fed officials voted to change…
President Trump gave his 2026 State of the Union address on Tuesday evening, during which he addressed, among other topics, the economy — an urgent topic of concern for millions of Americans who say they’re worried about everything from the price of food to spiraling health care costs. The president touted his work during his…
