Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.
Category: Credit and Debt
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A Swath of Bank Customer Data Was Hacked. The F.B.I. Is Investigating.
SitusAMC, a technology vendor for real estate lenders, holds sensitive personal information on the clients of hundreds of its banking customers, including JPMorgan Chase.
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Buying a House Is Expensive. But There Are Some Ways to Rein In Costs.
The Trump administration has proposed 50-year and “portable” mortgages to make home buying more affordable. But housing experts offer other suggestions.
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A Bailout May Come Too Late as Farmers Begin to Plan for Next Year
It could be months before they receive aid, well after the winter period when they talk to their bankers and make decisions about the planting ahead.
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They Got Low Mortgage Rates During the Pandemic. Now They Can’t Move.
Many Americans bought their first houses when mortgage rates dipped to record lows. Some are ready to move but feel locked in by their low rates.
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Britain Faces Up to Tough Economic Choices. Finally, Economists Say.
The central bank held interest rates steady on Thursday, a decision that came at a time when British policymakers and lawmakers are confronting economic challenges.
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Trump Administration Seeks to Return Medical Debt to Credit Reports
A federal rule restricting the debt’s inclusion has been canceled. Now, the consumer bureau is trying to overturn state restrictions.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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Wealthy Americans Are Spending. People With Less Are Struggling.
Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market.
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Bessent Stakes Credibility and Taxpayer Money on Argentina Bet
Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
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Investors Shudder at Signs of Loan Trouble in Banks
After months of roaring share prices, stock investors were rattled this week by reports of souring debts on bank balance sheets.