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U.S. customs agency, trade judge to seek path to final tariff refunds

Officials from the U.S. Customs and Border Protection agency head to a federal trade court on Tuesday to try to find a way to refund tens of billions of dollars of tariffs that were collected and later deemed illegal by the…
Legal News

Medical emergencies can lead to debt and bankruptcy — even for insured Americans

Even Americans who are covered by health insurance can emerge from medical emergencies with long-lasting financial scars. In a study published this month in the journal Health Affairs, researchers found that 18 months after being hospitalized for a traumatic injury — such as a…
Educational News

Nearly 7 million student loan borrowers remain in defunct Biden-era payment plan: Trump official

Nearly 7 million federal student loan borrowers remain enrolled in a defunct Biden administration-era repayment plan, Nicholas Kent, a top official at the U.S. Department of Education, told CNBC on Thursday. By staying in the Saving on A Valuable Education, or SAVE, plan, these…
Bankruptcy News

Rate hikes are back on the table amid rising prices, Fed officials say

Americans hoping for relief from high borrowing costs may have to wait longer. Just weeks ago, investors expected borrowing costs on products such as credit cards, auto loans and home equity lines of credit — all tied to the Federal…
Government News

Treasury yields rise after Trump threat on Iran and ahead of inflation report

Treasury yields rose slightly on Tuesday as U.S. President Donald Trump issued his latest warning against Iran. The 10-year U.S. Treasury note yield — the key benchmark for mortgages, auto loans and credit card debt — rose 1.4 basis points to 4.542%. The 2-year…
Legal News

Average US Long-Term Mortgage Rate Falls to 6.48%, Retreating From Its Highest Level in 9 Months

The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week, mortgage buyer Freddie Mac said…
Press Release

In Loving Memory of Warren Pinchuck

Brooklyn Born. Warrior. Soldier. Lifelong Champion. Beloved Father. The Competitor Warren Pinchuck was, from his earliest days on the courts of Brooklyn, a true warrior — a man who played to win. Tenacious and sharp, this warrior earned his trophies…
Editorial News

Debt ceiling deal: US House overwhelmingly passes bill

A deal allowing the US to borrow more money has moved closer to becoming law, days before the world’s biggest economy is due to start defaulting on its debt. The measure easily passed the House of Representatives by a vote…
Educational News

Student loan borrowing is ‘high stakes’ as new rules take effect on July 1, CFP says

Student loan borrowers who take certain steps will soon face fewer repayment and debt forgiveness pathways, due to President Donald Trump’s One Big Beautiful Bill Act. “Be very careful when it comes to taking out new student loans,” said Landon Warmund, a certified financial planner and certified student…
Bankruptcy News

Warren Buffett told CNBC he could end America’s deficit crisis ‘in five minutes.’ Would his solution still work in 2026?

I could end the deficit in five minutes,” he said. “You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah,…