Editorial News

Treasury Secretary Scott Bessent on Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia who are seeking financial backstops due to the Iran war. Discussions with those countries about U.S. dollar swap lines “are part of ongoing,…

On March 13, 2026, President Donald Trump signed two executive orders aimed at reducing barriers to homeownership. These executive orders follow his commitment in his State of the Union address in February that addressing housing affordability would be a priority…

Mortgage rates surged to their highest level since September on Friday as bond yields moved higher due to the war in Iran. The average rate on the 30-year fixed loan hit 6.41%, according to Mortgage News Daily. That is the…

Only when the tide goes out do you discover who’s been swimming naked. – Warren Buffett, Berkshire Hathaway 2001 Annual Letter A recent string of defaults by companies at least partially funded by private credit has raised investor concerns that more bad…

SPRINGFIELD — When Kayleigh White opened a plain white envelope stamped “UNDUE” in big, bold blue letters late last year, she threw it away. The 27-year-old Rochelle resident assumed it was junk mail, or maybe a scam. The letter claimed that her…

U.S. importers will be facing many hurdles trying to recover billions in tariff costs now that the Supreme Court has ruled President Donald Trump’s International Emergency Economic Powers Act, or IEEPA, tariffs are illegal. Companies large and small may be eligible for refund…

Housing affordability challenges are weighing on not only would-be buyers, but also on a growing share of existing homeowners, new data suggests. Late-stage mortgage delinquencies — those with payments at least 90 days past due — rose 18.6% in December…

Americans ended 2025 with more debt than ever—and more trouble paying it back. New data from the Federal Reserve Bank of New York show household debt climbing to record levels, while delinquency rates have risen to their highest point since…

January is typically when creditors reassess risk, performance, and partners. In 2026, that reassessment carries more weight than usual. Consumer financial pressure remains elevated, regulatory expectations are firm, and borrower behavior continues to evolve. Together, these forces are reshaping how…

The Federal Reserve kept its benchmark interest rate unchanged Wednesday at the conclusion of its first policy decision of the year. In the face of escalating political pressure from President Donald Trump, a softening labor market, persistent inflation pressures and an uncertain geopolitical landscape, “there is no shortage of…