Personal Economics

Factbox: What happens in a U.S. government shutdown?

By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

By Nate Raymond, Reuters

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...
Trump's drug czar nominee withdraws from consideration

By Sarah N. Lynch and Makini Brice, Reuters

WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...
6 Tips for Renovating Your Home Without Getting Ripped Off

By Beth Braverman

Follow these steps to make sure that you’re not spending more than you need to on your home improvement projects.
The Risk That’s Growing Once Again in the Housing Market

By Diana Olick, CNBC

Homebuyers are increasingly opting to put less money down when purchasing their homes, increasing their risk should the housing market, and specifically home prices, falter yet again.

Making a Big Money Move? Why You Should Probably Consult a Financial Adviser

By Beth Pinsker, Reuters

People hire financial advisers with the very obvious goal of getting advice on how to handle their money. So why do investors often cut advisers out of consequential decisions? Some advisers say...
Are Fidget Spinners Dangerous? Consumer Group Issues a Warning

By Beth Braverman

The Consumer Product Safety Commission is warning that fidget spinners might not be suitable for everyone.
The Best City in America for Working Parents

By Beth Braverman

While it’s tough for working parents across the country, there are some cities where the load is a bit lighter, thanks to lower childcare costs and shorter commute times.
Here’s How Much More Your Health Insurance Will Cost Next Year

By Beth Braverman

Consumers who get health insurance through their jobs won’t see rate hikes in the double digits like those on the Obamacare exchanges, but they’ll still see the cost of health care go up.
Would Trump Take Away Your Mortgage Interest Deduction?

By Rob Garver

In the complicated world of federal tax expenditures, there is perhaps no provision more loved by its beneficiaries and more hated by academic economists than the mortgage interest deduction. For...

QE3: What Exactly Is It? An Explainer

By Maureen Mackey, The Fiscal Times

QE3 would be the third round of an unconventional monetary policy called quantitative easing, which is used by central banks to stimulate the economy. It’s a cash infusion by the Federal Reserve,...
Consumer Borrowing Up in June

By JULIE PACE, Associated Press

WASHINGTON (AP) — Americans borrowed more money in June than during any month in nearly four years, relying on their credit cards and loans during a difficult economic stretch. The Federal Reserve...
Employers Add 117K Jobs, Though Tensions Remain

By Jennifer Depaul, The Fiscal Times

Investors can breathe a temporary sigh of relief as employers added 117,000 jobs in July, while the unemployment rate dipped to 9.1 percent, according to the Labor Department. But economic concerns...
A Double Dip Would Slam Incomes—Again

By Yuval Rosenberg

Looking at the damage to income inflicted by the financial crisis and the ensuing recession provides a preview of how badly a double dip would hurt.
What Is a Double-Dip Recession? An Explainer

By Maureen Mackey, The Fiscal Times

A double-dip recession, or a W-shaped recession, happens when the economy experiences a recession, comes out of that recession into a short period of growth, and then quickly falls back into...

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