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...

The Elusive Middle Class—A Hodgepodge of Values

By Sarah Stodola, The Fiscal Times

And in today’s fragmented America, it’s hard to imagine a single set of values holding any demographic together. But in spite of our fractured culture, is it possible to pinpoint a distinguishing set...
States’ Budget Crisis Could Topple Obamacare

By Liz Peek

At a recent meeting of supporters in New York, newly elected Representative Nan Hayworth, R-N.Y., heralded changes she and other rookies envision for the basic operation of Congress. Among them is a...
High Income, No Taxes: How Big Money Beats the IRS

By Tom Herman, The Fiscal Times

More than 10,000 Americans who earned more than $200,000 during 2007 paid no income taxes to the U.S. government. And it’s perfectly legal.
Broken Housing Market Hinders Economic Recovery

By James C. Cooper, The Fiscal Times

• New home sales are down 29 percent from a year ago. • The total potential inventory of unsold homes is 6.3 million. • 54 percent of HAMP mortgage modifications ended in re-default. Lest we forget,...
Homeowners’ Woes: Values to Plunge $1.7 Trillion

By Jennifer Depaul, The Fiscal Times

A new report from Zillow.com says the value of American homes this year will plunge 63 percent more than in 2009, bringing the total value lost since the market peaked in 2006 to $9 trillion.

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