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...

Pension Problems: Why Retirement Is So Much Riskier

By Knowledge Wharton, Knowledge@Wharton

The growing debt crisis in public sector pensions – governments face a $757 billion shortfall in funding their retirement promises, according to one estimate – is coming at a time when unprecedented...
"Biblical" drought bites into Spain's olive oil harvest

By Nigel Davies, Reuters

MADRID (Reuters) - "An olive tree is like a camel, you don't have to give it much water, but when it's thirsty, it really has to drink," says olive oil producer Francisco Nuñez de Prado of the...
Student Loans: 1 in 5 Households in Debt

By Sheryl Nance Nash, The Fiscal Times

In just five years, the country’s student loan burden has gone from bad to worse. Last year, outstanding student loan debt surpassed $1 trillion, and according to a new report out today from the Pew...
The Fat's in the Fire: Bacon Prices Could Rise 20%

By Sheryl Nance Nash, The Fiscal Times

A world shortage of pork next year is now “unavoidable,” according to one industry report.
Insight: As cotton surged, China trader amassed $510 million bet

By Josephine Mason and Jonathan Leff, Reuters

NEW YORK (Reuters) - A landmark U.S. fine for excessive speculation in the benchmark cotton futures market has revealed a startling new dimension to last year's blistering winter price rally: the...

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