Treasury Secretary Janet Yellen warns of ‘absolutely catastrophic’ hit to economic recovery this summer if US can’t pay its bills on time

Treasury Secretary Janet Yellen warns of ‘absolutely catastrophic’ hit to economic recovery this summer if US can’t pay its bills on time

Win McNamee/Getty Images On Wednesday Secretary Yellen asked Congress to extend a July deadline to pay back some of the federal debt. Without an extension, she warned of a “catastrophic” default that could hurt economic recovery. Some in the GOP have signaled they want spending cuts in exchange for increasing the debt ceiling. See more

Time to close regional economic divides

Time to close regional economic divides

On June 8, Senate Democrats and Republicans came together to pass the $200-billion Innovation and Competition Act, a broad legislative package aimed at advancing the nation’s R&D competitiveness with China. The 68-32 vote was a rare bipartisan convergence on two frequent points of division: money and state involvement in the economy. But that’s not all

Is it still a good time to refinance my mortgage?

Is it still a good time to refinance my mortgage?

Even though 2020s historically low interest rates are on the rise, it’s still a good time to refinance your mortgage and save thousands over your loan term. (iStock) The coronavirus pandemic added stress over personal finances for many Americans. Nearly one-third of Americans reported that their investments were negatively impacted. Thankfully, the Federal Reserve’s lowering

Here’s why it may be time for much-maligned home economics classes to make a comeback

Here’s why it may be time for much-maligned home economics classes to make a comeback

The oft-misunderstood field spans science and nutrition and promotes that cooking and cleaning is undervalued as a form of labor. Home economics has been a “back door for women to enter science” that turned into an “empire of jobs and influence,” Danielle Dreilinger writes in “The Secret History of Home Economics.” Home economists can be