The US economy grew faster in the first quarter than previously reported

US economic growth in the first three months of the year was faster than previously estimated, the Commerce Department reported on Thursday.

GOP megadonor Harlan Crow declines to answer Democrats’ questions about financial ties to Clarence Thomas

A lawyer for GOP megadonor Harlan Crow told Senate Judiciary Chairman Dick Durbin that his committee did not have “the authority to investigate Mr. Crow’s personal friendship with Justice Clarence Thomas,” in a letter Monday night obtained by CNN.

IRS Free Tax Filing Service Could Further Harm Black, Low-Income Taxpayers

The IRS is exploring a direct e-file system for tax returns. However, some believe the system would bring undue harm to historically marginalized communities – including Black and low-income taxpayers - based on recent reports concerning IRS enforcement actions.

How you can prepare for a debt default

Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday, saying she expects the United States will be unable to pay all of its bills in a little over a week.

Regional bank stocks soar after Western Alliance says deposits are growing

Regional bank stocks surged on Wednesday after Western Alliance reported that customer deposits are growing.

5 ways a debt default could affect you

President Joe Biden and House Republicans may have as little as a month to prevent the US from defaulting on its debt, which would impact millions of Americans and unleash economic and fiscal chaos here and around the world.

Houston Equity Fund offering $8 million in grant funding for minority-owned small businesses

Minority-owned small businesses and nonprofits in the Houston area can apply for up to $100,000 in grant funding later this month. A total of $8 million is available this year during the second phase of the "Open for Business" grant …

The US economy grew at a much slower pace in the first quarter

US economic growth slowed to an annualized and seasonally adjusted rate of 1.1% in the first quarter of this year, as businesses rebalanced their inventories and pulled back on spending amid punishing rate hikes from the Federal Reserve.

What are AT1 bonds and why are Credit Suisse's now worthless?

Investors in a riskier type of Credit Suisse's bonds had the value of their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS.

Credit Suisse: Why it's struggling and why that's a big deal

Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble.

Quick, simple things you can do this year to improve your financial future

You know very well you could do a million things to improve your financial situation.

Biden's student loan forgiveness plan goes before the Supreme Court Tuesday. Here's what borrowers need to know

Millions of student loan borrowers could see up to $20,000 of their debt canceled depending on the outcome of Tuesday's US Supreme Court hearing on President Joe Biden's student loan forgiveness program.

Household debt hit record $16.9 trillion last quarter, as consumers loaded up their credit cards

Americans continued to add to their debt at the end of last year — and grew their credit card balances at record rates, according to data released Thursday by the Federal Reserve Bank of New York.

IRS says many 2022 special state payments are not subject to federal tax

The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment last year to offset inflation and other negative economic impacts: Those payments won't be subject to federal income tax.

Roth IRA or 401(k): New retirement law increases tax-free savings options

Secure 2.0, the new retirement rules that lawmakers passed in late December, includes several provisions that will make the tax-free savings vehicle known as a Roth more accessible and flexible. And, in one instance, it will mandate that some higher-income …