The housing market is on fire. The Fed keeps adding gasoline
CNN
Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage.
Despite surging home prices that are rising at the fastest pace on record, the Federal Reserve continues to prop up the housing market by purchasing $40 billion of mortgage bonds each month. And while the Fed is finally "talking about talking about" removing some of its support, some fear the US central bank is creating another housing bubble as it deliberates.
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While GOP congressional leaders and the White House are frustrated by Elon Musk’s comments that their bill is a “disgusting abomination,” they also don’t believe he will impact the vote count.
The Justice Department on Wednesday pressed a federal appeals court to reverse a judge’s ruling that blocked nationwide President Donald Trump’s effort to end birthright citizenship.
The Justice Department filed a lawsuit Wednesday alleging that the state of Texas is discriminating against out-of-state college students by allowing undocumented immigrants residing in Texas access to in-state tuition rates.
A jury in El Salvador sentenced three retired high-ranking military officers to 15 years in prison for the murder of four Dutch journalists in 1982, one of the highest profile cases of the Central American nation’s civil war.
President Donald Trump said he spoke by phone with Russian President Vladimir Putin on Wednesday, but that the conversation would not yield an immediate end to the war in Ukraine.
Karine Jean-Pierre, who served as White House press secretary under former President Joe Biden, has switched her party affiliation to independent, according to a publishing company’s description of her forthcoming book.
For years, congressional Republicans have dealt with a president in Donald Trump who isn’t terribly engaged in (or often seemingly aware of) the day-to-day legislative battles – right up until the point he decides to make a splash.
Two Chinese researchers were charged with smuggling a biological pathogen that they planned to study at a University of Michigan lab, a complaint filed Tuesday says.
Washington (AP) — The Justice Department is dropping a lawsuit that it filed against White House trade adviser Peter Navarro, a case in which he was accused of using an unofficial email account for government work and wrongfully retaining presidential records during the first Trump administration, according to a Tuesday court filing.
A man in central Washington state is wanted on suspicion of murder after his three young daughters were reported missing and then found dead.
The Trump administration is taking hundreds of migrant children out of their homes and into government custody, at times separating them from their families.
In early April, President Donald Trump approved millions of dollars in assistance from the Federal Emergency Management Agency for Virginia, which was reeling from devastating winter storms and flooding. Gov. Glenn Youngkin, a Republican, issued a press release touting the president’s decision to sign his disaster declaration request, and local news outlets began reporting that funding would soon be flowing to the state.
The family of the man accused of attacking a group of people Sunday with Molotov cocktails and a makeshift flamethrower has been taken into ICE custody and are being processed, a DHS official confirmed to CNN Tuesday.