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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After nearly eight weeks of testimony, Massachusetts prosecutors and defense attorneys for Karen Read are presenting their closing arguments as her retrial for the death of her boyfriend, John O’Keefe, nears its end.
A federal appeals court on Friday rejected another attempt by President Donald Trump to review a $5 million judgment against him for sexually abusing and then defaming E. Jean Carroll.
Kilmar Abrego Garcia, the Salvadoran national mistakenly deported three months ago, has pleaded not guilty to federal human trafficking charges.
A federal judge in Massachusetts on Friday blocked part of President Donald Trump’s executive order that seeks to revamp how elections are run in the United States.
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Flying home from his first visit to Paris as president, an awestruck Donald Trump told aides aboard Air Force One that the military parade he’d just witnessed was one of the most dazzling spectacles he’d ever seen.
As the Supreme Court bears down on the most contentious stretch of its annual session, the justices have been taking detours in opinions that reveal policy preferences and simmering grievances.
A bitter feud is escalating between Republican Sen. Rand Paul and Donald Trump’s top border official, injecting uncertainty into Congress’s attempt to pass the administration’s signature policy bill this month.
The fact that Israel struck Iran without any US involvement, and against the president’s publicly stated wishes, now thrusts Trump into one of the biggest tests of his young presidency.
President Donald Trump unlawfully federalized thousands of members of California’s National Guard and must return control of the troops to the state, a federal judge ruled Thursday.
Andrew Cuomo and Zohran Mamdani bitterly clashed over age and experience Thursday in the final debate before New York City’s Democratic mayoral primary, as Cuomo warned that electing the progressive state assemblyman is unprepared for the job and Mamdani hammered the former governor over scandals during his time in Albany.
On Wednesday, the Department of Homeland Security posted a striking graphic on its official X account. Uncle Sam, a symbol of American patriotism, is depicted nailing a poster to a wall that reads, “Help your country… and yourself.” Written underneath the poster is the sentence, “REPORT ALL FOREIGN INVADERS,” and the Immigration and Customs Enforcement hot line.
When the Trump Justice Department took the extraordinary step of arresting a local judge seven weeks ago, plenty feared what it could portend.