Credit card debt mounts amid Democrats' push to cap interest rates

The Hill - Nov 10, 2026

New data shows Americans’ credit card balances are mounting, as some Democratic lawmakers push for capping interest rates. Credit card balances increased by $22 billion in the third quarter, an increase of 1.7 percent relative to the second quarter, the Federal Reserve Bank of New York reported Tuesday. Credit card debt for this year topped...

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Nov 10, 2026

Whitmer presses Trump administration on tariffs, grocery reimbursements

Michigan Gov. Gretchen Whitmer (D) is pressing Treasury Secretary Scott Bessent and other Trump administration officials to end new tariffs and issue grocery reimbursements for Michigan residents being hit with rising prices. “The unpredictable federal tariff policy has left Michiganders with the highest tariff burden in the nation,” Whitmer wrote in a letter to Bessent....

Nov 10, 2026

Fed's Waller opens door to half-point rate hike in December

Christopher Waller, a member of the Federal Reserve board of governors, said Tuesday he may support a half-point interest rate hike next month depending on what economic data indicates. During the Bank of England Watchers’ Conference, Waller said that “even if” inflation data for October is an improvement over September, he is “leaning toward” supporting...

Nov 10, 2026

Schumer says Trump support of Nvidia CEO a 'dereliction of duty'

Senate Minority Leader Chuck Schumer (D-N.Y.) slammed President Trump over his association with Nvidia CEO Jensen Huang following reports about the tech leader having an intimate relationship with alleged Chinese spy Alice Huang. “The press reports that Trump was briefed more than a year ago that Nvidia’s CEO was having an affair with a suspected...

Nov 10, 2026

Schumer says Trump support of Nvidia CEO a 'dereliction of duty'

Nov 10, 2026

IRS reveals 2027 tax brackets, standard deductions: What to know

The changes are part of the IRS' annual inflation adjustments.

Nov 10, 2026

Appeals court limits Trump DOJ's access to journalists’ private chat logs

A federal appeals court's three-judge panel unanimously limited Tuesday the Trump administration's broad access to journalists' LinkedIn records as part of a national security leak investigation, suggesting it could impart a "damaging blow" to First Amendment rights. The ruling, written by Judge J. Harvie Wilkinson, a Reagan appointee, stated the Justice Department's (DOJ) attempt to...

Nov 10, 2026

Data Show Households Still Managing to Meet Their Monthly Debts

The New York Fed detailed general steadiness in debt payments for autos, student loans and mortgages.

Nov 10, 2026

Exxon moves toward return to Venezuela

Oil giant ExxonMobil has taken a major step toward returning to Venezuela to produce oil. The firm has signed a memorandum of understanding with the South American nation to evaluate opportunities for drilling there. “We welcome the opportunity to evaluate potential upstream opportunities with the Venezuelan government and PDVSA,” said a spokesperson for the firm,...

Nov 10, 2026

Anthropic seeks valuation of up to $1.4 trillion for IPO

Anthropic is seeking a valuation of up to $1.4 trillion for its blockbuster initial public offering (IPO) expected later this month. In a new filing with the Securities and Exchange Commission (SEC), Anthropic said it is planning to sell 825 million shares between $70 and $78 a share. If the company lists shares at the...

Nov 10, 2026

Anthropic seeks valuation of up to $1.4 trillion for IPO

Nov 10, 2026

Average cost of gas drops to less than $4 per gallon for first time since July

The national average for the cost of gas dropped to less than $4 per gallon on Tuesday for the first time since July, as prices soared in the months following the start of the Iran war. According to AAA, the average price of gas hit $3.98 per gallon, the first time in 114 days that...

Nov 10, 2026

Jeffries pushes tighter China chip restrictions amid Nvidia CEO scandal

House Minority Leader Hakeem Jeffries (D-N.Y.) backed an effort Monday to pass new restrictions on China's access to advanced AI chips through an annual defense bill amid a scandal over Nvidia CEO Jensen Huang's relationship with an alleged Chinese spy. Jeffries, who could become Speaker in the next Congress, said he "strongly supports" chip restrictions...

Credit card debt mounts amid Democrats' push to cap interest rates

More News

Whitmer presses Trump administration on tariffs, grocery reimbursements

Fed's Waller opens door to half-point rate hike in December

Schumer says Trump support of Nvidia CEO a 'dereliction of duty'

Schumer says Trump support of Nvidia CEO a 'dereliction of duty'

IRS reveals 2027 tax brackets, standard deductions: What to know

Appeals court limits Trump DOJ's access to journalists’ private chat logs

Data Show Households Still Managing to Meet Their Monthly Debts

Exxon moves toward return to Venezuela

Anthropic seeks valuation of up to $1.4 trillion for IPO

Anthropic seeks valuation of up to $1.4 trillion for IPO

Average cost of gas drops to less than $4 per gallon for first time since July

Jeffries pushes tighter China chip restrictions amid Nvidia CEO scandal

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