Higher Interest Rates Make Federal Debt More Expensive

Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025

The Federal Reserve is expected to cut rates further in 2025, paving the way for slightly lower borrowing costs for consumers.

CNBC - Jan. 16

Billion-dollar video game: is this the most expensive piece of entertainment ever made?

How player-funded development launched a multiplayer game of galactic proportions – and costs – in Star Citizen. How much does it cost to make a video game? The development expenses of blockbuster ...

The Guardian - Jan. 16

Ex-England boss Eriksson died heavily in debt

Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over £3.8 million ($4.64 million) following years of financial mismanagement.

ESPN - Jan. 15

Charlie Woods has fun at dad Tiger's expense during TGL debut

Tiger Woods struggled in his first night at TGL, and Charlie Woods got a good laugh out of it all.

Yahoo Sports - Jan. 15

Surprise fall in inflation boosts interest rate cut hopes

Inflation falls for the first time in three months, sparking expectations rates may be cut to 4.5% in February.

BBC News - Jan. 15

CPI edged higher in December, complicating the Fed's rate decision

Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

CBS News - Jan. 15

More than 1 drink a day raises risk of dying, federal review concludes

The death risk goes up to 1 in 100 for those who drink alcohol nine times per week, the report found.

CBS News - Jan. 14

Ossoff braces for expensive, marquee Georgia Senate race

Georgia Democratic Sen. Jon Ossoff's first reelection bid, set to be a marquee 2026 Senate race, has both parties sharpening their knives. The GOP sees his seat as one of the best opportunities to ...

The Hill - Jan. 14

Kim Kardashian wants higher pay rate for inmate firefighters: 'I see them as heroes'

Kim Kardashian is calling on California's government to raise the pay rate for the state's incarcerated firefighters battling the devastating L.A. fires.

Los Angeles Times - Jan. 14

Biden announces student debt relief for 150,000 borrowers, bringing total helped to more than 5M

The Biden administration announced Monday it was forgiving student loans for more than 150,000 borrowers, bringing the total number of individuals impacted by debt relief in President Biden’s term ...

The Hill - Jan. 13

Stocks fall back to pre-Election Day levels amid renewed inflation and interest-rate concerns

The post-Election Day rally in stock prices is fading amid forecasts that the Federal Reserve will not lower interest rates as much as expected.

NBC News - Jan. 13

Three things that could make a Gaza hostage deal more likely

There is fresh anticipation about the talks after several shifts, both politically and on the ground.

BBC News - Jan. 13

Why you may be paying to help make the mattress industry more eco-friendly

Oregon began levying a $22.50 fee in 2025 on consumers who buy a mattress. It's the fourth state to adopt such a policy, to help fund recycling efforts.

CNBC - Jan. 13

What's the CD interest rate forecast for 2025?

Planning to open a CD account? It may help to know where experts say CD rates could head this year.

CBS News - Jan. 13

FirstFT: Dollar hits 2-year high as interest rate assumptions change

Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El Salvador

Financial Times - Jan. 13

A Quiet Evening by Norman Lewis review – they don’t make travel writers like this any more

From run-ins with Hemingway in Havana to gunmen in Guatemala, this colourful collection of the late writer’s long-form journalism shows why Graham Greene was an admirer. The travelogues of Norman ...

The Guardian - Jan. 13

California fires could make this pricey travel insurance add-on more essential

Insurers have seen a rise in cancel-for-any-reason policies. Here’s what travelers should know before buying in.

MarketWatch - Jan. 12

More than a million student loan borrowers got debt forgiven in 2024. What to know at tax time

If your student loans were forgiven in 2024, you may be wondering if there are any tax implications.

CNBC - Jan. 12

House Republicans face massive debt problem

House Republicans have a problem. They want to pass a massive agenda for President-elect Trump, preferably in his first 100 days of office. And they don’t want to add to the federal deficit. That ...

The Hill - Jan. 11

MLB rumors: Red Sox open to more additions, Yankees reliever drawing interest from eight teams

Here are your hot stove rumors for Saturday, Jan. 11

CBS Sports - Jan. 11

This is what it could take for the Fed to hike interest rates

Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price index

MarketWatch - Jan. 11

Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns

Stronger-than-expected data on the labor market has added to clues that the economy continues to run at a solid pace, amplifying fears about stubborn inflation.

The New York Times - Jan. 10

Can a debt collector refuse my settlement offer?

Negotiating a successful debt settlement could be a little more complicated than you'd expect.

CBS News - Jan. 10

U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%

Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.

CNBC - Jan. 10

Strong December job growth could augur fewer Fed interest-rate cuts

Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.

CBS News - Jan. 10

Federal Grand Jury Has Heard More Evidence in Case Against Mayor Adams

Prosecutors have presented additional evidence to a grand jury in the case against Eric Adams, his lawyer said in court papers, a sign new charges may be near.

The New York Times - Jan. 10

Fed Governor Bowman says December interest rate cut should be the last

Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.

NBC News - Jan. 9

HELOC interest rates drop to 18-month low: Should you open one now?

HELOC interest rates dropped again this week. Here are three reasons why you should open the line of credit now.

CBS News - Jan. 9

What's a good home equity loan interest rate in 2025?

With the interest rate climate changing again, it helps borrowers to know what a good home equity loan rate is now.

CBS News - Jan. 9

Fed Governor Bowman says December interest rate cut should be the last

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

CNBC - Jan. 9

Why two Fed officials doubt the need for many more rate cuts

One official warned that “progress on inflation could continue to stall.”

MarketWatch - Jan. 9

How to pay less interest on credit card debt in 2025

There are multiple ways to pay less interest on your credit card debt this year. Here are five to explore now.

CBS News - Jan. 9

Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show

“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.

MarketWatch - Jan. 8

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