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Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion 06/18/2024 05:19pm • WASHINGTON (AP) — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February. The major drivers of the change include: higher costs from the supplemental spendin Russia and North Korea have had a complicated relationship over the decades 06/18/2024 01:55pm • SEOUL, South Korea (AP) — President Vladimir Putin is in North Korea for a summit with its leader, Kim Jong Un, as the two nations deepen their cooperation. The visit comes amid growing concerns about an arrangement in which Pyongyang provides Moscow with badly needed munitions to fuel Russia’s Majority of Americans favor forgiving medical debt, AP-NORC poll finds 06/18/2024 08:19am • NEW YORK (AP) — Janille Williams wants to buy a house someday — but first, he has to pay down tens of thousands of dollars in medical debt. “I was hospitalized for a blood infection for three months more than ten years ago, and the bill was for more than $300,000,” said Williams, 38, a Fair 7 Best Balanced Funds to Pick Right Now 06/17/2024 08:00pm • The applications of Modern Portfolio Theory and its findings on diversification have led to the proliferation of balanced funds. A common example you're likely familiar with is the "60/40" portfolio, which consists of 60% stocks and 40% bonds. "A balanced fund is a diversified investment fund that p Which Generation Has the Most Wealth? 06/17/2024 08:00pm • Owning more than you owe is the initial step toward achieving economic security. As your net worth escalates, so does your wealth. On an individual level you have considerable control over your money, from how much you earn and borrow to the amount you save and invest. Despite pandemic-related setba What Is a Credit Report? 06/17/2024 08:00pm • A credit report is essentially a financial report card that outlines how well you have managed debt. When you apply for a loan, lenders typically review your credit history to assess how risky it is to lend you money. Or a landlord might review your credit report when you apply for an apartment. Und Even if Medical Debt Isn't on Your Credit Report, It Can Drag Down Your Credit 06/17/2024 08:00pm • The Consumer Financial Protection Bureau proposed a new rule on June 11 that would ban unpaid medical debt from appearing on credit reports. The proposal is open to public comment and has not been finalized, though it would likely take effect in 2025. The rule would aim to close a regulatory loophol How to Prepare for Dramatically Higher Federal Student Loan Interest Rates 06/17/2024 08:00pm • When federal student loan interest rates increase again in July 2024, undergraduate students taking out direct loans for the 2024-2025 academic year will see some of the highest rates in over a decade. Meanwhile, graduate and professional degree students and parents taking out direct Grad PLUS or Pa Bankruptcy judge approves sale of Express Inc to group led by WHP Global 06/17/2024 05:28pm • NEW YORK (AP) — A U.S. bankruptcy judge has approved the sale of the majority of Express Inc. 's operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores. The offer includes $136 mill Autodesk, Walt Disney rise; AMC Networks, Dycom fall, Monday, 6/17/2024 06/17/2024 04:22pm • NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Autodesk Inc., up $14.64 to $240.51. Investor Starboard Value disclosed a $500 million stake and wants improvements at the company. Aaron's Company Inc., up $2.52 to $10.06. IQVentures Holdings is buying the ren The war in Gaza has wiped out entire Palestinian families. AP documents 60 who lost dozens or more 06/17/2024 06:42am • BEIRUT (AP) — He is among the very last survivors of his Gaza family, a clan so close they knew without thinking how blood and marriage bound them across generations and city blocks. Then, branch by branch, 173 of Youssef Salem’s relatives were killed in Israeli airstrikes in a matter of days in China keeps lending rate unchanged as data show housing market is still struggling 06/17/2024 06:14am • BANGKOK (AP) — China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year medium-term lending fa The high cost of living is still biting the UK. Many don't think the election will change anything 06/17/2024 12:09am • LONDON (AP) — Dominic Watters watches his gas and electricity meter like a hawk. He topped it up a few days ago, but now there’s just 1.85 pounds ($2.40) of credit left. That may determine what kind of dinner he and his teen daughter get tonight, he says. Watters, a campaigner for better access What Is Budget Counseling -- And Do You Need It? 06/16/2024 08:00pm • It can be challenging to keep your finances in check, particularly with an unpredictable economy, inflation and rising household expenses. Budget counseling could be the answer to get in a better position to manage your money. Read about what it is and how to decide if you need it. What Is Budget Co 7 Best Money Market Funds to Buy for 2024 06/16/2024 08:00pm • Both the European Central Bank and the Bank of Canada have initiated 25-basis-point cuts in their policy interest rates, but their U.S. counterpart has not followed suit. In its June decision, the Federal Reserve again kept its policy interest rate unchanged at 5.25% to 5.5% and indicated that marke