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Police: Inmates got out of Illinois jail with pandemic loans 09/22/2022 04:56pm • JOLIET, Ill. (AP) — More than two dozen people have been charged in Illinois with fraudulently obtaining pandemic relief money, with authorities alleging that some of them were behind bars when they used their relief money to post bond and free themselves from jail. Joliet Police Chief William Ev Average US long-term mortgage rates climb to 6.29% this week 09/22/2022 02:55pm • WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy. Mortgage buyer Freddie Mac reported Thursday that the 30-y Powell's stark message: Inflation fight may cause recession 09/22/2022 11:42am • WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair Jerome Powell acknowledged what many economists have Dozens indicted in COVID-19 nutrition program fraud scheme 09/22/2022 11:22am • Dozens of people have been arrested for defrauding a federal child nutrition program and taking $250 million. Newly released court documents obtained by WCCO confirming a 48th suspect charged in what officials call the largest pandemic fraud in the United States. According to investigators, agents a More Americans apply for jobless aid last week 09/22/2022 08:59am • WASHINGTON (AP) — The number of Americans filing for jobless benefits rose slightly last week with the Federal Reserve pushing hard to cool the economy and tamp down inflation. Applications for unemployment benefits for the week ending Sept. 17 rose by 5,000 to 213,000, the Labor Department rep Leaders of S. Korea, Japan agree to strive to improve ties 09/21/2022 11:37pm • SEOUL, South Korea (AP) — The leaders of South Korea and Japan agreed to accelerate efforts to mend ties frayed over Japan’s past colonial rule of the Korean Peninsula as they held their countries’ first summit talks in nearly three years on the sidelines of the U.N. General Assembly, both gov Asia stocks follow Wall St down as Fed fights inflation 09/21/2022 11:07pm • BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Federal Reserve delivered another big interest rate hike to cool galloping inflation and raised its outlook for more. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices gained. Wall Street's benchmark S& 'Art of the steal': Trump accused of vast fraud in NY suit 09/21/2022 10:40pm • NEW YORK (AP) — Former President Donald Trump padded his net worth by billions of dollars and habitually misled banks and others about the value of prized assets like golf courses, hotels and his Mar-a-Lago estate, New York’s attorney general said Wednesday in a lawsuit that seeks to permanently How to Prepare Your Finances for a Layoff 09/21/2022 08:00pm • While the nation's unemployment rate remains near record lows, there are also signs that the labor market may not be as strong as those numbers suggest. From Snap to Best Buy and Goldman Sachs, there have been a slew of high-profile layoffs announced in recent weeks across a range of industries. Ful New York AG seeks sanctions that could hurt Trump's business 09/21/2022 07:46pm • NEW YORK (AP) — Donald Trump and his company could face a range of stiff penalties if a court sides with New York's attorney general in a sprawling fraud lawsuit filed against the former president Wednesday. For now, the Republican isn't at risk of going to jail. The lawsuit brought by Attorney Ge Florida man pleads guilty to $7.2M COVID-19 relief fraud 09/21/2022 06:09pm • ORLANDO, Fla. (AP) — A Florida man who fled the U.S. and was eventually arrested in Croatia has pleaded guilty to stealing more than $7.2 million in COVID-19 relief funds. Don V. Cisternino, 46, of Chuluota, pleaded guilty Tuesday in Orlando federal court to wire fraud, aggravated identity thef US has sent $8.28 billion in pandemic funds to local lenders 09/21/2022 05:26pm • WASHINGTON (AP) — On the same day the Federal Reserve gave a sobering report on the U.S. economy's trajectory, administration officials highlighted how they have kept some of the nation's smallest businesses afloat through the pandemic. Roughly $8.28 billion in relief funds have been disbursed In suit, NY AG takes aim at Trump's boasts about wealth 09/21/2022 05:24pm • NEW YORK (AP) — Former President Donald Trump's latest legal woes focus on allegations that he and his company chronically exaggerated the value of things he owned in order to obtain loans, lower his taxes or get deals done. New York Attorney General Leticia James asserted in a lawsuit filed Wedne Fed attacks inflation with another big hike and expects more 09/21/2022 04:21pm • WASHINGTON (AP) — Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an event What rising interest rates mean for you 09/21/2022 03:35pm • In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate to a range of 3% to 3.25%. It is the fifth increase by the US central bank in six months and its third consecutive 75- basis-point hike, which will put upward pressure on other in