Biden’s spending, tax hikes will ‘suffocate’ economic recovery: Former Treasury Department spokesperson Former Treasury Department spokesperson Monica Crowley weighs in on President Biden’s spending plan, arguing that it’s really a liberal wish list rebranded as infrastructure. President Biden's plan to increase tax rates on inherited wealth could seize billions from some of the richest fortunes at death. Under current law, […]

Check out the mortgage rates for May 3, 2021, which are down from last Friday. (iStock) Based on data compiled by Credible, mortgage rates have fallen since last Friday. 30-year fixed mortgage rates: 2.875%, Unchanging 20-year fixed mortgage rates: 2.675%, Down from 2.750%, -0.125 15-year fixed mortgage rates: 2.125%, Down from 2.250%, -0.125 10-year fixed mortgage rates: 2.000%, Unchanging Rates […]

Jerome Powell not ‘in-touch’ with reality: Isaac Larian Kent International CEO Arnold Kamler and MGA Entertainment CEO discuss inflation’s effect on material costs on ‘The Claman Countdown.’ With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble. Powell's bet is that the Fed can keep rates ultra-low even as […]

Borrowers still trapped into paying 5%-plus rate with inactive lenders that do not offer cheaper deals Mortgage borrowers trapped on interest rates of more than 5% say they are “disappointed, distressed and betrayed” after MPs voted against a cap on how much lenders can charge. The plan to limit standard variable rates (SVRs) charged by inactive lenders was an amendment […]

Protecting yourself against unemployment fraud Blake Burman on unemployment fraud Americans who collected unemployment benefits last year could soon receive a tax refund from the IRS on up to $10,2000 in aid. The $1.9 trillion coronavirus stimulus plan that President Biden signed into law in March, known as the American Rescue Plan, waives federal income taxes on up to $10,200 in 2020 unemployment insurance benefits […]

Before you set sail in a new boat, educate yourself on boat loans, so you don’t sink yourself with a bad loan. (iStock) Setting sail on the water is a dream for many Americans. And in 2020, that dream became a reality for many new boat captains, as recent powerboat sales increased by 12% compared to 2019, according to the […]