Wong Yu Liang/Getty Images The Federal Reserve’s interest rate bumps over the last two years helped push average mortgage rates into unaffordable territory, leaving prospective buyers on the sidelines and keeping the housing market immobilized. Since last summer, the Federal Open Market Committee has kept the federal funds rate steady at between 5.25% and 5.50%. … Read more
The push by Republican-led states to take on a direct role in immigration enforcement — historically a federal matter — went before an appeals court Wednesday morning, a day after the Supreme Court briefly allowed Texas to begin arresting and deporting migrants under a controversial new law. Wednesday’s hearing follows a day of legal whiplash … Read more
The executive director of the Bill and Hillary Clinton Airport in Little Rock, Arkansas, was shot Tuesday as federal agents arrived at his home to serve a search warrant, police said. Bryan Malinowski, 53, the airport’s executive director, was injured during a firefight after 6 a.m. as Bureau of Alcohol, Tobacco, Firearms and Explosives agents … Read more
Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 06, 2024 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing a … Read more
Six former Mississippi law enforcement officers who pleaded guilty to state and federal charges stemming from the torture and abuse last year of two Black men, one of whom was shot in the mouth, are set to be sentenced in federal court this week. The former officers, some of whom federal prosecutors said called themselves “The … Read more
Three men are facing federal gun charges in connection with the Chiefs Super Bowl parade shooting after the U.S. Attorney in Missouri says the investigation turned up an illegal gun operation. The defendants, 22-year-old Fedo Manning, 21-year-old Ronnel Williams Jr., and 19-year-old Chaelyn Groves are not accused of opening fire at the parade … but … Read more
The Biden administration won a major legal victory Friday in its effort to reduce illegal immigration at the southern border, when a federal judge in Texas ruled the government may continue a program that accepts 360,000 migrants a year from Venezuela, Cuba, Nicaragua and Haiti. U.S. District Judge Drew Tipton, who has ruled against other … Read more
IRS Direct File will be fully available to all eligible taxpayers in a dozen states on March 12, with a little over a month to go to file your federal tax return. This story is part of Taxes 2024, CNET’s coverage of the best tax software, tax tips and everything else you need to file … Read more
Congress on Thursday voted to give itself till mid March to approve a $1.66 trillion federal spending deal, deciding to push back two budget deadlines again before funding runs out. This story is part of Taxes 2024, CNET’s coverage of the best tax software, tax tips and everything else you need to file your return … Read more
A U.S. government watchdog stole more than 1GB of seemingly sensitive personal data from the cloud systems of the U.S. Department of the Interior. The good news: The data was fake and part of a series of tests to check whether the Department’s cloud infrastructure was secure. The experiment is detailed in a new report … Read more