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House Passes $1.9 Trillion Covid Relief Bill, Sends It to Senate
House Democrats approved their $1.9 trillion coronavirus relief bill as the party tries to get the rescue package to President Joe Biden.
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House Set to Approve Biden's $1.9 Trillion Stimulus Package, Send Bill to the Senate
Democrats are trying to pass the $1.9 trillion relief bill, which includes direct payments and unemployment benefits, by March 14.
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Personal Income Leaps 10% in January Thanks to Stimulus, But Inflation Still in Check
Personal income saw its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday.
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You Can Now Buy a 3D-Printed Home – Here's a Look Inside
A New York homebuilder has put a 3D-printed home on the market for the first time in the United States, and he is getting a lot of offers.
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Weekly Jobless Claims Drop Sharply But Labor Market Remains Challenged
First-time claims for unemployment insurance fell to 730,000 last week, well below the expected 845,000.
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The Fed's System That Allows Banks to Send Money Back and Forth Went Down for Several Hours
The outage impacted multiple Fed services, including its pivotal automated clearinghouse system.
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Weekly Mortgage Application Volume Drops 11% as Rates Spike and Texas Power Outages Hurt Demand
Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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December Home Prices Rose 10.4%, the Biggest Gain in 7 Years, Case-Shiller Says
December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020.
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The Market Is Getting Nervous About Powell's Testimony This Week
Rising bond yields and accompanying inflation fears are adding a level of drama to Powell’s appearance.
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Many Americans, Especially Families, Can't Live on a $15 Minimum Wage
Democrats are pushing to get a $15 federal minimum wage into President Joe Biden’s Covid relief package. For many, that pay still wouldn’t be enough.
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Some Texans Use 2021 Ford F-150 Hybrid Pickup Trucks to Power Homes Amid Winter Storm
“It would have been three miserable days without the truck,” Jerry Hall, 73, of Kerrville, Texas, said in a phone interview.
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Fed's Williams Say High Market Prices Justified by Economic Growth and Low Rates
Major averages have managed to build on 2020’s gains despite some nerve-jangling volatility.
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Existing Home Sales Rise Slightly in January, But Record Low Supply Weighs on Market
After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply.
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Biden Tax Hikes Would Likely Phase in Slowly, Treasury Secretary Yellen Says
Treasury Secretary Janet Yellen said Thursday that any tax increases sought by the Biden administration would be introduced gradually.
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Jobless Claims Show Unexpected Move Higher
First-time filings for jobless claims totaled 861,000 last week, above the Dow Jones estimate of 773,000.
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Generac CEO Says Demand for Power Generators Is High: ‘We Can't Make Them Fast Enough'
Extreme winter weather in the South and resulting power outages increase demand for generators, Generac CEO Aaron Jagdfeld said.
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Mortgage Demand Falls Further as Rates Rise at the Fastest Pace in Months
The average contract interest rate for 30-year fixed-rate mortgages increased to 2.98% from 2.96% last week. Total mortgage application volume fell 5.1% last week from the previous week, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 5% for the week. Mortgage applications to purchase a home fell 6% for the week. Another week of rising…
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From City Halls, the Plea for COVID-19 Aid Is Bipartisan
Local government leaders are trying again to secure billions of dollars in federal aid as they cobble together city budgets amid the economic uncertainty of the pandemic
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Household Debt Rises to $14.6 Trillion Due to Record-Breaking Rise in Mortgage Loans
Debt increased 1.4% for the final three months, representing another $206 billion as households took advantage of low interest rates.
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Retail Sales Burst Higher in January as Consumers Use Stimulus Checks to Spend Heavily
Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021.