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News
Fed holds rates steady at 3.5% to 3.75% as White House urges cuts, hike talk grows
3+ hour, 17+ min ago (33+ words) WJLA Fed holds rates steady at 3.5% to 3.75% as White House urges cuts, hike talk grows...
Americans Putting Financial Futures on Hold
6+ day, 8+ hour ago (76+ words) WJLA Americans Putting Financial Futures on Hold Washington (7News) — As the country grapples with an affordability crisis, many Americans are cutting back on spending and even pausing long-term savings goals. This comes as a new report from Pimerica shows the rough…...
Under 580? The credit score line that can make loans and housing much harder
1+ week, 1+ day ago (253+ words) Severe thunderstorms Tuesday afternoon and evening could bring damaging winds, heavy rain, hail and isolated tornadoes. WASHINGTON (7News) — Access to credit plays a critical role in financial stability and opportunity, so, when a financial institution turns down an applicant due to…...
Federal workforce in DC region falls to lowest level in 30 years: Here's what's behind it
1+ week, 1+ day ago (487+ words) Severe thunderstorms Tuesday afternoon and evening could bring damaging winds, heavy rain, hail and isolated tornadoes. WASHINGTON (7News) — The D.C. region’s federal workforce has fallen to its lowest level in three decades, according to the latest available employment data, with tens…...
Georgetown professor discusses inflation spike on 7News
1+ mon, 2+ week ago (465+ words) WASHINGTON (7News) — A Georgetown University business professor said rising energy costs are playing a significant role in pushing inflation above 4%, warning that the latest economic data could reduce the likelihood of interest rate cuts in the coming months. During an interview…...
Workers lose $3K a year by not using vacation time, report says
1+ mon, 2+ week ago (172+ words) WASHINGTON, D.C. (7News) — American workers typically do not use all their vacation time. A recent study by Clarify Capital finds that employees leave an average of six days of paid vacation unused annually. That amounts to $3,000 per worker in lost wages per…...
US 'had been asleep' on economic security but 'awakened' once Trump took office: Bessent
2+ mon, 3+ hour ago (191+ words) Treasury Secretary Scott Bessent delivered a speech in defense of President Donald Trump's "America First" economic agenda, arguing that decades of bipartisan policymaking before Trump took office left the U.S. dangerously dependent on foreign rivals and weakened the nation's industrial base....
Small Businesses in the Spotlight
2+ mon, 3+ week ago (61+ words) WJLA Small Businesses in the Spotlight Washington (7News) — On Capitol Hill, small businesses are in the spotlight ahead of America's 250th. Our Melanie Hastings spoke with Michael Phillips, owner of Antiques Brocante in Alexandria, about what's driving the rising demand for historical…...
Trump admin targets 'big 4' meat packers in antitrust crackdown over beef prices
2+ mon, 3+ week ago (650+ words) WASHINGTON (TNND) — The Justice Department said Monday it is intensifying its investigation into the beef industry, accusing the nation’s largest meatpackers of contributing to higher prices, weaker competition and risks to food security. At a news conference, Acting Attorney General…...
Inflation, interest rates expected to be 'higher for longer,' survey of economists shows
3+ mon, 1+ week ago (589+ words) (TNND) — Bankrate's quarterly survey of economists pegged the odds of a recession in the next year at 34%. The 18 economists polled by Bankrate also expected slightly worse job growth and slightly higher unemployment than they expected in the previous quarter. They…...