Debt ceiling explained: Why it's a struggle, how the impasse could end

Negotiations are continuing over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.

California veterans push for exemption on military retirement pay

A group of veterans and supporters are urging the California Assembly to take up a bill that would impact military retirement pay.

Texas parents charge 19-year-old daughter rent; reveal criticism and support

People are sounding off on TikTok as parents charging their children rent has become a topic of discussion. Check out how one family navigated their adult daughter living at home.

Fed's May interest rate hike could harm regional bank lending, mortgages, expert warns

The Federal Reserve's latest interest rate increase has been harmful to the balance sheets of small regional banks and has impacted their ability to lend, according to the National Association of Realtors.

Self-checkout machines now ask for tips in latest squeeze on customers

Consumers are now requested to leave tips at self-checkout machines at some airports, bakeries, coffee shops and stadiums across the US

Biden administration approves $42B in student loan forgiveness under updated PSLF program

The Department of Education has approved $42 billion in student loan forgiveness through recent changes to the PSLF program, designed to provide debt relief to borrowers in the non-profit, public service and governmental fields.

Bay Area home values increase for first time in 9 months

Bay Area home values are back on the rise after a 9-month slump. Zillow reported the biggest jump in Solano, Marin, Napa, and Sonoma counties.

California state budget deficit to get much bigger

The state's budget deficit is so large, it would purchase the latest, brand new 737 Max airplanes.

Gov. Newsom likely to announce bigger deficit than the $22.5B given in January

Gov. Gavin Newsom on Friday is expected to announce an even bigger budget deficit than the $22.5 billion hole that he confronted in January, reflecting an economy burdened by a sagging stock market and disrupted by a series of powerful winter storms that delayed billions of dollars in tax payments.

Former co-owner of Richmond manufacturing company charged in wire fraud scheme

A federal grand jury in Oakland has charged the former co-owner of a Richmond manufacturing company with wire fraud and money laundering in connection with a scheme to divert tens of thousands of dollars from the company to his personal bank accounts.