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US average mortgage rates continue to fall; 30-year at 2.90%

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WASHINGTON — Mortgage rates continued to fall this week, tracking a decline in yields on Treasury securities as the bond market continues to signal...

San Francisco Fed’s Daly: Healthy economy needs less support

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WASHINGTON — With interest rates ultra-low even as the U.S. economy swiftly improves, Federal Reserve officials are divided over how quickly they should adjust...

Yellen: Failure to raise debt limit would be ‘catastrophic’

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WASHINGTON — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that...

Yellen: Failure to raise debt limit would be ‘catastrophic’

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WASHINGTON — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that...

States tap federal aid to shore up empty unemployment funds

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Businesses could be spared billions of dollars of higher taxes in coming years — potentially freeing up money to spend on employees or invest...

MLBPA increases investments to $178M ahead of bargaining

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NEW YORK — The Major League Baseball Players Association increased its liquid assets by about $19 million to $178.5 million ahead of collective bargaining...

Safety last: Risky investments soared at start of 2021

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NEW YORK — Who needs safety when the world's about to get back to normal? ...

Fed to end relaxed capital requirements for large banks

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WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...

Greece issues 30-year bond to smooth debt costs

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ATHENS, Greece — Greece on Wednesday launched a 30-year government bond auction, hoping to take advantage of low interest rates to improve its debt...

New challenge for the Powell Fed: A strengthening economy

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WASHINGTON — For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control of...