Money in a Minute: Headlines From Around the Web

In today's news: Republicans and Democrats are still fighting about a ceiling, home prices are going down again, so is consumer confidence, food prices are going to go way up, and car loan late payments are going way down.

Money in a Minute: Headlines From Around the Web

FEDERAL DEBT: House to reject debt limit increase without cuts

Congressional Republicans are insisting they won’t vote to raise the debt ceiling limit without deep spending cuts. “The move is intended as an embarrassing reminder to Democrats that increasing the government’s ability to borrow is tied to such reductions,” The Associated Press reports.

HOUSING: Home prices: ‘Double-dip’ confirmed

If you thought home prices couldn’t drop any further – well, you were wrong. “Home prices hit another new low in the first quarter, down 5.1 percent from a year ago to levels not reached since 2002,” CNN reports.

RECOVERY: Consumer confidence slumps to 6-month low

The economy may be recovering, but more and more Americans are doubting it. “Consumer sentiment unexpectedly decreased in May to the lowest level in six months as Americans grew concerned over the outlook for jobs and the economy,” Bloomberg reports.

FOOD: Food prices set to double by 2030, aid group says

Think food prices are high now? “Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now,” MSNBC reports.

CARS: 1Q late payments on auto loans lowest since 1999

While the federal government may not be able to pay its bills, Americans with car loans are getting better at it. “Late payments on auto loans hit their lowest level since 1999 in the first quarter,” The Associated Press reports, “providing more data that shows consumers have gotten a handle on their debt.”

Trending Stories

New! Solutions to Common Financial Struggles for People 50 and Older

New! Solutions to Common Financial Struggles for People 50 and Older

We've partnered with the largest nonprofit consumer counseling agency in the country to offer solutions to the most common financial struggles facing seniors including Medicare assistance, debt and budget counseling, Social Security maximization, help with paying bills, reverse mortgage counseling and foreclosure prevention.

How to Cut the Cable TV Cord in 2017

14 Ways to Maximize Your Social Security Checks

7 Ways to Declutter You Probably Haven't Tried

Comments

1,648 Active Deals

More Deals