Scott Horsley
Stories
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Home prices just hit a record high. Here are 4 things to know about housing
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Biden will name new boss soon to lead 'toxic' FDIC
FDIC chairman Martin Gruenberg says he's prepared to step down once a successor is confirmed. Gruenberg has been widely criticized for fostering a toxic workplace at the agency.
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National
Inflation eased and the stock market rallied in April
Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.
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Eggs, milk and other grocery prices fall as overall inflation eases
Inflation eased a bit last month, according to a report Wednesday from the Labor Department. Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.
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Consumer Price Index report for April gives an idea of where inflation stands
The latest report, will not only give an update on inflation, it could also indicate if the Federal Reserve will resume lowering interest rates.
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Nearly 1 out of 5 credit card users have maxed out on their borrowing
The Federal Reserve Bank of New York says a growing number of card user are falling behind on their monthly credit card bills. Fallout from years of rising prices and high interest rates.
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More Americans are falling behind on credit card bills
Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress some families are feeling in an era of rising prices and high interest rates.
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Tax revenue jumps 22% in April, but U.S. deficit still looms large
The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red.
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National
10 most popular baby names in US— Liam and Olivia dominate. Mateo rising
Olivia and Liam are the most popular baby names in the U.S. for the fifth consecutive year, according to an annual tally by the Social Security Administration.
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Toxic culture is the norm at the FDIC, outside review cites 500 employee complaints
A law firm investigation of the FDIC documents a toxic workplace culture where hundreds of employees complained of sexual harassment, discrimination and other misconduct.