Insurance premiums will drop for FHA loans, which account for 15 percent of new mortgages. Lower-cost loans could help more Millennials enter the housing market, but some critics are concerned it could destabilize the housing market.
The House has adopted 'dynamic scoring' of legislation, which would have congressional economists base tax-revenue forecasts partly on how proposed laws might result in faster or slower economic growth.
Car purchases revved up in 2014 at a pace not seen since the start of the Great Recession. The recovery is not just good news for the auto industry, but also a sign that Americans are starting to loosen their pursestrings.
As many as 7 million low-wage workers will see a pay increase, many on Jan 1. Minimum wages around the country will range from the federal minimum wage of $7.25 an hour to $9.47 an hour in Washington State.
New York Mayor Bill de Blasio has called for reforms to improve relations between police and racial minorities. However, many NYPD officers say the mayor's public views are making their jobs more dangerous.
Former Florida Gov. Jeb Bush broke away from the pack in the latest CNN/ORC poll with a 10-point lead over Gov. Chris Christie of New Jersey. But a Rasmussen poll released Monday finds likely Republican voters split on whether they want another Bush in the White House.
A police officer in a town near Ferguson, Mo., fatally shot a black teen. But the teen was armed and threatening, police say. It's another window into a world coming into sharper focus: How police make split-second decisions.
US Education Department releases its draft framework for ranking colleges and universities, but critics warn that there are difficulties and unintended consequences in using 'employment outcomes' as a measure.
President Obama's decision to open relations with Cuba has sparked swift and vocal opposition from critics who say it will only aid the Castro regime. Supporters say the move promises to nudge the Cuban regime to expand political and economic freedom.
Employers have been hiring at a faster clip. The official unemployment rate has fallen from 10 percent of the labor force five years ago to 5.8 percent today. Households have lightened their debt loads. And now a plunge in oil prices is acting like a holiday gift for consumers.
Millions of consumers are getting an end-of-year boost: the main gauge of consumer prices fell in November by the largest amount in six years, driven down by plunging fuel costs and price declines for items such as clothing and used cars.