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Economy

The likeness of Benjamin Franklin is seen on a U.S. $100 bill, Wednesday, Feb. 22, 2023, in Marple Township
Money

Your tax refund could be smaller than last year. Here’s why

The 90 million taxpayers who have filed as of March 31 got refunds that were an average of nearly 10% less than last year.

3 years ago

Dubois City Hall
Money

Pa. city manager steals thousands of taxpayer dollars unsupervised

Herm Suplizio, manager for the city of DuBois Pa, has been arrested for stealing more than $600,000 from public accounts over which he had signatory control.

3 years ago

Townhouses in a cul-de-sac are visible.
Community

How New Jersey is feeling the impact of the affordable housing shortage

Advocates say the report documents the pandemic’s impact on affordable housing units, but the full impact is still being examined.

3 years ago

A municipal sanitation worker collects trash in Philadelphia
Politics & Policy

Philly touts trash collection numbers in City Council budget hearings

On-time trash collection is better than its in been in more than a decade, according to Philly Streets Commissioner Carlton Williams.

3 years ago

A person sits with their head in their hands in a forest.
Community

Move over, mid-life crisis: The quarter-life crisis has arrived

Researchers explain how to cope with competitive housing markets, high inflation, and overall stress.

3 years ago

President Biden on Thursday called on banking regulators to take more steps to reduce the risk of mid-sized bank failures. Carolyn Kaster/AP
NPR
Politics & Policy

Biden asks banking regulators to toughen some rules after recent bank failures

The White House blames the Trump administration for weakening regulatory requirements for mid-sized and regional banks.

3 years ago

Pennsylvania Democratic Gov. Josh Shapiro speaks during a news conference in Philadelphia
Politics & Policy

Many cops, teachers, nurses won’t get full $2,500 tax break

A worker would have to make almost $82,000 to get the full $2,500 benefit, and the worker may not even work a full year the first year they are eligible.

3 years ago

Federal Reserve Board Vice Chair for Supervision Michael S. Barr (R) appears before the Senate Banking, Housing and Urban Affairs Committee March 28, 2023 in Washington, DC. The committee heard testimony on the topic of 'Recent Bank Failures and the Federal Regulatory Response.' (Photo by Win McNamee/Getty Images)
NPR
Politics & Policy

5 things we learned from the Senate hearing on the Silicon Valley Bank collapse

Policymakers will be debating whether new laws, rules, or attitudes are needed to keep other banks from going under.

3 years ago

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on February 1, 2023. - The Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering its aggressive campaign to rein in costs as inflation cools, while signaling the battle is not yet over. The US central bank announced a quarter-point hike to the benchmark lending rate at the end of its two-day policy meeting, taking the rate to a target range of 4.50-4.75 percent. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
NPR
Money

The Fed raises interest rates again despite the stress hitting the banking system

Some had called for the Fed to wait after two recent bank failures.

3 years ago

Brand-new Nissan vehicles sit on a sales lot in Richmond, Calif.
NPR
Money

Why car prices are still so high — and why they are unlikely to fall anytime soon

The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. This is a look at today's deeply weird auto market.

3 years ago

Shopper-In-Grocery-Store
NPR
Politics & Policy

‘Back to one meal a day’: SNAP benefits drop as food prices climb

A lot of people don't think twice about buying milk, says Teresa Calderez. "But there are lots of us out here who can't buy a gallon of milk when we need it."

3 years ago

Wilimngton, Del. Mayor Mike Purzycki
Politics & Policy

Higher water fees and a new ticket tax: Wilmington mayor unveils 2024 budget proposal

Purzycki says the additional revenue he wants City Council to approve is needed for when “the bills come due” in two years.

3 years ago

The Pennsylvania Capitol in Harrisburg, Pa.
Politics & Policy

Philly State House delegation pushes for more funding, gun regulations from Harrisburg

Their goal is everything from drivers licenses for undocumented people to more funding for crime fighting and schools.

3 years ago

Customers and bystanders form a line outside a Silicon Valley Bank branch location
Courts & Law

Parent company of Silicon Valley Bank files for bankruptcy

The move comes a week after the tech-focused bank failed in a sudden collapse that set off fears of wider problems in the global banking system.

3 years ago

A customer exits a First Republic Bank branch in Manhattan Beach, Calif., on March 13, 2023. The midsized lender was rescued by a group of top banks after suffering an exodus of depositors following the collapse of two U.S. banks. (Patrick T. Fallon/AFP via Getty Images)
NPR
Money

First Republic Bank becomes the latest bank to be rescued, this time by its rivals

A group of 11 lenders including J.P.Morgan, Bank of America, Citigroup, and Wells Fargo said they will deposit $30 billion in First Republic Bank.

3 years ago

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