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Congressional Budget Office estimates US borrowed $1.8 Trillion in first 10 months of FY2026

By Misty Severi

Finance

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Scott Bessent

Bessent says wages for 'main street workers' in US are up

The figures come as the Trump administration attempts to push the successes of its economic agenda ahead of the midterms in November.

Finance

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Wall Street sign

Dow Jones soars over 900 points to close at new record after strong AI showings, possible Iran deal

The Dow Jones soared over 900 points, which is 1.71%, to close at 54,085. The S&P 500 gained 1.79%, hitting a fresh high for the first time since June and closing at 7,736.52, and the Nasdaq Composite ended with a 2.5% gain to close at 26,584.99.

Finance

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The exterior of a Capital One bank is seen on July 20 in Austin, Texas.

Capital One tries to get Trump Org case dismissed, denies claim accounts closed over politics

The Trump Organization's lawsuit claims the bank's silence proves the closures of 385 accounts were political retaliation after the Jan. 6, 2021, Capitol riots.

Big banks are bidding for troubled First Republic as FDIC deadline looms

Mega Millions $1.55 billion drawing could become largest jackpot in the lotto's history

Sen. Ron Johnson responds to President Biden's social security remarks

Rep. Davidson: Silicon Valley Bank collapse was an Operation Choke Point

Mike Faulkender: Bank management and federal regulators are responsible for financial failures

Analysis: 5 million jobs could be wiped out by Fed Inflation war

Sen. Schumer will meet with Sen. McConnell to address US debt ceiling