Tag: U.S. Treasury
Average long-term U.S. mortgage rate climbs to 7.09%, highest level in...
The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers...
Fitch downgrades U.S. credit rating, citing mounting debt and political divisions
WASHINGTON (AP) – Fitch Ratings has downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and...
McKee turns over email alleging official’s misconduct
PROVIDENCE – Under orders by Attorney General Peter F. Nerhona, Gov. Daniel J. McKee on Thursday made public the email that details misconduct by...
Average long-term U.S. mortgage rate climbs to 6.79% this week, highest...
LOS ANGELES (AP) – The average long-term U.S. mortgage rate climbed this week to its highest level since November, driving up borrowing costs for...
Impact of U.S. defaulting on its debt will be felt globally
WASHINGTON (AP) – If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America's economy would hardly sink alone.
The repercussions...
Five Questions With: Michael Ice
Michael Ice is an associate teaching professor at the University of Rhode Island’s College of Business Administration with more than 30 years of experience...
Treasury recommends exploring creation of a digital dollar
WASHINGTON (AP) – The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying...
Markets shudder on dashed inflation hopes; Dow falls 1,250
NEW YORK (AP) — Stocks tumbled to their worst day in more than two years Tuesday, knocking the Dow Jones Industrial Average down more...
Providence Revolving Fund allocated $1.6M in federal funds
PROVIDENCE – The Providence Revolving Fund was awarded $1.6 million in federal CDFI Rapid Response Program funds, state congressional lawmakers announced Monday.
The announcement follows...
Capital Good Fund receives $1.3M federal grant
PROVIDENCE – A Providence-based nonprofit that offers loans to low-income families will benefit from a $1.3 million injection of federal funding, it announced on...