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- By Andrea Riquier Some housing-market analysts believe it's better for homeowners not to hold 100% of the equity in the home Several years after her divorce, Tricia DeWaal was still livin...
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Treasury chief to Congress: Raise debt limit before August
(AP Photo - Jacquelyn Martin)
By ANDREW TAYLOR
From Associated Press
May 24, 2017 2:16 PM EST

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin told lawmakers on Wednesday that they should vote to increase the government's borrowing authority — and avert a disastrous economic default — before their August recess.

BEIJING (AP) — The Moody's ratings agency on Wednesday cut China's credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by Communist leaders as they overhaul a slowing economy.

NEW YORK (AP) — Home-improvement retailer Lowe's posted a profit Wednesday that didn't impress Wall Street, results that came in stark contrast to those of its rival Home Depot.

WASHINGTON (AP) — Federal Reserve officials signaled in discussions early this month that they would likely start reducing the Fed's huge portfolio of bond holdings later this year, a step that could cause borrowing rates to rise.

WASHINGTON (AP) — Trump budget director Mick Mulvaney, defending an administration that promises more economic growth than many think it can deliver, said Tuesday it's the Obama administration that went overboard in its forecasts for growth.

NEW YORK (AP) — U.S. stocks are up for the fifth consecutive day Wednesday as the market continues to wipe out the losses it suffered one week ago.

NEW YORK (AP) — A proposal to curtail the nation's food stamp program would pinch families struggling to pay for groceries and ripple through other areas of the economy, including supermarkets and discounters.

NEW YORK (AP) — Women CEOs earned big bucks last year, but there's still very few of them running the world's largest companies. The median pay for a female CEO was $13.1 million last year, up 9 percent from 2015, according to an analysis by executive data firm Equilar and The Associated Press.

VIENNA (AP) — OPEC countries and other producers including oil giant Russia are backing prolonging last year's production cut to shore up crude prices, strongly indicating that an extension is a done deal even before they meet formally on the issue Thursday.

CHICAGO (AP) — Suddenly jobless and with small children to support, Jose Victor Camargo without hesitation cashed out a retirement account he had with his former employer.

WASHINGTON (AP) — The White House budget chief on Wednesday delivered a spirited defense of President Donald Trump's proposal to slash programs from food stamps to health care for the poor in the face of strong Democratic opposition and Republican skepticism.

WASHINGTON (AP) — Keeping former President Barack Obama's health care law is "completely unacceptable and totally unsustainable," the Senate's top Republican said Wednesday as the two parties braced for a Congressional Budget Office report on a House-passed bill overhauling that statute.

WASHINGTON (AP) — The Latest on Congressional Republican efforts to replace the health care law (all times local): 12:05 p.m. Senate leaders are positioning themselves for a Congressional Budget Office report that will assess the impact the House-approved health care bill would have on insurance coverage and consumers' costs.

WASHINGTON (AP) — A senior Education Department official in charge of managing federal student aid has resigned ahead of a House hearing.

WASHINGTON (AP) — Candidate Donald Trump promised better and more affordable health care, but as president his first full budget calls for deep cuts to popular insurance programs.

WASHINGTON (AP) — Americans pulled back their pace of home-buying in April, as the shrinking number of houses for sale and rising prices are putting them in a bind as their options dwindle.

NEW YORK (AP) — A Washington consultant is among five people charged in an insider trading case stemming from secrets leaked from the Centers for Medicare & Medicaid Services.

DETROIT (AP) — A certified pre-owned vehicle costs more than a regular used car, but it can give buyers some peace of mind in an often murky market.

DALLAS (AP) — Without the shocking video, it's unlikely that the world would have learned or cared about the violent manhandling of a 69-year-old man on a plane last month.

DOWNERS GROVE, Ill. (AP) — The company that owns one of the nation's largest for-profit college chains is changing its name. DeVry Education Group, which owns DeVry University, announced Wednesday that it will now be called Adtalem Global Education.

BEIJING (AP) — Internet users outside China watched a computer defeat its national go champion, but few Chinese web surfers could see it.

LONDON (AP) — Global stock markets traded in narrow ranges Wednesday, with investors brushing aside Moody's decision to cut China's debt rating.

CHICAGO (AP) — United Airlines CEO Oscar Munoz is likely to face questions from shareholders Wednesday about the rough removal of a passenger from a flight, an incident that sparked weeks of bad publicity.

WASHINGTON (AP) — President Donald Trump's first budget proposal, snubbed by some Republican allies, is just the latest example of an administration that seems at times clueless or indifferent toward Congress.

BEIJING (AP) — China is shutting down its only undersea coal mine, state-run newspapers reported Wednesday, as the government struggles to rein in rising production that threatens to frustrate a planned shift to cleaner-burning fuels.