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Nation and World

US mortgage rates reach highest level in over two decades

Freddie Mac said the average rate on a 30-year home loan reached its highest level since 2002, which could increase costs for borrowers by hundreds of dollars a month.

US credit rating downgraded for only second time in history

Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt and a “steady deterioration in standards of governance” over the past two decades.

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Biden tells US to have confidence in banks after collapse

At more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history.

Feds racing to sell assets as nation’s 16th largest bank fails

Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the bank’s health. It was the second biggest bank failure in U.S. history after the collapse of Washington Mutual in 2008.

Despite Fed’s rate hikes, US adds a robust 311K jobs

Friday’s report from the government made clear that the nation’s job market remains fundamentally healthy, with many employers still eager to hire.

 
Atlantic City dealers with cancer want casino smoking ban

Several Atlantic City casino dealers with cancer, and others who fear they may develop it, are asking New Jersey lawmakers to ban smoking in the state’s casinos.