The Daily Money: New mayor in Chicago but same stalemate in DC

A whiff of change in Chicago with a new mayor, but in DC, things remain the same. Republicans and Democrats remain mired in debt ceiling talks.

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Mon May 15 2023 Medora Lee |  Money and Personal Finance reporter Happy Monday! It's Medora in Chicago, where our new mayor, Brandon Johnson, officially takes office today. While I listen to the optimistic message our new mayor is trying to provide, I'm also starting the week with some disappointment that the brief sign over the weekend that Democrats and Republicans were finally nearing a debt ceiling deal proved, maybe, to be false. Over the weekend, President Joe Biden said he thought the White House and congressional leaders could hammer out a deal to raise the debt ceiling. That glimmer of hope though was dimmed after Speak of the House Kevin McCarthy said he thinks the sides are still "far apart" and the White House isn't "talking anything serious."  Sigh, back to the drawing board... 📰 More stories you shouldn't miss 📰 Recall refusal: NHTSA urged a manufacturer to recall 67 million air bag inflators. The company refused. Friends and family, with limits: Employee discount for GM, Ford, FCA vehicles comes with these rules for family, friends Dangers of working from home: Does remote work increase anxiety? For parents, work from home may hurt mental health 🍔 Today's Menu 🍔 FDA approved dining: Dogs can join us for summer dining, government says. But not everyone is on board. About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Find out how teens can get free Planet Fitness access this summer The High School Summer Pass at Planet Fitness gives teens a way to work out for free from May through August. Here's how to sign up. READ MORE Advertisement An elderly man was scammed out of millions. Could a bank have done more? Larry Cook, 76, wired $ 3.6 million to possible scammers abroad. The bank reported him to adult protective services, but continued wiring his money. READ MORE The digital media company Vice, which was once valued at nearly $6 billion, is reportedly preparing to file for Chapter 11 bankruptcy. READ MORE The US debt ceiling for Dummies: A complete guide to the conflic A contentious partisan conflict over raising the debt ceiling is playing out. The U.S. is set to run out of money to pay its bills as early as June 1. READ MORE Volkswagen, Ferrari, Land Rover recall among 74,000 vehicles: Check here The U.S. National Highway Traffic Safety Administration has issued multiple recalls including Ferrari, Volkswagen, Bentley and Land Rover vehicles. READ MORE 3M fires long-time executive Michael Vale amid 'personal misconduct' claims Michael Vale's termination went into effect May 12, according to a statement released from the company. READ MORE Self-storage industry is booming, thanks to our overstuffed lifestyles "At the end of the world everyone says there will only be Twinkies and cockroaches left," said Courtney Kahler. "And I've added self-storage to that. It's an indestructible industry." READ MORE Inflation, high rates make cash cool again. Here's why. People are turning to cash payments to rein in spending amid inflation and high interest rates. Here's who's using it most and how they're saving. READ MORE Does AI scare you? You're not alone Americans worry that artificial intelligence like ChatGPT could be used for evil and they want OpenAi, Microsoft and Google to do something about it. READ MORE Remote working from home is taking toll on some parents' mental health Working from home leaves some parents isolated, worried about career, a new report finds READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback