ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money, consumer Friday edition. |
Amid all the talk of affordability, you might be surprised to learn that President Donald Trump would like to see home prices go up, not down. |
Will Warsh wash as Fed chair? |
After a long and closely watched search, President Trump has made his pick to replace Jerome Powell as chair of the Federal Reserve. It's Kevin Warsh, a former Fed governor who is widely viewed as a reasonable choice for the job. |
Is another shutdown coming? |
Another shutdown? Yes, there's talk of that. |
On Thursday, the Senate reached a deal to fund the Department of Homeland Security for a mere two weeks. Lawmakers are working on a larger spending package to avoid a partial shutdown. |
📰 More stories you shouldn't miss 📰 |
Here are some of the week's top consumer stories: |
Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here. | | Amid growing affordability concerns across the nation, President Trump said he is looking to drive housing prices further up, not down. | | Warsh is seen as a comparatively moderate figure and notably more cautious about deploying heavy monetary stimulus despite his preference for lower rates. | | | | The Senate came to a deal on a DHS funding measure in an effort to avoid a partial governement shutdown. | | | | An appeals court will decide if further cuts can be made to the CFPB, a key agency tasked with protecting consumers | | | | The plaintiffs and their lawyers allege that Costco "has systemically cheated customers out of tens – if not hundreds – of millions of dollars." | | | | Buyers canceled agreements to purchase homes at the highest rate ever in December, adding to evidence that the housing market is off-kilter. | | | | Workers' biggest gripe: They don't get paid enough to keep up with the soaring cost of living, a new USA TODAY/SurveyMonkey Workforce survey says. | | | | The CEOs of 60 major Minnesota-based companies, including Target, Best Buy and General Mills, urged 'de-escalation' of tensions. | | | | See nostalgic photos of fast food chain restaurants like Burger King, McDonald's, Jack in the Box and more as they became staples of American history. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | 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. | | | | | |
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