California likely to have $25 billion budget deficit: report

This year, revenue is $41 billion below expectations, according to a report by the Legislative Analyst's Office.

US consumer inflation slowed to 7.7% in October

Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday.

How steep interest rate hikes impact your finances

Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase.

Aldi matching 2019 Thanksgiving prices

From free turkeys to major discounts, grocery stores are prepping for a Thanksgiving set against surging inflation.

Prices on new, used vehicles finally begin to creep down from inflated highs

Even with the average price of new and used vehicles beginning to ease, auto purchases remain unaffordable for many, with average prices still 30% to 50% above where they were in early 2020.

Second batch of CA inflation relief payments go out Monday: Here's who will get paid

If you have yet to receive your inflation relief payment, today could be your lucky day as the second batch of payments - in the form of debit cards - will be sent out Monday.

Pandemic-era retirees ready to return to work, AARP CEO says

The pace of retirements among baby boomers accelerated during the pandemic. Now, many of them are ready to return to the workforce.

IRS inflation adjustment could lower your tax bill in 2023

The changes are meant to help Americans whose earnings haven’t kept up with the increased cost of living.

Biden to release up to 15 million barrels of oil from strategic reserve

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations.

Social Security benefits to jump by 8.7% in 2023

The Social Security cost-of-living adjustment means the average recipient will receive more than $140 a month starting in January.