Personal finance

President Donald Trump arrives in the House chamber before giving his State of the Union address to a joint session of Congress, Tuesday, Feb. 5, 2019 at the Capitol in Washington. (Doug Mills/The New York Times via AP, Pool)
February 05, 2019 - 11:09 pm
Text of President Donald Trump's State of the Union address, as delivered and provided by CQ: ___ Madam Speaker, Mr. Vice President, members of Congress, the First Lady of the United States, and my fellow Americans. We meet tonight in a moment of unlimited potential as we begin a new Congress, I...
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February 04, 2019 - 5:58 pm
BOSTON (AP) — U.S. House Ways and Means Committee Chairman Richard Neal is moving ahead with plans to subpoena President Donald Trump's tax returns. A spokesman for Neal said in an email Monday that the Massachusetts Democrat is in the process of consulting with lawyers from the U.S. House and the...
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FILE - In this Jan. 16, 2019, file photo Sen. Bernie Sanders, I-Vt., attends a hearing on Capitol Hill in Washington. Some of the 2020 Democratic presidential hopefuls are forging ahead with “Medicare-for-all,” but others are taking a more cautious approach. Proponents like Sanders, hold out the promise of health care as right, the potential for national savings, and no more copays, deductibles or surprise medical bills.(AP Photo/Andrew Harnik, File)
February 04, 2019 - 4:42 pm
WASHINGTON (AP) — "Medicare-for-all" is quickly becoming a rallying cry for many Democratic White House hopefuls, but there are growing questions about how to pull off such a dramatic switch to a government-run health care system. The debate over scrapping private insurers has heated up in recent...
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February 03, 2019 - 3:18 pm
WASHINGTON (AP) — The last Democrat to win a presidential election, Barack Obama, ran in 2012 on a platform of raising taxes for top earners to nearly 40 percent. Now a new crop of Democratic presidential hopefuls is signaling that they want to go even further. Massachusetts Sen. Elizabeth Warren...
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FILE- In this Oct. 26, 2018, file photo Health and Human Services Secretary Alex Azar speaks about proposed reforms to Medicare Part B drug pricing policies at the Brookings Institute in Washington. The Trump administration says it is moving ahead with a plan to let patients directly receive prescription drug discounts negotiated behind-the-scenes between drugmakers, middlemen, and insurers. Azar said Thursday, Jan. 31, 2019, the proposed regulation would encourage the major industry players to channel any such discounts to consumers when they purchase their prescriptions. (AP Photo/Alex Brandon, File)
February 01, 2019 - 12:16 pm
WASHINGTON (AP) — The Trump administration's top health official asked Congress on Friday to pass its new prescription drug discount plan and provide it to all patients, not just those covered by government programs like Medicare. The plan would take now-hidden rebates among industry players like...
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FILE - This May 1, 2018 file photo shows Merck corporate headquarters in Kenilworth, N.J. Merck & Co. reports earnings Friday, Feb. 1, 2019. (AP Photo/Seth Wenig, File)
February 01, 2019 - 7:58 am
Higher medicine sales and lower restructuring and other costs lifted drugmaker Merck to a $1.83 billion profit in the fourth quarter, as it edged past Wall Street expectations. The maker of blockbuster cancer drug Keytruda and Januvia diabetes pills lost $1.05 billion a year earlier, when it had a...
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FILE- In this Oct. 26, 2018, file photo Health and Human Services Secretary Alex Azar speaks about proposed reforms to Medicare Part B drug pricing policies at the Brookings Institute in Washington. The Trump administration says it is moving ahead with a plan to let patients directly receive prescription drug discounts negotiated behind-the-scenes between drugmakers, middlemen, and insurers. Azar said Thursday, Jan. 31, 2019, the proposed regulation would encourage the major industry players to channel any such discounts to consumers when they purchase their prescriptions. (AP Photo/Alex Brandon, File)
January 31, 2019 - 5:24 pm
WASHINGTON (AP) — The Trump administration Thursday unveiled a plan to channel now-hidden prescription drug discounts directly to patients, saying that would eventually lower prices for consumers. The proposed regulation from Health and Human Services Secretary Alex Azar aims to eliminate behind-...
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FILE- This Jan. 4, 2019, file photo shows a house for sale in Pittsburgh's Lawrenceville neighborhood. On Thursday, Jan. 31, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Keith Srakocic, File)
January 31, 2019 - 11:00 am
WASHINGTON (AP) — U.S. long-term mortgage rates edged up after declining in recent weeks. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, from 4.45 percent last week. Despite the recent declines, home borrowing rates...
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FILE - This Oct. 22, 2018, file photo shows the iPhone XS, from left, iPhone XR, and the iPhone XS Max in New York. Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. (AP Photo/Richard Drew, File)
January 29, 2019 - 9:26 pm
SAN FRANCISCO (AP) — Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. Results released Tuesday revealed the magnitude of the iPhone slump — a 15...
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Sen. Chuck Grassley, R-Iowa, center, chairman of the Senate Finance Committee, is joined at left by Sen. Ron Wyden, D-Ore., the ranking member, at a hearing on the high price of prescription drugs, on Capitol Hill in Washington, Tuesday, Jan. 29, 2019. (AP Photo/J. Scott Applewhite)
January 29, 2019 - 11:14 am
WASHINGTON (AP) — A senior Republican lawmaker said Tuesday he plans to investigate price spikes in the cost of insulin for people with diabetes as Congress opened hearings on the high cost of prescription drugs. "I have heard stories about people reducing their life-saving medicines, like insulin...
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