Washington

Former Fed Chair Janet Yellen says it's OK for the US to add to its $23 trillion debt pile - as long as it's used to pay for climate change and education programs

8 days ago   |   By Business Insider

Win McNamee/Getty Images
Former Federal Reserve chair Janet Yellen says the US can "afford" to increase its spending or cut taxes because it's cheap to borrow with low interest rates.
The additional room could give policymakers more leeway to spend more in infrastructure, education, combatting climate change and other programs to spur long-term growth, Yellen said.
It underscores an evolving view of federal spending among some economists as low interest rates make it cheaper to finance government initiatives.
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Former Fed chair Janet Yellen...
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17 US cities where retirement is affordable, taxes are reasonable, and healthcare costs less

17 US cities where retirement is affordable, taxes are reasonable, and healthcare costs less

8 days ago   |   By Business Insider

Hero Images / Getty Images
Personal finance site WalletHub released updated data on the best and worst US cities for retirees, and looked at affordability as a main factor.
Retirees are most likely to find low taxes and care costs in the south and southeast.
Many cities in Florida, Texas, and Alabama made the list, including Jacksonville, Tampa, Mobile, and San Antonio.
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