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House Speaker Kevin McCarthy faces a daunting task when lawmakers return from their Independence Day recess next week: passing a dozen appropriations bills for 2024 with a small and fractious House majority, while under threat of yet another government shutdown at the end of September if he fails to do so. Conservative House Republicans are pushing for McCarthy to take a harder line in the budget process. They want to see spending in 2024 rolled back to 2022 levels, as McCarthy originally sought

The airline canceled 16,700 flights before and after Christmas as it struggled to recover from bad weather.

U.S. home prices fell for the fourth consecutive month in October.

Federal Reserve Chairman Jerome Powell told the crowd at a Brookings Institute event this week the dramatic rise in home prices in 2020, 2021 and part of 2022 was a “housing bubble.” Does that mean the housing market is crashing? It’s complicated, because a housing shortage persists. The key, Fed researches say, is to cool demand enough to bring down prices, but also achieve a “soft landing.”

He has said the U.S. housing market needed a \