Recession Signal As Consumers Struggle To Pay Bills

Goldman Flags Troubling Mortgage Delinquency Rise Across This U.S. Region Mortgage delinquencies fell slightly in March, with the first-lien delinquency rate declining to 3.35%, down 37 basis points from February, as seasonal factors and tax refunds supported borrowers. The real estate and mortgage industry outlet HousingWire cited Intercontinental Exchange’s May 2026 Mortgage Monitor report, which showed that while the overall mortgage delinquency rate fell in March, there was still concern over serious delinquencies and foreclosures, which are up by 154,000 borrowers from one year ago. The increase was driven mostly by FHA...

US Treasury Secretary Presses Senate To Pass Crypto Market Structure Legislation Authored by Micah Zimmerman via BitcoinMagazine.com, Treasury Secretary Scott Bessent told a Senate panel Wednesday that passing comprehensive crypto legislation is essential to securing U.S. financial leadership and protecting the dollar’s status as the world’s reserve currency, using an appearance before the Senate Appropriations Subcommittee on Financial Services and General Government to amplify a push for legislation that has stalled on Capitol Hill for months. Bessent testified at a hearing reviewing President Donald Trump’s Fiscal Year 2027 budget request for the Department of the Treasury. During the...

Pentagon Seeks Stunning 243x Budget Surge For Drone Warfare Unit As Eurasian Wars Reshape Combat Buried in the Department of War's Fiscal Year 2027 procurement request is a massive increase for the Defense Autonomous Warfare Group (DAWG), a clear acknowledgment that ongoing conflicts across Eurasia have underscored one hard lesson: cheap kamikaze drones can impose outsized costs on traditional militaries. The substantial surge in the budget request also signals growing urgency within the DoW to field these drones at scale. The defense and aerospace news publication Inside Defense was the first...