The Daily Money: Debt limit dispute emperils consumers; McRib back at McDonald's
Good morning, Daily Money folks, it's Nathan here once again! Happy Thursday to you.
I guess the housing market isn't red-hot for everyone.
"The One Bel Air," a Los Angeles megamansion topping 105,000 square feet of living space, has dropped its asking price by more than half from $500 million to $225 million.
The estate apparently has 42 bathrooms, 21 bedrooms and a 5,500-square-foot master suite to go along with a surrounding moat, a 400-foot-long jogging track, a private nightclub and a 30-car garage.
Dang, that won't work for me. I've gotta have a 31-car garage. Oh well.
💰 The Daily Money is Paste BN's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!
On to our ...
💡 INSIGHT OF THE DAY: What happens when Uncle Sam runs out of money? Nothing good, I can assure you that. If Congress fails to reach a deal to raise the debt limit, the U.S. Treasury could soon default on its debts for the first time ever. Our Jessica Menton reports that, for consumers, that could mean a spike in mortgage rates and other consumer borrowing costs. But right now the smart money is on Congress hashing out some sort of deal.
⌚ WHAT TO WATCH FOR: A dispute between Google's YouTube TV and NBCUniversal is going down to the wire. If they don't reach a deal by tonight, YouTube TV subscribers could lose access to more than a dozen channels, including NBC and MSNBC. It's the latest dispute between content providers and TV companies over the prices they charge and pay. We'll soon see whether they were simply posturing for a better deal or making legitimate threats.
📰 And here are more stories you won't want to miss:
1. Get those tastebuds ready: McDonald's is bringing the McRib back.
2. Yes, you're probably wasting money on technology: Here are some smart ways to save money instead.
3. The "dollar store" doesn't mean what it used to: Dollar Tree will add more items for more than $1.
Let's just hope the dollar store doesn't go the way of the dime store.
--@NathanBomey