What's in, and out, of Democrats' climate, health care and inflation bill
Here’s a look at the Democrats' "Inflation Reduction Act of 2022" as it stands after Senate Majority Leader Chuck Schumer and holdout Sen. Joe Manchin reached a deal.
Here’s a look at the Democrats' "Inflation Reduction Act of 2022" as it stands after Senate Majority Leader Chuck Schumer and holdout Sen. Joe Manchin reached a deal.
Recession fears rise after US economy shrinks for second straight quarter
The latest figures are raising fears that the nation may be approaching a recession.
The latest figures are raising fears that the nation may be approaching a recession.
US new home sales drop to lowest level in 2 years
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
Nearly half of Americans will take on debt this year despite higher borrowing costs: survey
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
US inflation reached 9.1% in June, a new 40-year high
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
US employers add a solid 372,000 jobs in sign of resilience
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
'We've done something about it': Biden touts rule which aims to rescue pensions for millions
President Joe Biden has used an Ohio visit to showcase federal action aimed at shoring up pensions for millions of workers.
President Joe Biden has used an Ohio visit to showcase federal action aimed at shoring up pensions for millions of workers.
Reports: Tech companies laying off workers, rescinding job offers amid rising prices
Reports are circulating on social media of layoffs and hiring freezes among tech companies.
Reports are circulating on social media of layoffs and hiring freezes among tech companies.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
Wheat and barley shortage: How Russia-Ukraine war triggered a global food crisis
Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.
Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.
Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Soaring gas prices pump the brakes on return-to-work efforts
Google employees, contractors protest return-to-work requirement wiping out paycheck with costly commute.
Google employees, contractors protest return-to-work requirement wiping out paycheck with costly commute.
May jobs report: US added 390,000 jobs last month as hiring remained robust
U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.
U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.
Walmart to create 4,000 jobs with 4 new fulfillment centers
The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.
The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.
US gas prices could top $5 a gallon by mid-June, analyst predicts
With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.
With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.
Key inflation measure slowed in April for the first time since 2020
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
Baby formula shortage: 78,000 pounds of formula arrives in US
The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.
The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.