Powell expects more Fed rate hikes because of persistently high inflation
Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.
Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.
Auto shops struggle to find trained mechanics amid national shortage: 'It's really getting scary'
There's only about half the number of auto mechanics needed coming out of technical colleges and training programs every year.
There's only about half the number of auto mechanics needed coming out of technical colleges and training programs every year.
Inflation cools sharply in May to 4%, lowest in 2 years
Last month marked the slowest pace of inflation since March of 2021.
Last month marked the slowest pace of inflation since March of 2021.
Debt ceiling: Senate gives final approval to deal, sending it to Biden
Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package.
Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package.
Know any airplane mechanics? Wave of retirements leave some US industries desperate
A surge of retirements, along with a slowdown in immigration that began during the pandemic, are the primary factors behind the labor shortages that continue to bedevil many employers.
A surge of retirements, along with a slowdown in immigration that began during the pandemic, are the primary factors behind the labor shortages that continue to bedevil many employers.
Debt ceiling deal includes new work requirements for SNAP: How they work
The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.
The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.
Debt ceiling: House OKs bill to avoid default, sends Biden-McCarthy deal to Senate
The House has approved the debt ceiling and budget cuts package, sending it to the Senate. President Joe Biden negotiated the deal with Speaker Kevin McCarthy to avert a U.S. default crisis.
The House has approved the debt ceiling and budget cuts package, sending it to the Senate. President Joe Biden negotiated the deal with Speaker Kevin McCarthy to avert a U.S. default crisis.
Debt ceiling: Bill on its way to House floor after clearing key hurdle
Under fire from conservatives, House Speaker Kevin McCarthy is hunting for votes from fellow Republicans for the debt ceiling deal.
Under fire from conservatives, House Speaker Kevin McCarthy is hunting for votes from fellow Republicans for the debt ceiling deal.
These billionaires are worth more than the US Treasury has in cash, report says
The cash balance at the U.S. Treasury is lower than the net worth of some of the world's richest people, according to the Bloomberg Billionaire Index.
The cash balance at the U.S. Treasury is lower than the net worth of some of the world's richest people, according to the Bloomberg Billionaire Index.
6 tips to save $100 a week and put it toward savings
How to overcome inflation and regain control of your finances
How to overcome inflation and regain control of your finances
Tight labor market has increased demand for teens in summer jobs
The proportion of Americans between the ages of 16 and 19 who have jobs has trended up in recent years.
The proportion of Americans between the ages of 16 and 19 who have jobs has trended up in recent years.
Debt ceiling deal: Here's what's in, what's out of the bill to avert US default
Details of the deal between President Joe Biden and House Speaker Kevin McCarthy are out. But the two leaders still have to persuade Congress to pass the bill.
Details of the deal between President Joe Biden and House Speaker Kevin McCarthy are out. But the two leaders still have to persuade Congress to pass the bill.
Biden, McCarthy reach final deal in debt ceiling talks, look to sell Congress
The Democratic president and Republican speaker spoke with each other Sunday evening as negotiators rushed to draft the bill text so lawmakers can review compromises that neither the hard-right or left flank is likely to support.
The Democratic president and Republican speaker spoke with each other Sunday evening as negotiators rushed to draft the bill text so lawmakers can review compromises that neither the hard-right or left flank is likely to support.
What's next on debt ceiling: Congress has little time to approve deal before default deadline
Lawmakers are not expected to return to work from the Memorial Day weekend before Tuesday, at the earliest.
Lawmakers are not expected to return to work from the Memorial Day weekend before Tuesday, at the earliest.
Source: Debt ceiling 'agreement in principle' has been reached
President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle" late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline,
President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle" late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline,
Round 3 of Disney job cuts starting
Disney has said it plans to trim 7,000 from its workforce overall
Disney has said it plans to trim 7,000 from its workforce overall
Debt ceiling: No agreement yet, but Biden, McCarthy say they're optimistic after meeting
President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling.
President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling.
Memorial Day weekend: Driving better value than flying, experts say
There is no doubt that Memorial Day weekend marks the beginning of the summer travel season, and this year prices are once again on the rise as a result.
There is no doubt that Memorial Day weekend marks the beginning of the summer travel season, and this year prices are once again on the rise as a result.
Debt ceiling explained: Why it's a struggle, how the impasse could end
Negotiations are continuing over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.
Negotiations are continuing over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.
Debt limit talks stall as Republicans, White House face 'real differences'
Debt limit talks came to an abrupt standstill after Republican House Speaker Kevin McCarthy said it’s time to “pause" negotiations.
Debt limit talks came to an abrupt standstill after Republican House Speaker Kevin McCarthy said it’s time to “pause" negotiations.