US consumer prices rise 0.3% in August 2021, lowest in 7 months

U.S. consumer prices rose a lower-than-expected 0.3% last month, a hopeful sign that a recent jump in inflation may be cooling.

Push to let teens drive trucks interstate divides the industry

Proposed legislation to test letting people as young as 18 years old drive big rigs interstate is exposing a divide in the trucking sector, where companies are having trouble finding workers for the grueling job of hauling goods over long distances.

Millions of jobless face losing benefits as federal aid set to expire

Millions of jobless Americans who have depended on federal unemployment aid as a financial lifeline are about to lose those benefits just as the delta variant of the coronavirus poses a renewed threat to the economy and the job market.

Social Security will be insolvent by 2034 due to COVID-19 pandemic

The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035.

Fed to end ultra-low interest rates if hiring keeps improving, Powell says

Should hiring continue to improve, Chair Jerome Powell said the Federal Reserve will dial back its ultra-low interest rates policies later this year.

US unemployment claims rise by 4,000 to 353,000

U.S. unemployment claims rose for the first time in five weeks even though the economy and job market have been recovering from the pandemic.

Most rental assistance has still not gone out, feds report

The latest data shows that the pace of distribution increased in July over June and that nearly a million households have been helped.

Biden infrastructure agenda advances as House passes $3.5 trillion budget

House Democratic leaders have compromised with moderates and muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle.

US unemployment claims drop by 14,000 to 385,000

The number of Americans seeking unemployment benefits fell last week to 385,000. The applications have mostly fallen steadily since early January.

Senate convenes in rare weekend session to debate infrastructure bill

The Senate convened for a rare weekend session to continue debate on the bill that will greatly expand spending on roads, bridges and mass transit if passed.

Bucks' playoff run generated millions for Milwaukee

Tourism experts say the 2021 NBA Championship team is proving to be the best commercial Milwaukee could have right now.

Infrastructure bill: Biden, senators reach $1T deal

President Joe Biden and a bipartisan group of senators reached agreement Wednesday on a $1 trillion national infrastructure package, and the Senate appeared ready to begin consideration of the key part of the administration's agenda.

Stocks plunge over delta variant fears; Biden seeks to reassure over economy

Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.

COVID-19 pandemic recession ended in April 2020, shortest on record

The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.

1st child tax credits start arriving - why some parents should opt out of the payments

Tens of millions of families received some extra money on Thursday when the IRS distributed the first of six monthly payments from the newly expanded child tax credit.