No Sign of Recession as Job Market Stays Hot, Teeing Up More Fed Rate Hikes
Payrolls grew by 372,000 in June, the Labor Department announced Friday, easing fears over a potential recession while clearing the way for another...
Global Inflation, Fueled by War in Ukraine, Could Drive 71 Million Into Poverty: UN
The global food and energy price surges that have resulted from the war in Ukraine could push more than 71 people worldwide into poverty, according to...
Poll of the Day: A New Low for All Three Branches of Government
Now that the July 4th fireworks have flamed out, the pollsters at Gallup are providing some details about how Americans’ confidence in our major...
Supreme Court Delivers a ‘Devastating’ Blow to Biden’s Climate Agenda
The Supreme Court on Thursday limited the Environmental Protection Agency’s ability to curb power plant emissions, delivering a blow to the Biden...
Clock Is Ticking in Battle Against Inflation, Powell Says
Federal Reserve Chair Jay Powell said Wednesday that the central bank aims to break the back of inflation, and there’s no guarantee that it can spare...
Larry Summers Says the US Needs Much Higher Unemployment to Break Inflation
President Biden downplayed the likelihood of a recession in an interview with the Associated Press last week, and he repeated the point over the...
A Recession Is ‘Not Inevitable,’ Biden Says
With recession fears rising and his approval rating continuing to slide, President Joe Biden sought to soothe the national psyche on Thursday. In a 30...
‘Not Acceptable’: Biden Slams Oil Companies for High Gas Prices, Profits
President Biden on Wednesday blasted seven major oil companies, criticizing them for limiting refining capacity and posting “historically high” profit...
Fed Announces Biggest Rate Hike Since 1994
The Federal Reserve on Wednesday raised its benchmark interest rate by three-quarters of a percentage point, lifting the target range to between 1.5%...
Treasury Yields Hit Decade Highs as Investors Expect Aggressive Fed Hike
The yield on benchmark 10-year Treasury notes rose to its highest level in more than 11 years Tuesday as investors priced in the likelihood of the...