First-Quarter GDP Was Even Worse Than Originally Reported. What Comes Next?
The U.S. economy was even weaker in the first three months of 2022 than initially thought, the Bureau of Economic Analysis said Thursday, as it...
To Fight Inflation, Biden Considers Cutting Trump Tariffs on China
President Joe Biden said Monday that he is considering cutting Trump-era tariffs on Chinese goods as a measure to combat inflation. "I am considering...
US Households Felt Flush in 2021: Fed Report
In the fall of 2021, U.S. households reported the highest level of financial well-being in at least nine years, the Federal Reserve says in a new...
Biden Approval Rating Drops to New Low
President Joe Biden’s approval numbers have fallen to their lowest point since taking office, according to new polling data from the Associated Press...
Yellen Warns of Stagflationary Risk as Gas Prices Soar
Treasury Secretary Janet Yellen said Wednesday that while food and energy costs should ease eventually, much of the globe could be hit with inflation...
Inflation Dips in April, but Just Barely
Upward pressure on prices eased a bit in April, the Bureau of Labor Statistics announced Wednesday, providing a ray of hope that the U.S. has put the...
Biden Says Inflation Is Top Priority, Slams ‘Ultra-MAGA’ GOP
President Joe Biden on Tuesday called inflation “the number one challenge facing families today” and said that addressing rising prices is at the top...
Biden Gets Another Strong Jobs Report
The U.S. economy added 428,000 jobs in April, with the unemployment rate holding steady at a pandemic low of 3.6%, the Labor Department announced...
Fed Raises Interest Rates by 0.50%, Biggest Hike Since 2000
The Federal Reserve raised its benchmark interest rate by half a percentage point Wednesday, in a widely expected move that signals a more pronounced...
Job Openings and Quits Hit New Highs
Employers posted 11.5 million jobs in March, the highest level since tracking began in 2000, the Labor Department announced Tuesday. New hirings...