Congress moves into crisis mode as time runs short to prevent government shutdown
Congress is in crisis mode with five days to go before a government shutdown.
US national debt hits $33T for first time in history
The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.
Republicans propose short-term spending bill as government shutdown approaches
The proposed short-term bill would keep the government open until late October.
Gas prices will inch higher next week before offering drivers relief, experts say
The 'biggest issue facing the consumer and the economy is the relentless rise in diesel prices,' an industry analyst warned
Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes
Tim Gurner, a multi-millionaire CEO of Gurner Group, a real estate company founded in 2013, said at a conference that COVID-19 created a work culture in which employees' attitudes and work ethic deteriorated.
Kevin McCarthy juggles a government shutdown, Biden impeachment inquiry as House returns for fall
Republican Speaker Kevin McCarthy faces a political standoff as he works to avoid a government shutdown while attempting to launch an impeachment inquiry into President Joe Biden over his son Hunter Biden's business dealings.
Congress returns to avoid government shutdown while Republicans weigh an impeachment inquiry
President Joe Biden and congressional leaders are focused on the passage of a months-long funding measure to keep government offices running while lawmakers iron out a budget.
Biden celebrates unions and job creation during Philadelphia Labor Day appearance
President Joe Biden has told a crowd gathered in Philadelphia for a Labor Day parade he’s “celebrating jobs, good-paying jobs, jobs you can raise a family on, union jobs.”
Farmers Insurance to layoff 2,400 staff across entire business
The employees getting laid off represent about 11% of the insurance provider's staff.
Home affordability is the worst it has been in nearly 40 years, study shows
U.S. home prices recently faced their sharpest rise since November.
Popular summer vacation destinations across US see uptick in vacancies
Vacation hotspots across the country saw vacancy rates as high as 20% this summer
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
The US housing market may be trapped in a prolonged freeze
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
Federal Reserve signals potential interest rate hikes to sustain strong US economy
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said.
Summer spending at bars & restaurants soars as Americans overlook inflation, recession fears
Sales at restaurants and bars surged from May through July compared to last year, with the recent spending trend occurring during a time of slowing menu price growth.
Survey: Gen Z, millennial couples say it's too expensive to get married
More Gen Z and millennials are saying “I do…not."
Here's how much workers are demanding to start a new job
The lowest wage that American workers are willing to take in order to accept a new job has hit a record high this year, survey results show.
Americans burning through excess savings from the pandemic, SF Fed study says
Americans are burning through the excess savings they accumulated during the COVID-19 pandemic thanks to a big burst of stimulus money from the federal government and limited spending.
Mortgage rates reach highest level in over 20 years
Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.
Walmart's hot sellers amid inflation? Hand mixers, kitchen tools as people prepare meals at home
Walmart is reporting strong second-quarter sales results as the retailer’s low-price model continues to attract budget-conscious consumers in a tough economic environment.