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.”

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.

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.

Biden heads to Wisconsin to talk about economy a week before GOP presidential debate

Joe Biden's trip to Wisconsin Tuesday is also on the eve of the first anniversary of the Inflation Reduction Act, a major economic bill the president signed into law.