Fed may tighten financial rules after US bank failures, Powell says

The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new regulations.

Powell expects more Fed rate hikes because of persistently high inflation

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.

Old Arizona mine turned into cannabis cultivation facility

Seventy-five people work here, plus the town has set up a committee to attract more business and breathe new life into the once-dying town of San Manuel.

Summer camps, sports leagues jump on buy now, pay later bandwagon

As inflation continues to weigh down household budgets, thousands of camps and sports leagues are now offering buy now, pay later with a service called Wordline.

Biden signs debt ceiling bill, dodging default deadline

The debt ceiling bill averted the potential of an unprecedented government default that would have rocked the U.S. and global economies.

Debt ceiling deal: Biden celebrates bipartisanship, 'crisis averted' in Oval Office address

He's ready to sign on Saturday a budget agreement that suspends the nation's debt ceiling and eliminates the potential for a first-ever government default that would have sent shock waves through the U.S. and global economies.

Know any airplane mechanics? Wave of retirements leave some US industries desperate

A surge of retirements, along with a slowdown in immigration that began during the pandemic, are the primary factors behind the labor shortages that continue to bedevil many employers.

Debt ceiling deal includes new work requirements for SNAP: How they work

The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.

Debt ceiling: House OKs bill to avoid default, sends Biden-McCarthy deal to Senate

The House has approved the debt ceiling and budget cuts package, sending it to the Senate. President Joe Biden negotiated the deal with Speaker Kevin McCarthy to avert a U.S. default crisis.

Debt ceiling: Bill on its way to House floor after clearing key hurdle

Under fire from conservatives, House Speaker Kevin McCarthy is hunting for votes from fellow Republicans for the debt ceiling deal.

These billionaires are worth more than the US Treasury has in cash, report says

The cash balance at the U.S. Treasury is lower than the net worth of some of the world's richest people, according to the Bloomberg Billionaire Index.