Democrats propose temporary suspension of federal gas tax to offset soaring prices
The Gas Prices Relief Act would eliminate the 18.4 cents per gallon fuel tax for the rest of 2022.
Trucker shortage combined with Canadian protests a 'crisis on top of a crisis' for supply chain
"They are not anti-vaccine, they are not anti-safety, they spend 90 percent of their time in their cabs," said Mickey Blashfield. "And this seems to be the line in the sand."
Number of small businesses raising prices due to inflation hits 48-year high, NFIB says
The number of small businesses that raised prices in January amid high inflation rose to levels not seen since 1974, the National Federation of Independent Business said.
US job growth soars past expectations with 467,000 added, shaking off omicron surge
U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.
Minimum wage in Los Angeles will soon increase to $16
Mayor Eric Garcetti announced that beginning July 1, the minimum wage will increase from $15 to $16.04 per hour.
Starbucks to raise menu prices to offset inflation
The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.
National debt tops $30 trillion
Treasury Department data shows new milestone as government spending continues to soar
Valentine's Day 2022: Spending expected to near $24B
More than half of U.S. consumers are planning to celebrate Valentine's Day despite rising inflation.
US economy showed 5.7% growth last year, rebounding from 2020 recession
The American economy bounced back last year with resilience from 2020′s brief but devastating coronavirus recession.
Unemployment claims drop for the first time in a month
The Labor Department reported Thursday that jobless claims fell by 30,000 to 260,000 last week, slightly less than the 265,000 analysts were expecting.
Arizona Senate panel approves tax credit for working low-income families
The Earned Income Tax Credit proposal mirrors the federal credit, which provides refunds to the working poor. It sets the credit at 5% of the federal amount, and the average family would get $128 per year.
Federal Reserve plans to raise interest rates as soon as March
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Unemployment claims climb to 286,000, the most since October
Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.
Retail sales drop 1.9% in December following early holiday rush
Americans sharply cut their spending in December after a burst of early spending in the fall that helped bolster the holiday season.
Inflation surges in December to highest rate since 1982
Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.
Arizona CEO's answer to 'Great Resignation' is offering $5K bonuses for new hires to quit
Chris Ronzio, CEO of software company Trainual, is offering a $5,000 bonus for new hires to quit after just two weeks into their new jobs.
Candy canes join list of shortages amid supply chain, peppermint crop woes
Peppermint-flavored candy canes may be part of a growing list of holiday-related products impacted by supply chain disruptions.
Biden, Manchin at odds over $2T social spending bill, AP source says
According to a person familiar with the talks, President Joe Biden and Sen. Joe Manchin are said to be sharply divided over Democrats’ huge social and environmental bill.
bell hooks, acclaimed author, feminist, dies at 69
bell hooks, the author, educator and activist whose explorations of how race, gender, economics and politics intertwine made her among the most influential feminist thinkers of her time, has died.
Junior's Cheesecake owner on cream cheese shortage: Demand has increased amid labor crisis
4 million pounds of cream cheese are used annually to make their signature dessert