Social Security will be insolvent by 2034 due to COVID-19 pandemic
The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035.
The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035.
Fed to end ultra-low interest rates if hiring keeps improving, Powell says
Should hiring continue to improve, Chair Jerome Powell said the Federal Reserve will dial back its ultra-low interest rates policies later this year.
Should hiring continue to improve, Chair Jerome Powell said the Federal Reserve will dial back its ultra-low interest rates policies later this year.
Supply chain disruptions, along with ongoing COVID-19 pandemic, to blame for shortages in stores
You may have noticed empty shelves or your favorite grocery items missing, and experts say COVID-19 is partly to blame.
You may have noticed empty shelves or your favorite grocery items missing, and experts say COVID-19 is partly to blame.
Sinema dashes House Dems' hopes for $3.5T infrastructure bill
"Proceedings in the U.S. House will have no impact on Kyrsten’s views about what is best for our country – including the fact that she will not support a budget reconciliation bill that costs $3.5 trillion," a Sinema spokesperson told Politico in a statement.
"Proceedings in the U.S. House will have no impact on Kyrsten’s views about what is best for our country – including the fact that she will not support a budget reconciliation bill that costs $3.5 trillion," a Sinema spokesperson told Politico in a statement.
Child tax credit: Treasury, IRS disburse second round of payments
According to the IRS and Treasury Department, a technical issue will cause a small percentage of those who chose direct deposits to receive a physical check this month.
According to the IRS and Treasury Department, a technical issue will cause a small percentage of those who chose direct deposits to receive a physical check this month.
‘Investment in American families’: Biden outlines $3.5T infrastructure spending plan
President Biden announced his immediate plans to help bolster American families feeling “the pinch” after Senate Democrats approved a budget resolution that will pave the way for a $3.5 trillion spending package.
President Biden announced his immediate plans to help bolster American families feeling “the pinch” after Senate Democrats approved a budget resolution that will pave the way for a $3.5 trillion spending package.
Tyson Foods grappling with 'unprecedented inflation'
Tyson CEO said inflation was up about 14% during company's third quarter
Tyson CEO said inflation was up about 14% during company's third quarter
Biden, CDC roll out targeted ban on renter evictions – who’s impacted and what to do now
After the previous ban expired, the CDC instated a new targeted eviction ban for renters in areas with high COVID-19 transmission levels.
After the previous ban expired, the CDC instated a new targeted eviction ban for renters in areas with high COVID-19 transmission levels.
Bill would send US adults 'guaranteed income' of up to $1,200 per month
A bill proposed by Rep. Ilhan Omar, D-Minn., would send monthly payments of up to $1,200 to adults and $600 to kids following years-long pilot programs.
A bill proposed by Rep. Ilhan Omar, D-Minn., would send monthly payments of up to $1,200 to adults and $600 to kids following years-long pilot programs.
Expiration of eviction moratorium thrusts US into housing crisis
Millions of Americans are at risk of losing their homes now that the federal eviction moratorium has expired.
Millions of Americans are at risk of losing their homes now that the federal eviction moratorium has expired.
As people move to Phoenix, so are companies that are looking to relocate
Over the last year, company after company have announced a move to the Valley, and an official with the Greater Phoenix Economic Council says it's the people that are drawing companies to the Valley of the Sun.
Over the last year, company after company have announced a move to the Valley, and an official with the Greater Phoenix Economic Council says it's the people that are drawing companies to the Valley of the Sun.
Biden pushes 'buy American' efforts, energy investments at truck plant
President Joe Biden's visit to the facility in the Lehigh Valley comes as his administration pushes new “buy American” efforts and advocates for government investments and clean energy as ways to strengthen U.S. manufacturing.
President Joe Biden's visit to the facility in the Lehigh Valley comes as his administration pushes new “buy American” efforts and advocates for government investments and clean energy as ways to strengthen U.S. manufacturing.
Arizona senators announce $2.2 million investment in drinking water and wastewater infrastructure
A new senate deal was announced by Senators Sinema and Kelly to help Arizona's water infrastructure.
A new senate deal was announced by Senators Sinema and Kelly to help Arizona's water infrastructure.
San Francisco considering congestion tax on high-earning drivers
The San Francisco County Transportation Authority is once again eyeing a tax on drivers in the busiest parts of the city's downtown, and has launched a study into a so-called "congestion pricing" plan as traffic begins to pick up following 2020's pandemic-induced lull.
The San Francisco County Transportation Authority is once again eyeing a tax on drivers in the busiest parts of the city's downtown, and has launched a study into a so-called "congestion pricing" plan as traffic begins to pick up following 2020's pandemic-induced lull.
After COVID-19 hurts Arizona's economy, Phoenix Suns playoff run helps revive it
Despite the Phoenix Suns losing the NBA Finals, they won over the love of Valley businesses because they brought much-needed financial relief after being hard hit by the COVID-19 pandemic.
Despite the Phoenix Suns losing the NBA Finals, they won over the love of Valley businesses because they brought much-needed financial relief after being hard hit by the COVID-19 pandemic.
COVID-19 pandemic recession ended in April 2020, shortest on record
The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
Report: Full-time minimum wage workers can only afford rent in 7% of US counties
A recent report from the National Low Income Housing Coalition found that full-time minimum-wage workers can’t afford rent in most areas of the U.S.
A recent report from the National Low Income Housing Coalition found that full-time minimum-wage workers can’t afford rent in most areas of the U.S.
American unemployment claims fall to 360,000, another pandemic low
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.
Consumer prices saw largest inflation spike in June since 2008
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.
Consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.
Biden calls Cuba protests 'remarkable' and 'a call for freedom'
Thousands of Cubans marched Sunday to protest food shortages and high prices amid the coronavirus crisis in one of the biggest anti-government demonstrations in memory.
Thousands of Cubans marched Sunday to protest food shortages and high prices amid the coronavirus crisis in one of the biggest anti-government demonstrations in memory.