Fed dialing back COVID-19 economic aid amid high inflation
In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.
In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.
Biden seeks solutions for supply chain delays at G20 summit
President Joe Biden plans to talk with fellow world leaders at the Group of 20 summit in Rome about relieving supply chain bottlenecks.
President Joe Biden plans to talk with fellow world leaders at the Group of 20 summit in Rome about relieving supply chain bottlenecks.
US salaries grew more last quarter than they have in 2 decades
The Labor Department said Friday that pay increased 1.5% in the third quarter. That’s up sharply from 0.9% in the previous quarter.
The Labor Department said Friday that pay increased 1.5% in the third quarter. That’s up sharply from 0.9% in the previous quarter.
Biden announces 'historic' deal on $1.75T spending plan, asks Democrats for votes
President Joe Biden says he has reached a “historic” framework with Democrats in Congress on his sweeping, though scaled-back domestic policy plan.
President Joe Biden says he has reached a “historic” framework with Democrats in Congress on his sweeping, though scaled-back domestic policy plan.
Biden arrives in Rome for global summit as domestic agenda in limbo
President Joe Biden promised to show the world that democracies can work to meet the challenges of the 21st century.
President Joe Biden promised to show the world that democracies can work to meet the challenges of the 21st century.
US unemployment claims drop to pandemic low of 281,000
U.S. unemployment claims dropped by 10,000 to 281,000, the lowest since mid-March 2020.
U.S. unemployment claims dropped by 10,000 to 281,000, the lowest since mid-March 2020.
Biden's social spending plan: Many progressives reluctantly accept smaller bill
Democrats previously pushed a 10-year, $3.5 trillion fiscal blueprint of Biden’s plan. But the actual package now seems likely to be half that size.
Democrats previously pushed a 10-year, $3.5 trillion fiscal blueprint of Biden’s plan. But the actual package now seems likely to be half that size.
Thanksgiving dinner may be more expensive as holiday staples in short supply
While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.
While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.
President Biden visits New Jersey to push infrastructure bill, education agenda
President Joe Biden continues to push his Infrastructure Deal and Build Back Better Agenda with stops in Newark, Kearny and North Plainfield on Monday.
President Joe Biden continues to push his Infrastructure Deal and Build Back Better Agenda with stops in Newark, Kearny and North Plainfield on Monday.
Twitter CEO Jack Dorsey's dire warning: 'Hyperinflation' will soon 'change everything'
Twitter CEO Jack Dorsey has issued a warning about hyperinflation, saying it "is going to change everything."
Twitter CEO Jack Dorsey has issued a warning about hyperinflation, saying it "is going to change everything."
US budget deficit reaches $2.77 trillion in 2021, its 2nd highest ever
The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion in 2020.
The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion in 2020.
Fed sets new limits on policymakers' investments amid questionable trades
The Federal Reserve issued new restrictions on policymakers’ investments in response to questionable recent trades that forced two top officials to resign.
The Federal Reserve issued new restrictions on policymakers’ investments in response to questionable recent trades that forced two top officials to resign.
US unemployment claims fall to 290,000, a new pandemic low
Unemployment claims in the U.S. reached another pandemic low last week, declining to 290,000.
Unemployment claims in the U.S. reached another pandemic low last week, declining to 290,000.
Treasury official claims inflation part of ‘economy in transition,’ only way out is 100% global vaccination
The comments are the latest in confusing, conflicting messaging on inflation from the Biden administration.
The comments are the latest in confusing, conflicting messaging on inflation from the Biden administration.
Climate change: US report targets economic risks from extreme weather
A new White House report addresses how the U.S. economy could be affected by climate change, including extreme heat, flooding, storms and wildfires.
A new White House report addresses how the U.S. economy could be affected by climate change, including extreme heat, flooding, storms and wildfires.
Port of Los Angeles chaos: 24/7 operations won’t be immediate
Port of Los Angeles Executive Director Gene Seroka said Thursday that a timeline for the port to begin 24/7 operations was not clear and would depend on collaboration between the port's longshore workers, truck drivers and the more than 125,000 companies that import cargo through the port every year.
Port of Los Angeles Executive Director Gene Seroka said Thursday that a timeline for the port to begin 24/7 operations was not clear and would depend on collaboration between the port's longshore workers, truck drivers and the more than 125,000 companies that import cargo through the port every year.
US unemployment claims fall to lowest level of COVID-19 pandemic
U.S. unemployment claims dropped 36,000 to 293,000 last week, the lowest level since the start of the pandemic, the Labor Department said.
U.S. unemployment claims dropped 36,000 to 293,000 last week, the lowest level since the start of the pandemic, the Labor Department said.
Port of Los Angeles going 24/7 to ease shipping backlog, White House says
The Port of Los Angeles will become a 24-hour, seven-days-a-week operation to help relieve supply chain bottlenecks and move stranded container ships.
The Port of Los Angeles will become a 24-hour, seven-days-a-week operation to help relieve supply chain bottlenecks and move stranded container ships.
Social Security checks to increase by 5.9% in 2022 as inflation jumps
The Social Security COLA amounts to $92 a month for the average retired worker, according to estimates released by the Social Security Administration.
The Social Security COLA amounts to $92 a month for the average retired worker, according to estimates released by the Social Security Administration.
Social security annual cost-of-living set to increase in 2022
Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.
Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.