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Economy

Congressional leaders announce agreement on topline spending levels, a key step to averting shutdown

By KEVIN FREKING
Jan 07, 2024 3:41 pm - WASHINGTON — Congressional leaders have reached an agreement on overall spending levels for the current fiscal year that could help avoid a partial government shutdown la...
US applications for unemployment benefits fall again as job market continues to show strength

By MATT OTT
Jan 04, 2024 8:21 am - The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates. Jobless claims...
Americans ramped up spending during the holidays despite some financial anxiety and higher costs

Associated Press
Dec 26, 2023 10:30 am - Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial...
Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession

By CHRISTOPHER RUGABER
Dec 16, 2023 8:14 am - WASHINGTON (AP) — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Yet...
Bank of England holds interest rates at a 15-year high despite worries about the economy

By PAN PYLAS
Dec 14, 2023 6:18 am - LONDON (AP) — The Bank of England kept borrowing rates unchanged Thursday despite mounting worries over the state of the British economy, and it showed little sign that i...

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