Articles filed under Economy
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A measure of inflation that is closely tracked by the Federal Reserve increased in AprilMay 26, 2023 1:00 am - WASHINGTON - A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index...
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Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a dealMay 25, 2023 1:00 am - WASHINGTON (AP) - House Republicans are pushing debt ceiling talks to the brink, displaying risky political bravado as they prepare to leave town Thursday for the holida...
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More Americans apply for jobless benefits but labor market remains tightMay 25, 2023 1:00 am - U.S. applications for jobless claims rose slightly last week but remain at healthy levels with companies reticent to let go of employees in a tight labor market. The num...
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Kids could fill labor shortages, even in bars, if these lawmakers succeedMay 25, 2023 1:00 am - MADISON, Wis. - Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded r...
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U.S. economic growth for last quarter is revised up to a still-tepid 1.3% annual rateMay 25, 2023 1:00 am - WASHINGTON - The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the ...
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How damage from a U.S. debt default could cascade across the global economyMay 22, 2023 1:00 am - WASHINGTON - If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America's economy would hardly sink alone. The repe...
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Four years in, Rebuild Illinois has been a success - but more can be doneMay 21, 2023 1:00 am - Next month marks the fourth anniversary of the historic, bipartisan Rebuild Illinois law. This multibillion-dollar infrastructure improvement plan addressed years of neg...
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Hike again? Take a pause? Fed officials are split about what to do next to fight inflationMay 18, 2023 1:00 am - WASHINGTON - The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's...
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Fewer Americans apply for jobless benefits, labor market still showing strengthMay 18, 2023 1:00 am - Fewer Americans applied for jobless benefits last week following a previous spike that many analysts took as a sign that higher interest rates were finally cooling the l...
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'America will not default': Biden confident of budget deal with GOP lawmakersMay 17, 2023 1:00 am - WASHINGTON - An optimistic President Joe Biden declared Wednesday he is confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying ...