Articles filed under Economy
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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 ...
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Europe's economic outlook brightens a little. But inflation still squeezesMay 15, 2023 1:00 am - FRANKFURT, Germany (AP) - The European Union's executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an en...
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Weekly US jobless claims highest since 2021, but companies avoid risk of being caught short-handedMay 11, 2023 1:00 am - The number of Americans filing for unemployment benefits last week rose to its highest level in a year-and-a-half, though jobs remain plentiful by historical standards e...
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US adds a solid 253,000 jobs despite Fed's rate hikesMay 05, 2023 1:00 am - WASHINGTON (AP) - America's employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest ra...
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The banking crisis isn't over. But how bad will it get?May 04, 2023 1:00 am - NEW YORK (AP) - Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the wor...
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Why First Republic failed. Are other banks to follow?May 02, 2023 1:00 am - First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley Bank, which was seized by th...