Economy

NIIGATA, Japan (AP) — Financial leaders of the Group of Seven advanced economies are discussing ways to support Ukraine and pressure Russia to end the war as they meet in Japan starting Thursday. Ukraine's finance minister, Serhiy Marchenko, was participating... Read More

NEW YORK — A large and growing number of corporate CEO’s are preparing for what they believe will be a brief and shallow recession in the next 12 to 18 months, according to The Conference Board, the business membership and... Read More

WASHINGTON (AP) — Senate Democrats are pressuring Republicans on the debt ceiling impasse with a hearing Thursday focused on what they say are the the painful reductions in government services Americans would suffer if a bill recently passed by the House were... Read More

NEW YORK (AP) — Television and movie writers declared late Monday they will launch a strike for the first time in 15 years, as Hollywood girded for a walkout with potentially widespread ramifications in a fight over fair pay in... Read More

WASHINGTON — Treasury Secretary Janet Yellen said in a letter sent to House Speaker Kevin McCarthy, R-Calif., on Monday that the United States could reach the point when it can no longer satisfy its debt obligations as early as June... Read More

WASHINGTON — It came as no surprise, but the House Republican debt-ceiling plan known as the “Limit, Save, Grow Act of 2023” will be dead on arrival should it somehow make it to President Joe Biden’s desk, the White House... Read More

WASHINGTON (AP) — In January, the U.S. government ran up against its legal borrowing limit of $31.381 trillion, and the Treasury Department began implementing “extraordinary measures” to avoid missing payments on its bills. That started speculation about the “x-date" — the date... Read More

WASHINGTON — House Speaker Kevin McCarthy, R-Calif., traveled to Wall Street on Monday to both blame President Joe Biden for the ongoing impasse over raising the nation’s debt ceiling and announce that the chamber’s Republican Conference intends to move its... Read More

LONDON (AP) — Norwegian startup Freyr will first build batteries to power electric vehicles and store clean energy in a remote town near the Arctic Circle. Up next? An Atlanta suburb. That's because a new U.S. clean energy law offers generous tax... Read More

WASHINGTON — In his first significant policy address since joining the Federal Deposit Insurance Corporation as vice chair, Travis Hill warned Washington to “avoid the temptation to overcorrect.” Offering some background and lessons learned from recent bank failures at the... Read More

WASHINGTON — The Biden administration on Tuesday proposed cutting water allotments from the Colorado River in a potentially precedent-setting bid to save the waterway by dramatically reducing the water Arizona, California and Nevada draw from it. Along with the Rio... Read More

WASHINGTON — As World Bank President David Malpass prepares to leave his position in June 2023, he worries about the very real possibility of global recession, and he fears that the next 10 years could be “a lost decade for... Read More

BERKELEY, Calif. — An analysis of the impact of construction of large-scale solar energy projects on nearby residential home values found the decline in property values varied significantly by state, but averaged out to a home sale price reduction of... Read More

WASHINGTON — The Commerce Department on Tuesday announced the availability of the first tranche of a total $50 billion in funding intended to grow and revitalize the nation’s homegrown semiconductor industry. The first funding opportunity seeks applications for projects to... Read More

WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates. Fifty-eight... Read More

ARLINGTON, Va. — U.S. Agriculture Secretary Tom Vilsack urged Congress on Thursday to use the upcoming farm bill reauthorization as an opportunity to encourage America’s farmers to diversify and “create multiple profit centers” in their farming operations. Speaking at the... Read More

WASHINGTON (AP) — America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy's resilience in the face of higher prices and multiple interest... Read More

WASHINGTON — What consumes those inside the beltway and in mainstream media doesn’t always reflect the realities of mainstream Americans or the communities in which they live. That was the consistent theme that emerged from last week’s “Building Resilient Communities”... Read More

WASHINGTON — Hard as it may be to believe, a revolution really did take place while we were all inside, hoping the dark, early shadow of COVID-19 would somehow pass us by.  According to Liz Wilke, principal economist with Gusto,... Read More

WASHINGTON — Connie E. Evans, president and CEO of the Association for Enterprise Opportunity, smiled broadly Thursday as she surveyed the early morning crowd gathered to hear her and other speakers at Charlie Palmer Steak. “It’s seldom, at least in... Read More

Our #CollaborativeEconomies discussion featured case studies that explore the vital relationship between employers and their communities. As the 118th Congress prepares to address a host of economic issues, this discussion touched on important questions facing decision makers including how legislators,... Watch Video

WASHINGTON (AP) — The countdown toward a possible U.S. government default is in the offing — with frictions between President Joe Biden and House Republicans raising alarms about whether the U.S. can sidestep a potential economic crisis. The Treasury Department projects that the federal... Read More

SAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people" or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never... Read More

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. The company said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and changing... Read More

DAVOS, Switzerland (AP) — The world is in a “sorry state" because of myriad interlinked challenges including climate change and Russia's war in Ukraine that are “piling up like cars in a chain reaction crash,” the U.N. chief said at... Read More

WASHINGTON (AP) — Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to... Read More

WASHINGTON (AP) — The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month, starting the clock on an expected standoff between President Joe Biden and the new House Republican majority... Read More

WASHINGTON (AP) — The White House is moving forward with a proposal that would lower student debt payments for millions of Americans now and in the future, offering a new route to repay federal loans under far more generous terms.... Read More

NEW YORK (AP) — Wall Street is rallying Friday amid hopes inflation may continue to cool and the Federal Reserve may ease up on its hikes to interest rates following some mixed readings on the U.S. economy. The S&P 500... Read More

WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter... Read More