Economy
WASHINGTON — Travel for business and leisure has a $2.6 trillion annual impact on the U.S. economy, and the U.S.... Read More
WASHINGTON — Travel for business and leisure has a $2.6 trillion annual impact on the U.S. economy, and the U.S. Travel Association is taking steps to make sure you don’t forget it as the summer travel season gets underway this... Read More
WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy both said they had a productive debt ceiling discussion... Read More
WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy both said they had a productive debt ceiling discussion late Monday at the White House, but there was no agreement as negotiators strained to raise the nation's borrowing limit... Read More
NEW YORK (AP) — Near the end of 2021, Jessica Callahan was living in Columbus, Ohio, working as a social... Read More
NEW YORK (AP) — Near the end of 2021, Jessica Callahan was living in Columbus, Ohio, working as a social science researcher and wondering if there was a better way to support herself. Her friends Julie Ross and Austin Carter... Read More
WASHINGTON — Republicans are pointing to the Democrats, Democrats are blaming Republicans, but one thing all agree on: If the... Read More
WASHINGTON — Republicans are pointing to the Democrats, Democrats are blaming Republicans, but one thing all agree on: If the U.S. defaults on its debt, the results could be catastrophic. The Center for American Progress, a liberal public policy research... Read More
WASHINGTON — Frustrated Republicans walked out of debt ceiling talks on Friday, unexpectedly bringing a halt to the critical negotiations... Read More
WASHINGTON — Frustrated Republicans walked out of debt ceiling talks on Friday, unexpectedly bringing a halt to the critical negotiations just days before the United States faces the first ever default on its financial obligations. “We decided to press pause... Read More
WASHINGTON (AP) — President Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a... Read More
WASHINGTON (AP) — President Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge from painstakingly slow negotiations. Raising... Read More
WASHINGTON — There will be no meeting between President Joe Biden and congressional leaders over the debt ceiling on Friday... Read More
WASHINGTON — There will be no meeting between President Joe Biden and congressional leaders over the debt ceiling on Friday after they mutually agreed to give staff more time to work out the framework of a deal. Biden, House Speaker... Read More
NIIGATA, Japan (AP) — Financial leaders of the Group of Seven advanced economies are discussing ways to support Ukraine and... Read More
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... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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... 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,... 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... 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... Watch Video
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... Read More
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... 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