Jerome Powell testimony: More evidence needed on tamed inflation
WASHINGTON (AP) — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but said it...
Recession risks are fading, business economists say, but political tensions pose threat to economy
WASHINGTON (AP) — Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would...
US national debt hits record $34 trillion
WASHINGTON (AP) — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to...
US homelessness hits its highest reported level
WASHINGTON (AP) — The United States experienced a dramatic 12% increase in homelessness to its highest reported level as soaring rents and a decline in...
US fighter jets strike Iran-linked sites in Syria in retaliation for attacks on US troops
WASHINGTON (AP) — U.S. fighter jets launched airstrikes early Friday on two locations in eastern Syria linked to Iran’s Revolutionary Guard Corps, the Pentagon said,...
Americans’ faith in institutions has been sliding for years. The chaos in Congress isn’t helping
WASHINGTON (AP) — For many Americans, the Republican dysfunction that has ground business in the U.S. House to a halt as two wars rage abroad...
Social Security benefits will increase by 3.2% in 2024 as inflation moderates
WASHINGTON (AP) — Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost...
US consumer confidence tumbles in September as American anxiety about the future grows
WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for...