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...
Biden promises response after 3 US troops killed in Jordan
COLUMBIA, S.C. (AP) — President Joe Biden said Sunday that the U.S. “shall respond” after three American troops were killed and dozens more were injured...
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...
Fed’s Powell: More rate hikes are likely this year to fight still-high inflation
WASHINGTON (AP) — With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome...
US consumer price growth slowed last month as inflation shows signs of steady decline
WASHINGTON (AP) — Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady...