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Economy

Latest updates on the U.S. economy.

US lawmakers announce 'framework' on bill to avoid government shutdown

US lawmakers announce 'framework' on bill to avoid government shutdown

Congress faces a midnight Friday deadline to pass a spending bill to prevent a partial government shutdown.

December 14, 2022 2:27pm EST
Fed raises key interest rate by half a point, signals more to come

Fed raises key interest rate by half a point, signals more to come

The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.

December 14, 2022 2:13pm EST
Americans say holiday gifts harder to afford

Americans say holiday gifts harder to afford

More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.

December 14, 2022 11:07am EST
US inflation slowed to 7.1% over past 12 months

US inflation slowed to 7.1% over past 12 months

This is the fifth straight month with a slowdown.

December 13, 2022 11:44am EST
These US states are raising minimum wage in 2023, with 4 above $15

These US states are raising minimum wage in 2023, with 4 above $15

More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.

December 7, 2022 1:59pm EST
More Americans getting a second job as high inflation rages

More Americans getting a second job as high inflation rages

High inflation is pushing more Americans to take on a side hustle.

December 5, 2022 4:56pm EST
Rail workers say deal to avoid strike won't resolve quality-of-life concerns

Rail workers say deal to avoid strike won't resolve quality-of-life concerns

Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.

December 3, 2022 4:03pm EST
Senate moves to avert rail strike; bill heads to Biden's desk for signature

Senate moves to avert rail strike; bill heads to Biden's desk for signature

Shortly before Thursday's votes, Biden defended the contract that four of the rail unions had rejected.

December 1, 2022 4:15pm EST
House passes bill to avert railroad strike, impose deal on unions

House passes bill to avert railroad strike, impose deal on unions

If an agreement wasn't reached before a Dec. 9 deadline, the unions threatened to strike -- which would have devastating effects on the U.S. economy.

November 30, 2022 1:12pm EST
Inflation relief checks going to residents in these states. See if you qualify

Inflation relief checks going to residents in these states. See if you qualify

With inflation running near the highest level in 40 years, Republican and Democratic leaders in some states are offering stimulus payments to residents.

November 30, 2022 10:56am EST
Black Friday taking a back seat to Small Business Saturday this year

Black Friday taking a back seat to Small Business Saturday this year

Inflation is shifting consumers' and retailers' behavior.

November 24, 2022 3:29pm EST
Texas mother shares secrets to making $5 dinners every night

Texas mother shares secrets to making $5 dinners every night

As inflation has driven up food prices by 10% this year, Erin Chase, author of 5 Dollar Dinners shares her secrets to saving on groceries.

November 16, 2022 11:54am EST
Inflation slowdown? Not in some cities, where consumer prices still top 12%

Inflation slowdown? Not in some cities, where consumer prices still top 12%

One city, in particular, is seeing the highest inflation rate in the country, still above 12%.

November 12, 2022 7:37pm EST
US consumer inflation slowed to 7.7% in October

US consumer inflation slowed to 7.7% in October

Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday.

November 10, 2022 9:19am EST
How steep interest rate hikes impact your finances

How steep interest rate hikes impact your finances

Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase.

November 2, 2022 6:40pm EDT
Federal Reserve raises interest rate by three-quarters of a point

Federal Reserve raises interest rate by three-quarters of a point

The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.

November 2, 2022 6:38pm EDT
Aldi matching 2019 Thanksgiving prices

Aldi matching 2019 Thanksgiving prices

From free turkeys to major discounts, grocery stores are prepping for a Thanksgiving set against surging inflation.

November 2, 2022 1:29pm EDT
US diesel supplier warns businesses to prepare for shortages, higher prices for consumers

US diesel supplier warns businesses to prepare for shortages, higher prices for consumers

The company suggests being aware of tank levels and not 'panic buying' fuel.

November 1, 2022 9:42am EDT
Social Security benefits to rise by record amount in 2023: Check how much money you could receive

Social Security benefits to rise by record amount in 2023: Check how much money you could receive

More than 64 million Americans collecting Social Security will receive the bigger payments beginning in January, the administration said.

November 1, 2022 6:51am EDT
Prices on new, used vehicles finally begin to creep down from inflated highs

Prices on new, used vehicles finally begin to creep down from inflated highs

Even with the average price of new and used vehicles beginning to ease, auto purchases remain unaffordable for many, with average prices still 30% to 50% above where they were in early 2020.

October 28, 2022 12:14pm EDT
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