Here's how much more you'll be paying for food in 2022, according to USDA estimates

The USDA’s Food Price Outlook estimates that prices at the grocery store will increase by 5%-6% in 2022. Overall, food prices were 8.8% higher in March 2022, compared to a year prior.

Pediatrician's plea to parents: Do NOT make your own baby formula

Amid today's baby formula shortage, Dr. Sarah Adams of Akron Children's Hospital in Ohio warned parents away from homemade options.

Fed raises interest rates by half-point, the most since 2000

The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.

Biden highlights deficit progress to counter criticism on US economy

The president is placing a renewed emphasis on reducing the deficit — which is the gap between what the nation spends and what it takes in — in order to blunt Republican criticism.

Explainer: How cryptocurrencies work — and how they don't

For all the buzz around cryptocurrencies, relatively few are well versed in them. Here’s a look at what they are, how they work, and their pitfalls and potential.

Thousands may have student debt that should have been forgiven, report finds

A new federal report finds that record-keeping failures by the Education Department may have left thousands of Americans stuck with student debt that should have been forgiven.

Wegmans to eliminate plastic bags at all stores by the end of 2022

In an effort to be more environmentally friendly, the grocery store chain said it plans to incentivize its customers to bring their own reusable bags by charging 5 cents per paper bag that the store provides.

Deutsche Bank predicts US recession in 2023 due to Fed rate hikes

Deutsche Bank is the first major financial institution to predict a recession due to rising inflation and the Federal Reserve's hawkish plan to tame it.

Biden ‘has not ruled out’ canceling student loan debts, White House says

Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31