Biden announces new White House council to strengthen the supply chainPresident Biden cautioned companies against price gouging, emphasizing his administration's efforts to reduce costs for American families.
| Haley Bull and Scripps News Staff
Many to see double Social Security payouts in DecemberThe agency's schedule has budgeted for two checks to be sent out in the same month periodically, and in December recipients will get an extra one.
Demand for food assistance on the rise ahead of holidaysRoughly 44 million Americans are food insecure, meaning they don't have access or the means to get adequate nutritious food.
Which way is the US economy going?If you're hearing good news about the economy but you still have your doubts, you're definitely not alone.
Biden Administration touts economic progress as APEC wraps upPresident Joe Biden reaffirmed the U.S. commitment to Asia-Pacific economic development Friday, as the week's conference concluded.
Biden tells Asia-Pacific leaders the US wants trade and partnershipPresident Biden pitched regional leaders and tech CEOs on American leadership and business opportunities.
Stimulus programs staved off income inequality in 2020, report findsIncome inequality reached a four-decade high in 2020, but pandemic stimulus programs helped poorer Americans from feeling the brunt of this.
Falling energy prices fuel drop in annual inflation rateInflation fell significantly in October thanks to lower energy costs, but Americans' ability to keep up with inflation remains a challenge.
2023 holiday sales to usher in 'new dynamics,' retail group saysThe National Retail Federation said recent holiday shopping seasons have been filled with "peculiarities," and this season will have its own new set.
Las Vegas Sphere CFO quits after projected $98.4 million lossIt's at least the third high-profile exit by an executive for one of the most highly marketed new attractions in the city of entertainment and games.
Wall Street sees slight rise amid dayslong wins as oil drops againAnalysts say a drop in oil prices could take the pressure off amid an economy dealing with inflation, and could keep interest rates steady.
UPS needs to hire 60,000 workers at its 'Brown Friday' hiring eventThe company said it will try to hire thousands of the 100,000 it needs to satisfy seasonal demand for its business.
Americans living paycheck to paycheck unchanged from a year agoInflation has dropped in the last year, but there are more Americans struggling to pay bills than a year ago.
Restaurants weigh price increases after California raises minimum wageChipotle's CFO said, "We are definitely going to pass this on" as the minimum wage for workers will increase by more than $4 an hour.
Federal Reserve decides not to increase interest ratesThe cost of borrowing has not been this high in decades, but the Federal Reserve says high interest rates help lower inflation.
New York announces largest-ever US state renewable energy investmentThe governor said this week it will be the largest state investment in renewable energy in U.S. history.
Student debt activists buy off millions in loans, then cancel themA collective requested permission to release the debt, which reportedly eliminated balances on at least 2,777 accounts.
Inflation is still too high, Fed's Jerome Powell saysWhile inflation slowed compared to a year ago, the economy is growing faster than the Fed anticipated, Powell said at a luncheon Thursday.
High inflation persists with shelter costs continuing to skyrocketThe top measure for consumer inflation remained steady in September as employers are continuing to pay workers at much higher rates.
Social Security Admin. announces cost-of-living increase for 2024Nearly 71 million Americans will get an increase in their Social Security benefits in 2024 to keep up with inflation. Here's how much it will be.
FTC proposes ban on junk fees to put end to hidden chargesThe proposal would require businesses to disclose all mandatory fees in the upfront price that's offered to consumers.
Social Security cost-of-living adjustment announcement coming soonIn 2023, retirees saw an 8.7% increase in their monthly checks — about $144 on average. But hikes for 2024 likely won't be as high.
US employers increase hiring even with high interest ratesThe U.S. added 336,000 workers in September and maintained an unemployment rate below 4% for 21 straight months.
| Justin Boggs and Mary Chao and Dan Grossman
Are government shutdowns the new normal?According to a recent Pew Research survey, 62% of Democrats and 63% of Republicans said lawmakers' inability to work together is a very big problem.
Latinos keeping US economy stocked with workers, report findsAs more non-Latino workers are leaving the workforce, Latinos continue to stay working as their contribution to the economy grows.
Trump says he advocated for autoworkers, union leaders disagreeUnion leadership cite unfavorable rulings from the nation’s top labor board and the Supreme Court under Trump, as well as unfulfilled promises.
Global oil prices could influence Central Bank's interest rate callsThe Federal Reserve left its key interest rate unchanged Wednesday, and one factor influencing that decision is the global price of oil.
Fed leaves rates unchanged as it eyes potential 'soft landing'Officials at the Federal Reserve appear optimistic they can continue to curb inflation without plunging the economy into a recession.
United Auto Workers threaten to expand strike by FridayUAW says unless there's major progress on contract negotiations by Friday, more plants will join the strike, now in its fifth day.
US national debt surpasses $33 trillion for first timeThe grim milestone comes as Congress debates a new spending plan to avert the looming government shutdown.
UAW and carmakers continue talks with no sign of end to strikeThe UAW strike entered its fourth day on Monday. Stellantis called the talks "constructive," but there's no sign of an immediate deal.
US median household income falls for third straight yearMedian family income dropped by 2.3% from 2021 to 2022, marking the largest national decrease since 2010.
Hear from the picket lines as US auto workers go on strikeThe strike at assembly plants in Michigan, Ohio and Missouri will likely chart the future of the union and of America’s homegrown auto industry.
Ahead of possible UAW strike: Strategy plays key roleHow strikes have played out in the past could play a key role in strike strategy during UAW's negotiations.
