This state now has the most expensive US gas, and it's not CaliforniaCalifornia has been a well-known leader in high gas prices in the U.S. in recent months, but that has changed as the summer arrives.
Philadelphia bridge collapse likely to have broader economic impactsOne week after the deadly bridge collapse in Philadelphia, the economic impacts of a major interstate bridge collapsing are becoming apparent.
Fed pauses interest rate hikes for the first time in 15 monthsHowever, Federal Reserve Chair Jerome Powell signaled that rates could still go higher this year.
President Biden hosts UK PM for talks on economy, Ukraine and AIPresident Biden and UK Prime Minister Rishi Sunak focused their meeting on economic and defense issues.
| Haley Bull and Kellan Howell
Biden signs debt ceiling bill to avoid government defaultThe 99-page bill reins in spending for the next two years and suspends the debt limit until January 2025.
'Crisis averted': Biden to sign debt ceiling bill to avert defaultThe 99-page bill reins in spending for the next two years and suspends the debt limit until January 2025.
More Dollar General customers relying on food banks, CEO saysInflation, reduced child tax credit and SNAP reductions are combining to force Dollar General customers to utilize food banks, its CEO told investors.
How Biden and McCarthy struck a debt-limit dealIt was crucial for President Joe Biden and House Speaker Kevin McCarthy's negotiators to work out an agreement to avoid a default.
Are retailers signaling a pending recession?Target, Costco and Macy's say consumers are changing their buying habits, which could be an early sign of a recession.
House passes debt ceiling bill to avoid default, sends deal to SenateThe bill as passed suspends the debt limit through 2025 and puts caps on annual federal spending for two years.
| Nathaniel Reed and Scripps News Staff and Haley Bull
Here's how you can help pay off the national debtThe federal government set up a fund in 1961 to allow patriotic Americans the opportunity to help pay off the nation's debt.
Biden and McCarthy's debt limit deal faces first critical testThe House is likely to vote on the deal Wednesday, after which the deal will proceed to the Senate, where its future is uncertain.
Biden says debt ceiling deal is "very close" as negotiations progressTreasury Secretary Janet Yellen has moved an anticipated deadline for government payments to June 5.
Home buying costs could soar if the US defaultsAs debt ceiling negotiations drag on, experts advise consumers to prepare for the worst by tightening budgets and reducing debt.
| Cat Sandoval and Mimi Mees
McCarthy: Debt negotiators aim to finalize deal at White HouseSpeaker Kevin McCarthy's message on the debt limit deal remained clear: The U.S. needs to spend less than it did last year.
Biden, McCarthy to meet Monday for debt ceiling talksSpeaker McCarthy and President Biden spoke by phone Sunday. McCarthy said the call was "productive."
Where both sides of the aisle stand on unemployment, debt debateWhite House Deputy Press Secretary Emilie Simons tells Scripps News where the Biden administration stands on unemployment and debt talks.
| Alex Arger and Kellan Howell
Social Security's cost-of-living adjustments not enough, report findsAccording to a new report, people who retired before 2000 have lost 36% of their buying power despite annual cost-of-living adjustments.
US inflation rate below 5% for first time in 2 yearsThe inflation rate is still higher than officials want but has gradually declined since June 2022.
Report finds connection between fast food work and homelessnessA report found that 1 in 17 homeless people in California work in fast food. Others working in fast food are struggling with rent.
| Jae C. Hong/AP
Fed raises interest rate again after another bank failureInterest rates went up again Wednesday, but economists are warning that as rates go up, banks' vulnerability also increases.
| Scripps News Staff and Haley Bull
Biden tries to reassure US after latest bank collapse, as stocks fallPresident Joe Biden tried to reassure depositors and encouraged more oversight after First Republic's collapse. Investors prepare for more failures.
Treasury Secretary Yellen moves up debt ceiling deadline to early JuneThe IRS brought in less taxes than expected this year, and the Treasury says it may run out of funds as early as June 1.
Congress eyes work rules for millions covered by MedicaidA proposal by the GOP might save taxpayers money but cost some Americans access to health care coverage.
Should you be worrying about the US debt limit right now?Concern over a possible default is expected to intensify in the coming weeks as Congress debates raising the U.S. debt ceiling.
Biden gets support in his push for more Head Start fundingPresident Biden's 2024 budget would boost Head Start funding to $13 billion.
High-speed train from California to Las Vegas gains more supportThe latest push for a high-speed rail line connecting Las Vegas and L.A. has bipartisan support. Nevada officials have requested billions to fund it.
Labor secretary nominee Julie Su on a tough path to confirmationPresident Biden has nominated Julie Su to be secretary of labor. She faces tough questions about her track record.
As deadline looms, McCarthy pushes spending cuts to avoid US defaultMcCarthy's plan would raise the debt ceiling for one year, in exchange for cuts to federal programs and a cap on future government spending levels.
Fed economists project 'mild' recession later this yearThe central bank noted that recent developments in the banking sector will likely weigh negatively on economic activity, hiring, and inflation.
