Inflation cools as grocery prices drop for 1st time since 2020After food prices spiked in 2022, there are signs your grocery bill might be dropping.
Unemployment remains low despite rising interest ratesDespite more Americans opting to return to the workforce, the U.S. unemployment rate is near historically low levels.
High rent prices are pushing young adults to take political actionYoung adults in Denver are getting involved in local politics to fight back against rising rent prices.
The California exodus: What does it mean?You've likely heard of the California exodus, but it may not mean what you think it does. We break down exactly what this means for the population.
How do we know if we're going through a recession?As debates swirl over whether the U.S. is headed for a recession, economists and everyday Americans look to multiple measurements to decide.
| Scripps News Staff and Emily Sen
Fed decides to increase interest rates despite bank runsThe Federal Reserve addressed recent bank runs in making its decision to raise interest rates.
Treasury Secretary Yellen expresses confidence in banking industryYellen reassured banking leaders, saying the Fed will continue to provide access to liquidity when it is needed.
Forget eggs; inflation is now hitting the breakfast cereal aisleAs egg prices finally start to fall, the price of breakfast cereal is soaring. What can you do if your family eats a lot of cereal?
Inflation cools in February, but food and shelter costs still highThe inflation rate continues to subside some, but the cost of food and shelter remains stubbornly high.
What is a bank run, and how did Silicon Valley Bank fail?Last week, Silicon Valley Bank failed, leaving customers in a tough spot as the government took over.
Biden reacts to bank failures: 'The banking system is safe'President Joe Biden attempted to calm fears of additional bank failures after the FDIC took control of two U.S. banks.
Unemployment rate increases as Fed continues to fight inflationThe unemployment rate remains relatively low, but the small bump could be a sign that high interest rates are slowing the economy.
| Justin Boggs and Bianca Facchinei
Biden’s 2024 budget includes increasing child tax creditPresident Joe Biden's proposed budget would heavily impact parents, but could also cause higher taxes for the wealthy.
Fed chair says interest rate hikes will continueFederal Reserve Chair Jerome Powell appeared before the Senate Banking, Housing and Urban Affairs Committee.
US chip makers must provide affordable child care options to get fundsThe Commerce Department will require semiconductor manufacturers to provide affordable child care to get federal subsidies under the CHIPS Act.
Lawmakers want to charge people more when they move to South CarolinaNew South Carolina residents could be subject to additional fees to register their vehicle and obtain a driver's license.
2023 US recession now expected to start later than predictedThe delay in the economists' expectations of when a downturn will begin follows a series of government reports that point to a robust economy.
Research says Federal Reserve rate hikes likely to cause recessionThe paper comes as more economists are saying that the Fed will have to continue to raise interest rates even more than previously forecasted.
An inflation gauge tracked by Fed accelerated in JanuaryData released Friday provided the latest sign that the economy remains gripped by high inflation despite the Fed's strenuous efforts to tame it.
Despite recent IRS improvements, filing taxes is still a hassleTax season is upon us, and through the years, some argue the complicated process is maintained that way on purpose.
What is the debt ceiling? How defaulting could affect AmericansIf Congress doesn't raise the debt ceiling, everyday Americans could see their jobs or benefits affected.
President Biden's IRS appointee faces questions over increasing auditsOn Wednesday, President Joe Biden's appointee to lead the IRS, Daniel Werfel, addressed concerns over audits.
Rental car prices ease slightly, but still relatively highCar rental prices were still 36% higher in December compared to the same time in 2019.
Why personal savings have hit new lowsPeople only saved an average of 2.9% of their disposable income in Q4. Why?
IRS considering changing how tipped employees report tipsThe IRS proposal would create one voluntary compliance agreement: The Service Industry Tip Compliance Agreement. Here's what's in it:
President Biden's State of the Union highlights economic promisesThe economy is one of the key topics President Joe Biden will touch on Tuesday during his State of the Union address.
Biden, McCarthy meet face-to-face on debt crisis worriesMcCarthy had all but invited himself to the White House to start the conversation before a summer debt deadline.
Fed lifts rate by quarter-point and signals more hikes aheadThe Fed's latest move will likely further raise both the costs of many consumer and business loans and the risk of a recession.
Why are retail thefts on the rise?It’s organized retail crime — where the thefts are planned, and part of organized rings.
Animal rescues see fewer adoptions, more surrenders due to inflationRising economic costs have made it difficult for pet owners to keep animals they adopted during the pandemic, and for rescues to pay for their care.
