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Paul Wiseman, Associated Press

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Paul’s Recent Stories

Economy Oct 02

Shutdowns usually don’t do much economic damage, but there are reasons to worry this time

Trump's massive layoff threat and the precarious state of the American economy raise the odds of longer-lasting damage.

Nation Oct 02

Vital economic data, including Friday’s jobs report, cut off in government shutdown

The government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy.

Economy Sep 30

U.S. job openings in August were essentially unchanged amid economic uncertainty

Job openings remain at healthy levels but have fallen steadily since peaking at a record 12.1 million in March 2022 as the U.S. economy roared back from COVID-19 lockdowns.

Nation Sep 29

Trump takes tariff war to the movies by announcing 100% tax on foreign-made films

Claiming that movie production “has been stolen’’ from Hollywood and the U.S., Trump posted said he would be imposed the 100% tariff on “any and all movies” made outside of the U.S.

Economy Sep 26

Fed’s favored inflation gauge accelerated slightly in August, report shows

The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February.

Economy Sep 09

U.S. job market much weaker in 2024 and this year than previously thought, new data shows

Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday.

Economy Sep 05

U.S. hiring stalls with just 22,000 jobs added in August

The unemployment rate ticked up to 4.3%, also worse than expected and the highest level since 2021.

Politics Sep 04

DOJ probing mortgage fraud claims against Fed governor Lisa Cook, AP source says

News of the investigation comes amid a high-stakes legal fight over President Donald Trump’s removal last month of Cook, an action she says is being undertaken so that he can seize control of the independent central bank.

Economy Aug 29

Appeals court finds Trump had no right to impose tariffs, but leaves them in place for now

The U.S. Court of Appeals for the Federal Circuit ruled Trump wasn’t legally allowed to declare national emergencies and impose import taxes on almost every country on earth, a ruling that largely upheld a May decision by a specialized federal…

Nation Aug 14

U.S. producer prices surge in July as Trump tariffs push costs higher

The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier.

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