Feb 11 Federal deficits and debt will worsen over next decade, Congressional Budget Office finds By Fatima Hussein, Associated Press Congressional Budget Office projections also indicate that inflation doesn't hit the Federal Reserve’s 2% target rate until 2030. Continue reading
Feb 11 130,000 jobs added in January while labor revisions cut hundreds of thousands last year By Paul Wiseman, Associated Press The job market has been sluggish for months even though the economy is registering solid growth. Continue reading
Feb 10 Retail sales flat in December from November, closing out year on a lackluster tone By Anne D'Innocenzio, Associated Press The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth despite mounting concerns about a slowing job growth, uncertainty about President Donald Trump's tariffs and other economic headwinds. Continue reading
Feb 06 Bitcoin price drops below pre-Trump second term levels, now hovering below $67,000 By Associated Press The sell-off is driven by investors pulling out of speculative assets and concerns about future cryptocurrency regulation. Continue reading
Feb 05 AI, weight-loss drugs and celebrities galore. Here's what to expect from this year's Super Bowl commercials By Mae Anderson, Associated Press Each year Super Bowl ads offer a snapshot of the American mood — as well as which industries are flush with cash. Continue reading
Feb 05 Watch 10:51 How 'zombie mortgages' are coming back to haunt homeowners years later By Paul Solman, Diane Lincoln Estes They’re called “zombie mortgages” — debts that homeowners thought were forgiven long ago, only to learn that they still exist and could cost them their homes. Economics correspondent Paul Solman and producer Diane Lincoln Estes report on these back-from-the-dead debts,… Continue watching
Feb 05 WATCH: Bessent tells Senate panel it would be president's choice of whether to sue fed chair over interest rates By Fatima Hussein, Christopher Rugaber, Associated Press Treasury Secretary Scott Bessent said Thursday it would be “up to the president” to decide whether or not to sue Kevin Warsh, Donald Trump's nominee to lead the Federal Reserve, if he fails to lower interest rates. Continue reading
Feb 04 Major changes to student loan borrowing and repayment are coming. Here's what to know By Hannah Grabenstein “If you don’t understand it, that’s not your fault. It’s just phenomenally complicated,” says Winston Berkman-Breen, legal director at Protect Borrowers. Continue reading
Feb 04 WATCH: Treasury Secretary Bessent testifies on U.S. financial stability in House hearing By Fatima Hussein, Associated Press A hearing about oversight of the U.S. financial system devolved into insults several times Wednesday as Treasury Secretary Scott Bessent clashed with Democratic lawmakers over fiscal policy, the business dealings of the Trump family and other issues. Continue reading
Feb 04 WATCH: Vance says U.S. wants to create critical minerals trading bloc to counter China By Didi Tang, Josh Funk, Matthew Lee, Associated Press Vice President JD Vance said Wednesday that the trade war over the past year exposed how dependent most countries are on the critical minerals that China has a stranglehold on. Continue reading