May 11 Watch 4:42 News Wrap: Sharp rise in inflation may have hit a peak, but remains near 40-year highs In our news wrap Wednesday, the Labor Department's April consumer price report shows a slight drop in inflation increases amid 40-year highs, Hong Kong police arrested a Catholic cardinal for endangering China's national security, the Great Barrier Reef suffered its… Continue watching
May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking By Christopher Rugaber, Associated Press Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Continue reading
May 10 Watch 5:29 News Wrap: Biden defends his economic policies amid rising inflation By PBS NewsHour In our news wrap Tuesday, President Biden defended his economic policies in the face of the worst inflation in 40 years and said his proposal for taxing billionaires could bring down rising costs. Also, Treasury Secretary Janet Yellen argued abortion… Continue watching
May 10 Baby formula shortage vexing parents, prompts White House response By Matthew Perrone, Heather Hollingsworth, Associated Press On Monday, White House press secretary Jen Psaki said the Food and Drug Administration was “working around the clock to address any possible shortages."… Continue reading
May 09 Watch 3:15 News Wrap: Ferdinand Marcos Jr. scores landslide victory in Philippines presidential race In our news wrap Monday, the son of one-time Philippines dictator Ferdinand Marcos scored a landslide victory in the country's presidential election, Sri Lanka's prime minister resigned after weeks of protests, the death toll continues rising in Havana, Cuba after… Continue watching
May 08 Watch 4:12 As pressure builds, Biden makes plans to cancel some student loan debt Canceling at least $10,000 of student loan debt per person was a campaign pledge that helped President Biden get elected. Now, the Biden administration is planning to move ahead on this through executive action. While the proposal is not finalized,… Continue watching
May 07 Watch 5:30 Inequality persists as the U.S. economy recovers from the pandemic The latest jobs report for April shows the U.S. capping a year of solid growth. Employers added 428,000 jobs and the unemployment rate remains steady at 3.6 percent, a pandemic-era low. But inequality continues as the economy recovers from the… Continue watching
May 06 Powerful blast at Havana hotel kills at least 22 By Andrea Rodriguez, Associated Press Dr. Julio Guerra Izquierdo, chief of hospital services at the Ministry of Health, told reporters that at least 74 people had been injured. Among them were 14 children. Continue reading
May 06 Watch 3:24 News Wrap: April jobs report shows hiring still strong despite inflation In our news wrap Friday, April's jobs report shows the U.S. gained 428,000 net jobs despite inflation, supply shortages and rising interest rates. Also, Republican Rep. Marjorie Taylor Greene will be allowed to seek reelection, the Irish nationalist party Sinn… Continue watching
May 06 Pelosi says U.S. House will set staff minimum annual pay at $45,000, By Kevin Freking, Associated Press Speaker Nancy Pelosi is addressing concerns about the working conditions for some Capitol Hill aides. She's announced a $45,000 minimum yearly salary for House staffers. Continue reading