Economy

Filter

AP Explainer: What’s behind the looming Hollywood strike?

By Lindsey Bahr, Associated Press

The IATSE says its members are subjected to excessive working hours, unlivable wages for the lowest paid crafts and failure to provide reasonable rest, including meal breaks and time off between marathon working days and weekend work.

Default crisis dodged — for now — with Dem-GOP debt accord

By Lisa Mascaro, Kevin Freking, Josh Boak, Associated Press

Senate leaders have announced an agreement to extend the government's borrowing authority into December, temporarily averting an unprecedented default that experts say would have decimated the economy.

Congress foresees short-term debt fix amid perilous standoff

By Kevin Freking, Josh Boak, Associated Press

Democrats are signaling they are receptive to an offer from Republican leader Mitch McConnell that would allow for an emergency debt limit extension into December.

WATCH: Officials give update on California oil spill

By Associated Press

Some of the crude oil that spilled from a pipeline into the waters off Southern California has been breaking up naturally in ocean currents, a Coast Guard official said Wednesday as authorities sought to determine the scope of the damage.

McConnell offers Dems short-term debt fix amid standoff

By Lisa Mascaro, Associated Press

The Senate has gone into recess so lawmakers can discuss the proposal, delaying a procedural vote on a House-passed bill to suspend the debt cap.

Los Angeles approves one of the strictest U.S. vaccination mandates

By Christopher Weber, Associated Press

Los Angeles leaders have voted to enact one of the nation's strictest vaccine mandates. The sweeping measure requires the shots for everyone entering bars, restaurants, nail salons, gyms and even a Lakers game.

Boris Johnson brushes off UK woes, vows to transform economy

By Jill Lawless, Associated Press

Empty gas pumps, worker shortages and unavailable items on store shelves. None of that got a mention from Johnson as he brushed off Britain's economic bumps and said the country would emerge as a stronger, more dynamic nation.

WATCH: Manchin urges Senate leaders to ‘engage’ on debt

By Associated Press

Sen. Joe Manchin, who had said in recent weeks that he's opposed to eliminating the filibuster told reporters, he has been "very, very clear" where he stands on the procedure. "Nothing changes," he said.

WATCH: Biden enlists CEOs to warn of default if federal debt limit is not raised

By Lisa Mascaro, Kevin Freking, Josh Boak, Associated Press

Biden hosted business leaders at the White House on Wednesday and is warning that failure to extend the government's borrowing authority could set off a global financial crisis.

California oil spill renews calls to ban offshore drilling

By Kathleen Ronayne, Matthew Daly, Associated Press

Oil spilling into federal waters off California's coast has prompted fresh calls for an end to offshore oil drilling in state and federal waters. But that's easier said than done.