Nov 25 Who's a hero? Some states, cities still debating hazard pay By Susan Haigh, Associated Press While many workers deemed essential in their respective states have already received pandemic hazard pay or hero pay, there are thousands more still waiting for the same financial pat-on-the-back. Continue reading
Nov 24 South Dakota Supreme Court rules against pot legalization By Stephen Groves, Associated Press Gov. Kristi Noem opposed marijuana legalization as a social ill, but her administration argued in court that the amendment would have broken technical rules of the state constitution. Continue reading
Nov 24 U.S. unemployment claims fall to 52-year low after seasonal adjustments By Paul Wiseman, Associated Press Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. But seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000. Continue reading
Nov 23 Watch 8:42 How tapping strategic oil reserve will affect U.S. gas prices, OPEC+ By William Brangham, Harry Zahn President Joe Biden is tapping an emergency stockpile of oil to stem a rising tide of energy prices. His order Tuesday draws 50 million barrels of crude oil from the nation's Strategic Petroleum Reserve. William Brangham begins the report, and… Continue watching
Nov 23 U.S. sues to halt sugar merger, says it would harm competition By Michael Balsamo, Associated Press The Justice Department has filed a lawsuit seeking to block a major U.S. sugar manufacturer from acquiring its rival. The department contends that the deal would harm competition and consumers. Continue reading
Nov 23 WATCH: Biden gives remarks on the economy, inflation ahead of Thanksgiving By Josh Boak, Colleen Long, Associated Press President Joe Biden is ordering 50 million barrels of oil released from America's strategic reserve to help bring down energy costs. Continue reading
Nov 23 U.S. to release 50 million barrels of oil from reserve to alleviate energy costs By Josh Boak, Colleen Long, Associated Press The move is aimed at global energy markets, but also aimed at voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel. Continue reading
Nov 22 Watch 6:30 A second Powell term will make economy run 'hotter,' expert says. Here's what that means President Joe Biden nominated Jay Powell for a second term as Federal Reserve chairman Monday. While U.S. job growth has been better than expected, inflation is at its highest in decades. Both are concerns Powell, and Lael Brainard as vice… Continue watching
Nov 22 No turkey shortage for Thanksgiving, but higher prices expected By Dee-Ann Durbin, Associated Press The American Farm Bureau estimates a Thanksgiving feast for 10 will cost $53.31 this year, up 14% from a year ago. Butterball CEO Jay Jandrain says labor, transportation and feed costs all soared this year and remain elevated. Continue reading
Nov 22 WATCH: Biden to re-nominate Powell as Fed chair, Brainard gets vice chair By Christopher Rugaber, Associated Press President Joe Biden announced he's nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the… Continue reading