Jul 16 What happened when some GOP-led states cut the $300 unemployment benefit By Courtney Vinopal Across the country, Americans who recently lost the extra $300 a week in unemployment benefits are weighing tough choices about returning to work. Continue reading
Jul 16 Greenland suspends oil exploration because of climate change By Associated Press The left-leaning government of Greenland has decided to suspend all oil exploration off the world's largest island, calling it is "a natural step" because the Arctic government "takes the climate crisis seriously."… Continue reading
Jul 15 Watch 10:40 Child tax credit should boost working families, Treasury Secretary Yellen says Critics say monthly child tax credit payments, now available for more than 35 million American families, could discourage people from working, but Treasury Secretary Janet Yellen disagrees. The credit can help parents play for childcare to enable them to work,… Continue watching
Jul 15 Johnson & Johnson recalling sunscreens due to benzene traces By Linda A. Johnson, Associated Press J&J said it's unlikely users would be harmed. The recall includes all can sizes and all levels of SPF, or sun protection factor. Consumers can contact the company for a refund. Continue reading
Jul 15 State Department offering rewards up to $10 million to curb ransomware By Frank Bajak, Associated Press The rewards are for information leading to the identification of anyone engaged in foreign state-sanctioned malicious cyber activity, including ransomware attacks, against critical U.S. infrastructure. Continue reading
Jul 14 Watch 6:30 Supply 'bottlenecks' are driving a consumer price surge. Here's how that affects inflation The Consumer Price Index rose 5.4% last month compared to a year ago — the biggest monthly jump since 2008. During testimony on Capitol Hill Wednesday, Federal Reserve Chairman Jerome Powell gave his assessment about the price surge and risks… Continue watching
Jul 14 WATCH: Fed Chair Powell says inflation, though elevated, will likely moderate By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months" before “moderating."… Continue reading
Jul 13 UK lawmakers vote to back contentious foreign aid cut By Jill Lawless, Associated Press British lawmakers have voted to support a contentious cut to the U.K.'s foreign aid budget. Aid groups say the decision has slashed billions from programs that help some of the world's poorest people. Continue reading
Jul 13 Bipartisan infrastructure deal stalls as bigger plan gains By Lisa Mascaro, Kevin Freking, Associated Press A $1 trillion bipartisan infrastructure deal senators struck with President Joe Biden is at risk of stalling out. Republicans are mounting stiff resistance over ways to pay for it. Instead, momentum is shifting to a much more robust Democratic proposal… Continue reading
Jul 13 U.S. consumer prices surge in June by the most since 2008 By Christopher Rugaber, Associated Press American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply. Continue reading