Oct 14 Watch 4:57 Economist breaks down new inflation report and what's driving prices higher By Amna Nawaz, Karina Cuevas, Geoff Bennett With the midterm elections just three weeks away, a new inflation report shows prices rising faster than expected, putting more pressure on Americans struggling with the cost of everyday essentials. To discuss what the latest numbers mean for Americans, Amna… Continue watching
Oct 14 The Social Security COLA for 2027 is set. Here's what experts say you need to know By Hannah Grabenstein This year's increase is 3.6%, based on inflation data, amounting to a little more than $900 next year. Continue reading
Oct 14 IMF chief urges wealthy nations to rein in debt to ease global economic pressure By Elaine Kurtenbach, Associated Press The U.S. and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund said Wednesday. Continue reading
Oct 14 U.S. hits Bank of America with $1.2 billion fine, saying it violated money laundering and sanctions laws By Paul Wiseman, Farnoush Amiri, Associated Press The fines on America’s second-biggest bank amount to the third-largest in the department’s history. Continue reading
Oct 14 Inflation worsened last month to 3.7% as midterm elections near By Christopher Rugaber, Associated Press Gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections that have focused heavily on issues related to affordability. Continue reading
Oct 13 Trump's diesel deal with Putin draws bipartisan criticism from a frustrated Congress By Lisa Mascaro, Associated Press The deal is being criticized by both Republicans and Democrats as fueling Russia's war against Ukraine, violating existing U.S. laws and drawing the U.S. closer to Russia. Continue reading
Oct 13 Republicans face midterm backlash from factory workers over Trump's tariffs By Bernard Condon, Associated Press President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised. Continue reading
Oct 12 WATCH: 2 American economists win Nobel for studying how to deal with economic shocks By Kostya Manenkov, Stefanie Dazio, Paul Wiseman, Associated Press American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation. Continue reading
Oct 09 Watch 5:58 News Wrap: Trump announces diesel deal with Russia In our news wrap Friday, Trump says he struck a deal with Russia for millions of tons of diesel in a bid to lower U.S. energy prices, Katie Zacharia will replace Karoline Leavitt as White House press secretary, the Pentagon’s… Continue watching
Oct 09 Trump strikes deal with Putin for Russian diesel in sharp reversal of U.S. policy ahead of midterms By Michelle L. Price, Collin Binkley, Associated Press President Donald Trump said he has struck a deal to obtain diesel from Russia, a stunning reversal of years of U.S. pressure on Moscow over its war with Ukraine and an attempt to address high fuel prices ahead of the… Continue reading