Economy

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Is the rise in U.S. corporate debt cause for concern?

By Daniel Bergstresser, Econofact

SEC chairman Jay Clayton said the U.S. corporate debt of almost $10 trillion, which equates to half of the nation's annual GDP, "should attract our attention."…

Share of uninsured Americans rises for 1st time in a decade

By Christopher Rugaber, Associated Press

An estimated 27.5 million people, 8.5% of the population, went without health insurance in 2018.

WATCH: Trump officials defend plan to end control of Fannie and Freddie

By Marcy Gordon, Associated Press

Treasury Secretary Steven Mnuchin and Housing and Urban Development Secretary Ben Carson testified before the Senate Banking Committee on the plan for returning Fannie and Freddie to private ownership.

How would Andrew Yang give Americans $1,000 per month? With this tax

By Dan Cooney

Andrew Yang plans to give every American adult $1,000 a month in universal basic income, as a way to offset job loss from automation. And, he wants to pay for it, in large part, with a value-added tax.

British Airways grounds nearly all flights as pilots strike

By Gregory Katz, Associated Press

British Airways said it stands ready to return to talks with the pilots' union, BALPA, and that it has offered affected customers full refunds or the option to rebook.

Why the Federal Reserve must remain above political influence

By Michael W. Klein

President Donald Trump on Friday again encouraged the Federal Reserve to cut interest rates.

U.S. adds 130,000 jobs in August amid trade war

By Christopher Rugaber, Associated Press

The Labor Department reported Friday that the unemployment rate remained 3.7%, near the lowest level in five decades.

The hotter the planet grows, the less children are learning

By Nsikan Akpan

Every 1-degree-Fahrenheit increase in average temperature reduces student learning by 1 percent, a study finds.

Federal Reserve survey says growth is steady despite Trump’s trade wars

By Christopher Rugaber, Associated Press

In the Fed's latest report on economic conditions nationwide, hiring increased modestly in most industries, though manufacturing employment declined in some areas.

New French tax turns Trump and tech giants into strange bedfellows

By Courtney Vinopal

What does French rosé have in common with American software? Both are wrapped up in a brewing trade scuffle between the U.S. and France, which has spawned an unlikely alliance between the Trump administration and major American tech giants.