Jul 11 3 ways Trump disagrees with Fed chair Powell on the economy By Gretchen Frazee From trade tensions to the unemployment rate, Powell’s comments to lawmakers on Capitol Hill this week stood in contrast to the statements Trump has repeatedly made about the economy. Continue reading
Jul 11 U.S. budget deficit jumps 23 percent this fiscal year By Martin Crutsinger, Associated Press The surge in deficits reflects a variety of factors including a $1.5 trillion tax cut President Donald Trump pushed through Congress in late 2017 and billions of dollars in extra spending Congress approved in early 2018. Continue reading
Jul 11 WATCH: Powell says Fed prepared to keep economy in a 'very good place' By Martin Crutsinger, Associated Press Federal Reserve Chairman Jerome Powell's comments before the Senate Banking Committee strengthened the message he had sent to a House panel on Wednesday that the central bank is prepared to cut interest rates to support economic growth. Continue reading
Jul 10 The end of an era for the VW Beetle has special meaning for this one Mexican city By Michael Krumholtz, Associated Press For Mexico, the halt to Beetle production marks an end of an era. The VW factory in Puebla, southeast of the capital, had long been the only plant in the world still manufacturing classic Beetles and more recently became the… Continue reading
Jul 10 What you need to know about Social Security's ex-spousal benefits By Philip Moeller Navigating Social Security and Medicare can be difficult. Columnist Philip Moeller is here to help answer your questions. Continue reading
Jul 10 WATCH: Fed chair Jerome Powell says rate cut likely coming soon By Martin Crutsinger, Associated Press The chairman's remarks led investors to send stock prices up, bond yields down and the value of the U.S. dollar lower on expectations of lower interest rates. The S&P 500 index briefly traded over 3,000 for the first time. Continue reading
Jul 09 Volkswagen to stop making the Beetle after 81 years By David McHugh, Associated Press Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico. Continue reading
Jul 08 Watch 3:58 In Boston, a housing innovation that connects the generations By Stephanie Leydon, WGBH Although cities across the country are struggling with a shortage of housing, especially at a manageable cost, there are millions of bedrooms going unused. Now, technology is enabling homeowners with rooms to spare to connect with renters who can’t afford… Continue watching
Jul 08 Hiking minimum wage to $15 would boost millions, government report says By Associated Press The nonpartisan Congressional Budget Office also said Monday some 1.3 million workers could lose their jobs with the higher wage. Continue reading
Jul 08 Tariffs could cause a Bible shortage, publishers say By Travis Loller, Associated Press Millions of Bibles — some estimates put it at 150 million or more — are printed in China each year. Continue reading