Apr 07 U.S.-China relationship on ‘more stable footing,’ Yellen says, but more improvement expected By Fatima Hussein, Ken Moritsugu, Associated Press U.S. Treasury Secretary Janet Yellen sent a message of mutual cooperation at a meeting Sunday with Chinese Premier Li Qiang, highlighting the improvement in relations since her visit to China last year while recognizing that major differences remain. Continue reading
Apr 06 Is the Fed going to cut interest rates? What was once a question of ‘when’ is now less certain By Christopher Rugaber, Associated Press When the Federal Reserve signaled last fall that it was likely done raising interest rates, many began wondering when it would start cutting rates. But with the U.S. economy showing surprising vigor, a different question has arisen: Will the central… Continue reading
Apr 06 Watch 8:16 Why more Americans are making hardship withdrawals from retirement accounts By Winston Wilde, Andrew Chambers For a growing number of Americans, retirement accounts are doing double duty as savings accounts for the future and emergency funds for the here and now. Vanguard Group says that 2023 saw early withdrawals from a record 3.6 percent of… Continue watching
Apr 06 China agrees to ‘intensive’ talks with U.S. on balancing economic growth, Yellen says By Fatima Hussein, Ken Moritsugu, Associated Press U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing's economic model and trade practices put American companies and workers at an unfair competitive disadvantage. Continue reading
Apr 05 Amid legal challenges, SEC pauses its climate disclosure rule By Suman Naishadham, Associated Press The U.S. Securities and Exchange Commission on Thursday said it would pause the implementation of its new climate disclosure rule while it defended the regulation in court. Continue reading
Apr 05 Watch 4:49 News Wrap: Rare East Coast earthquake rattles U.S. In our news wrap Friday, a relatively rare East Coast earthquake rattled much of the northeastern U.S., the economy is still churning out jobs in spite of expert predictions and the commander of Iran’s Revolutionary Guard vows retribution against Israel… Continue watching
Apr 05 Watch 7:43 Maryland Gov. Wes Moore on ‘remarkably complicated’ Baltimore bridge recovery and rebuilding By Geoff Bennett, Karina Cuevas President Biden visited the site of the collapsed Francis Scott Key Bridge in Baltimore this afternoon, getting a firsthand look at the clean-up and recovery efforts to reopen one of the nation’s key shipping hubs. Biden met with the families… Continue watching
Apr 05 Federal report finds 68,000 guns were illegally trafficked through unlicensed dealers over 5 years By Lindsay Whitehurst, Alanna Durkin Richer, Associated Press The report released Thursday was the first in-depth analysis of firearm trafficking investigations in more than 20 years. Continue reading
Apr 05 U.S. employers added 303,000 jobs in March in surprising show of economic strength By Paul Wiseman, Associated Press America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. Continue reading
Apr 04 EPA announces $20 billion in green bank grants for clean energy projects By Alexa St. John, Associated Press Clean energy projects like residential heat pumps, electric vehicle charging stations and community cooling centers aim to combat climate change. Continue reading