Aug 19 The U.S. national debt now stands at $40 trillion By Fatima Hussein, Associated Press The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit to make up an enormous share of federal spending. Continue reading
Aug 19 FTC proposal would require retailers to be transparent about personalized pricing By Dee-Ann Durbin, Associated Press Companies that secretly vary prices based on how much they think individual customers will pay could face federal charges under a proposed policy released Wednesday by the Federal Trade Commission. Continue reading
Aug 19 'Many' Fed officials think higher rates will be needed if inflation stays high By Christopher Rugaber, Associated Press Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed. Continue reading
Aug 19 7 questions about the national debt hitting $40 trillion By Lisa Desjardins There is a lot to unpack about the national debt. Here's a starter guide to what's happening with the national debt right now. Continue reading
Aug 19 What to know about the fake election poll numbers shared and retracted by a mysterious company By Steve Peoples, Amelia Thomson-Deveaux, Ken Sweet, Associated Press Locked in a competitive reelection race, Los Angeles Mayor Karen Bass declared on social media last week that a new poll was evidence that her campaign was “gaining momentum.”… Continue reading
Aug 19 WATCH: Trump talks about North Korea, interest rates while hosting cryptocurrency leaders at the White House By Associated Press President Donald Trump held court on Wednesday with several cryptocurrency and finance leaders for an event on digital assets. Continue reading
Aug 19 An alarmed bond market gets the Trump administration to act again By Stan Choe, Christopher Rugaber, Associated Press Normally quiet, the bond market can occasionally send warning signals loud enough to hit stock markets worldwide and even grab the attention of U.S. presidents and other world leaders. Continue reading
Aug 18 Why Poorna Jagannathan values finding success later in life By Amna Nawaz Award-winning actress Poorna Jagannathan is known for her roles in the Netflix coming-of-age show “Never Have I Ever” and the Hulu comedy “Deli Boys.” In the latest episode of “Settle In,” she speaks to Amna Nawaz about her unexpected acting… Continue reading
Aug 17 Watch 5:33 National debt nears $40 trillion: How we got here and why it matters By Lisa Desjardins, Ali Schmitz The national debt is expected to hit a record high as soon as this week, crossing a major threshold of $40 trillion. Congressional correspondent Lisa Desjardins explains why that milestone is a warning sign for many economists. Continue watching
Aug 17 Watch 6:27 Instead of selling, business owner donates company to trust for charity By Liz Landers, Jackson Hudgins Last month, Eddie Smith, the owner of Grady-White Boats in Greenville, North Carolina, made waves when he announced that he was pledging nearly all his company's future profits to charity. Instead of selling Grady-White, Smith chose to gift it to… Continue watching