economic downturn

Biden bets strong job market will shield economy from international slump

By Josh Boak, Associated Press

The Biden White House is betting the U.S. economy is strong enough to withstand the threats to growth posed by inflation and the war in Ukraine.

Federal Reserve expected to raise interest rates in fight against inflation

By Christopher Rugaber, Associated Press

With inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years.

WATCH: President Joe Biden remarks on the December jobs report

By Josh Boak, Associated Press

President Joe Biden On Friday touted the nation's "historic" unemployment numbers despite a mixed report on the U.S. jobs market.

WATCH: Biden speaks on supply chain issues, economic growth

By Associated Press

Biden said that retail inventories are up 3 percent from last year and on-shelf availability for products is at 91 percent, close to where it was before the pandemic.

U.S. jobless claims rise but still historically low at 206,000

By Paul Wiseman, Associated Press

The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year's coronavirus recession.

WATCH: Biden gives remarks on White House efforts to strengthen the nation’s supply chains

By Associated Press

U.S. President Joe Biden says the American economy and supply chains are heading into the holiday season in "very strong shape."…

States, cities running out of rental assistance funds

By Michael Casey, Associated Press

The Treasury Department says several states and cities have exhausted their federal rental assistance in a sign that spending on a program aimed at averting evictions has picked up speed.

U.S. wholesale inflation rose a record 8.6 percent over 12 months

By Martin Crutsinger, Associated Press

The jump in inflation this year reflects higher prices for food and energy and a number of other items from furniture to autos as the pandemic has snarled supply chains and demand has outstripped supply.

Americans quit their jobs at a record pace in August

By Christopher Rugaber, Associated Press

The Labor Department said that quits jumped to 4.3 million in August, the highest on records dating back to December 2000.

Default crisis dodged — for now — with Dem-GOP debt accord

By Lisa Mascaro, Kevin Freking, Josh Boak, Associated Press

Senate leaders have announced an agreement to extend the government's borrowing authority into December, temporarily averting an unprecedented default that experts say would have decimated the economy.