Economy

Retail sales drop slightly in February after jump in January spending

By Anne D'Innocenzio, Associated Press

America's consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment.

Another strong jobs report raises more questions about inflation and interest rate hikes

By Geoff Bennett, Ryan Connelly Holmes

The U.S. economy created 311,000 jobs in February, more than expected, as the unemployment rate rose to 3.6 percent. But that came as the labor force participation rate improved and more than 400,000 workers jumped back into the workforce, something…

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WATCH: White House says the number of people with medical debt fell by 8.2 million

By Josh Boak, Associated Press

The number of people with medical debt on their credit reports fell by 8.2 million — or 17.9 percent — between 2020 and 2022, according to a report Tuesday from the U.S. Consumer Financial Protection Bureau.

WATCH: Biden envisions hundreds of thousands more jobs to rebuild U.S. pride

By Associated Press

President Joe Biden is offering a reassuring assessment of the nation's condition rather than rolling out flashy policy proposals as he delivers his second State of the Union address.

Biden’s State of the Union address to highlight efforts on economy

By Zeke Miller, Seung Min Kim, Associated Press

Biden’s remarks from the House rostrum will take place in a sharply different context from a year ago. Republicans now control the chamber, rendering it unlikely that any significant legislation reaches Biden’s desk.

WATCH: Biden and Harris make remarks on strong jobs report during visit to Philadelphia

By Will Weissert, Chris Megerian, Associated Press

President Joe Biden hasn't announced a reelection campaign, but some of the themes likely to be the centerpiece of that expected run should be on display Friday night when he addresses a national Democratic Party meeting.

WATCH: White House speaks on police reform, Biden’s meeting with McCarthy

By Associated Press

The White House is facing fresh pressure to advance the issue of police reform as Vice President Kamala Harris was called to the pulpit at the funeral for Tyre Nichols.

Stocks rise on Wall Street following signs of easing inflation

By Stan Choe, Associated Press

Stocks are ticking higher on Wall Street Tuesday ahead of what many investors hope will be one of the Federal Reserve’s last economy-shaking hikes to interest rates for a while.

U.S. wage growth slowed in the last quarter of 2022

By Christopher Rugaber, Associated Press

Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022 which could help reassure the Federal Reserve that wage gains won't fuel higher inflation.