Sep 13 U.S. inflation ticks down slightly, but stays stubbornly high By Christopher Rugaber, Associated Press Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households. Continue reading
Aug 26 Inflation eased in July as consumer prices and income rose By Paul Wiseman, Associated Press Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve. Continue reading
Jul 29 Watch 5:46 News Wrap: Stifling heat persists across Pacific Northwest In our new wrap Friday, extreme heat in the Pacific Northwest kept temperatures at or above 100 degrees again with extreme condition expected through the weekend, another major inflation gauge is pointing to price hikes for some time to come,… Continue watching
Jul 22 WATCH: Biden touts falling gas prices during virtual meeting By Associated Press President Joe Biden said prices at the pump have "fallen every day this summer for 38 days in a row."… Continue reading
Jul 04 Watch 9:16 High gas prices and canceled flights create holiday headaches for Americans After holding off for part of the pandemic, Americans are traveling in big numbers this summer, but it’s turning out to be much more difficult than many expected, whether you’re flying or driving. We asked people to share their experiences… Continue watching
Jul 01 Watch 3:52 Supply chain issues put a damper on July 4 fireworks By Stephanie Sy, Layla Quran Problems with the global supply chain have impacted nearly every sector of the economy. Now Americans preparing to celebrate Independence Day may find increased prices on the fireworks aisle, or their cities canceling fireworks displays altogether. Stephanie Sy has the… Continue watching
Jun 30 From the stock market to crypto, a punishing six months for investors By Alex Veiga, Stan Choe, Associated Press It's the worst start to a year for stocks in decades. Bonds are on pace for one of their worst performances in history, and cryptocurrencies have tumbled after soaring last year. Continue reading
Jun 23 WATCH: White House press secretary Karine Jean-Pierre holds briefing as administration works to lower gas prices By Matthew Daly, Associated Press An oil industry meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough, administration and industry officials said Thursday. Continue reading
Jun 22 Watch 5:52 Biden asks Congress to suspend the federal gas tax to curb rising prices President Biden is calling on Congress to temporarily suspend the federal gas tax. The president told reporters at an event Wednesday that he knows the proposal isn’t a permanent solution to rising prices at the pump. White House correspondent Laura… Continue watching
Jun 22 How Biden's proposed gas tax holiday could alleviate pressure at the pump By Matthew Daly, Associated Press Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months. Continue reading