Feb 24 Watch 4:10 News Wrap: 54 dead as heavy rain devastates coastal areas in Brazil By PBS NewsHour In our news wrap Friday, the death toll from heavy rain in Brazil that devastated coastal areas has risen to 54, parts of California saw blizzard and flood warnings as a storm intensified across the western U.S., the Federal Reserve’s… Continue watching
Feb 24 Wall Street closes out on its worst week of the year By Stan Choe, Associated Press Stocks have dropped through February as reports on inflation, the job market and spending by shoppers have come in hotter than expected. Continue reading
Feb 24 Inflation gauge ticks up in January, Federal Reserve says By Paul Wiseman, Associated Press The report also showed that consumer spending rose 1.8% last month from December after falling the previous month. Continue reading
Feb 15 American consumers retail sales jump as Americans defy inflation and rate hikes By Christopher Rugaber, Associated Press America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy's resilience in the face of higher prices and multiple interest… Continue reading
Feb 14 Watch 4:54 News Wrap: Inflation eases in January compared to last year In our news wrap Tuesday, inflation at the consumer level eased in January from a year earlier, President Biden is naming two new economic policy advisers, U.S. senators got a classified briefing on the series of unidentified objects shot down… Continue watching
Feb 14 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. Continue reading
Feb 14 WATCH: Biden warns of crisis if the debt ceiling isn’t raised By Fatima Hussein, Chris Megerian, Associated Press President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn't reached to increase the federal debt ceiling. Continue reading
Feb 04 Ahead of State of the Union, Biden’s economic optimism not shared by GOP By Josh Boak, Associated Press President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible for inflation. Continue reading
Feb 01 Interest rate boosted again by quarter-point as Fed signals more hikes to combat inflation By Christopher Rugaber, Associated Press The central bank’s latest move put its benchmark short-term rate in a range of 4.5 percent to 4.75 percent, its highest level in about 15 years. Continue reading
Feb 01 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. Continue reading