Jun 10 Inflation, pandemic has small businesses on edge this summer By Mae Anderson, Associated Press Consumers likely have a lot of pent-up demand after more than two years of the pandemic. But they’re also facing some significant financial headwinds because of the highest inflation in decades. And COVID-19 remains a looming presence. Continue reading
Jun 10 WATCH: Biden vows to battle inflation as prices continue climbing By Chris Megerian, Josh Boak, Associated Press In President Joe Biden's estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration. Continue reading
Jun 10 Cost of necessities rose in May, leaving U.S. with new 40-year high in inflation By Christopher Rugaber, Associated Press The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Continue reading
Jun 07 Watch 4:57 News Wrap: Treasury Secretary Janet Yellen says inflation will remain high In our news wrap Tuesday, Treasury Secretary Janet Yellen told the Senate Finance Committee inflation will remain high, the Department of Homeland Security warns of potential new threats from domestic extremists, the World Bank lowered its economic outlook, Russia says… Continue watching
Jun 07 WATCH: Treasury Secretary Yellen testifies on President Biden’s budget in Senate hearing By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell "could have used a better word" than transitory when describing the expected run of inflation in the U.S. economy. Continue reading
Jun 04 Watch 6:24 Americans struggle with the high cost of living amid record inflation By Winston Wilde It's clear that the realities many Americans face are vastly different from some of the economic indicators on paper. The burden of record-high inflation has continued to push the limits for people across the country. We hear from people who… Continue watching
Jun 03 Watch 5:07 New Wrap: Federal grand jury indicts Trump adviser Peter Navarro for contempt of Congress In our news wrap Friday, a federal grand jury indicted former Trump adviser Peter Navarro for contempt of Congress, the school police commander in Uvalde, Texas, reportedly did not have a radio following the mass shooting, a congressional committee will… Continue watching
Jun 03 Watch 5:58 What the May jobs report says about the nation’s economic outlook The May jobs reports showed U.S. employment is still going strong despite higher prices and interest rates. Employers added a net 390,000 jobs last month as the unemployment rate remained steady at 3.6 percent. Betsey Stevenson, a public policy and… Continue watching
May 31 Watch 3:56 News Wrap: Funerals begin in Uvalde one week after school massacre In our news wrap Tuesday, funerals have begun in Uvalde, Texas, one week after a gunman killed 19 children and two teachers at an elementary school. Two 10-year-old victims were remembered in the first of 11 services this week. Also,… Continue watching
May 31 Watch 6:43 Biden meets with Fed chair in push to address record inflation President Biden called in the head of the Federal Reserve Tuesday to talk about the worst inflation in 40 years. But he pledged to respect the central bank's independence. The president met with Jerome Powell, who recently won senate confirmation… Continue watching