Jul 01 Inflation hits record 8.6 percent for 19 countries using the euro By Kelvin Chan, Associated Press Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia's war in Ukraine. Continue reading
Jun 30 Inflation remains at 6.3 percent, Federal Reserve report shows By Paul Wiseman, Associated Press A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Continue reading
Jun 29 'No guarantee' Fed can tame inflation without hurting employment, Powell warns By Paul Wiseman, Associated Press Federal Reserve Chair Jerome Powell said there's "no guarantee" the central bank can tame runaway inflation without hurting the job market. Continue reading
Jun 27 Watch 4:10 News Wrap: Jan. 6 committee to hold surprise hearing with new evidence In our news wrap Monday, the Jan. 6 committee is calling a surprise hearing featuring newly collected evidence, the Supreme Court sided with a high school football coach in Washington state who lead prayers on the field, an Amtrak train… Continue watching
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 Watch 3:22 News Wrap: Fed Chair Powell defends aggressive rate hikes, admits recession is possible In our news wrap Wednesday, Federal Reserve Chair Jerome Powell pledged to raise interest rates enough to douse inflation without sparking a recession, Russian artillery battered Kharkiv in Ukraine's northeast, Sri Lanka's prime minister declared his nation’s economy is in… Continue watching
Jun 22 WATCH: President Joe Biden calls on Congress to pass 3-month gas tax suspension By Josh Boak, Associated Press President Joe Biden on Wednesday called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers. Continue reading
Jun 21 Watch 4:54 News Wrap: Georgia, Arkansas, Virginia and Alabama hold elections In our news wrap Tuesday, Multiple states are holding primary and runoff elections including Alabama, Georgia, Arkansas and Virginia. Also, U.S. Attorney General Merrick Garland met with Ukraine’s prosecutor general, historic monsoon floods submerged more of Bangladesh, floods in China… Continue watching
Jun 20 Watch 5:08 News Wrap: COVID vaccinations begin for children under age 5 In our news wrap Monday, children under the age of 5 began receiving COVID vaccines, President Biden considers a pause on the federal gas tax, militants killed at least 132 villagers in Mali, Israel is headed for a new election,… Continue watching
Jun 19 Watch 3:32 News Wrap: Ethnic mass killing in Ethiopia claims more than 200 lives In our news wrap Sunday, an ethnic mass killing in Ethiopia has claimed the lives of more than 200 Amhara people, Treasury Secretary Janet Yellen expects an economic slowdown but not necessarily a recession, voters in Colombia head to the… Continue watching