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
Jun 19 Yellen says economy will slow but a recession is not 'inevitable' By Aamer Madhani, Associated Press Yellen offered a dose of optimism even as economists grow increasingly worried about a recession fueled by skyrocketing inflation and the Russian invasion of Ukraine. Continue reading
Jun 17 Watch 4:11 News Wrap: FDA authorizes first COVID-19 vaccines for children under age 5 In our news wrap Friday, the Food and Drug Administration authorized the first COVID-19 vaccines for children under age 5, the Federal Reserve doubled down on its pledge to curb soaring inflation, former Trump adviser Peter Navarro pleaded not guilty… Continue watching
Jun 16 President Biden says a recession is 'not inevitable' By Josh Boak, Associated Press President Joe Biden says the American people are "really, really down" after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are hitting family budgets. Continue reading
Jun 16 Analysis: What the Fed's largest interest rate hike in decades means for you By D. Brian Blank, The Conversation The Fed raised interest rates the most in nearly three decades to fight stubborn inflation. A finance expert explains what’s happening, the risks and what it means for consumers. Continue reading
Jun 16 Wall Street tumbles again after brief reprieve By Stan Choe, Associated Press Analysts had warned of more big swings given deep uncertainties about whether the Federal Reserve and other central banks can tiptoe the narrow path of hiking interest rates enough to slow high inflation but not so much that they cause… Continue reading
Jun 15 Watch 5:36 Federal Reserve implements highest interest rate hike in decades to combat inflation By Paul Solman, Courtney Norris, Tommy Walters The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome… Continue watching