Apr 29 A key inflation gauge jumped 6.6 percent in March, possibly nearing a peak By Christopher Rugaber, Associated Press An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the… Continue reading
Apr 28 Watch 6:15 As the U.S. economy slows down, fears of a possible recession grow By Karina Cuevas The U.S. economy slowed down over the first three months of the year, the first time it has contracted since the pandemic brought it to a screeching halt. There have been other troubling signs, most notably inflation and concerns over… Continue watching
Apr 28 Top Democrats push for federal crackdown on price gouging By Matthew Daly, Kevin Freking, Associated Press Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging. Continue reading
Apr 17 Watch 5:45 How the White House is trying to fight inflation and what it means politically By Geoff Bennett, Tess Conciatori, Ian Couzens President Biden will travel to Portland and Seattle this week in his first visit to the Pacific Northwest as president. The White House says his visit will center on his efforts to address inflation as Americans see skyrocketing prices on… Continue watching
Apr 15 Watch 5:56 IRS struggles with a major backlog ahead of the tax deadline By John Yang, Courtney Norris As the deadline to file federal taxes approaches Monday in most states, questions remain for many about what to expect this tax season, and when to expect their refunds. The IRS is warning that refunds may be delayed for many… Continue watching
Apr 15 Watch 12:27 Brooks and Capehart on the global impact of war in Ukraine, historic inflation New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Judy Woodruff to discuss the week in politics, including President Biden's accusations that Russia committed genocide in Ukraine, rising prices in the U.S. continue to outflank… Continue watching
Apr 15 Biden nominates Michael Barr as Federal Reserve vice chair By Josh Boak, Paul Wiseman, Associated Press President Joe Biden says he plans to nominate Michael Barr to be the Federal Reserve's vice chairman of supervision. Continue reading
Apr 12 Watch 7:38 Inflation hits new historic high, painting a bleak economic picture Inflation numbers released Tuesday by the U.S. Labor Department show prices are up in nearly every consumer category, but especially energy costs. President Biden traveled to the midwest to explain how his administration is going to ease the pain at… Continue watching
Apr 12 U.S. inflation rises 8.5 percent, sharpest increase since 1981 By Paul Wiseman, Associated Press Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. Continue reading
Apr 06 Watch 3:34 U.S. lawmakers grill oil executives about sharp rise in gas prices By Amna Nawaz, Courtney Norris, Tommy Walters Since Russia’s invasion of Ukraine, fuel prices have shot up and stayed high. Lawmakers on Capitol Hill Wednesday were laying blame for rising gas prices on executives from BP, Chevron, Shell, ExxonMobil and others. Meanwhile, everyday Americans are feeling the… Continue watching