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
May 31 Japan enacts a $21 billion extra budget to tackle rising prices By Associated Press Japan’s parliament has enacted a $21 billion extra budget to tackle soaring fuel and food prices following Russia's invasion of Ukraine. Continue reading
May 31 WATCH: Biden meets with Federal Reserve Chair Powell amid inflation worries By Josh Boak, Christopher Rugaber, Zeke Miller, Associated Press Biden hoped the meeting on Tuesday would demonstrate his concern to voters, though he insisted anew the White House will not interfere with the independent central bank's work. Continue reading
May 27 Key measure of inflation slows for the first time in months, offering hope that high prices may start to fall By Christopher Rugaber, Associated Press While high inflation is still causing hardships for millions of households, any slowing of price increases, if it can be sustained, will provide some modest relief. Continue reading
May 25 Fed officials signal rates may head to 'restrictive' levels to stabilize economy By Christopher Rugaber, Associated Press Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high. Continue reading
May 23 Biden launches new trade deal with Indo-Pacific nations, warns long 'haul' for inflation recovery By Josh Boak, Aamer Madhani, Associated Press President Joe Biden has launched a new trade deal with 12 Indo-Pacific nations aimed at strengthening their economies as he warns Americans worried about high inflation that it is "going to be a haul" before they feel relief. Continue reading