Jan 24 WATCH: Biden gives remarks on efforts to lower prices for working families. By Associated Press President Joe Biden told members of his administration that the lack of competition in U.S. industries costs the median American family household up to $5,000 annually. Continue reading
Jan 24 Federal Reserve expected to raise interest rates in fight against inflation By Christopher Rugaber, Associated Press With inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years. Continue reading
Jan 19 WATCH: Biden acknowledges toll of COVID on nation, but says 'it will get better' By Zeke Miller, Josh Boak, Associated Press At a Wednesday news conference to mark his first year in office, President Joe Biden is admitting that the pandemic has exhausted and demoralized many Americans. Continue reading
Jan 18 Watch 6:01 Inflation in Turkey is at a near two-decade high. Is it part of Erdogan's plan? By Nick Schifrin, Dan Sagalyn For Turkey, 2021 was marked by a free-falling currency, the lira, and record-high inflation. The government’s monetary policy has sent the country into economic turmoil, and as Nick Schifrin reports, soaring prices have hurt Turks from all walks of life. Continue watching
Jan 14 Watch 12:13 Brooks and Capehart on voting rights legislation and partisanship New York Times columnist David Brooks and Washington Post columnist Jonathan Capehart join Judy Woodruff to discuss the week in politics, including Democrats' push for voting rights legislation, partisanship and President Biden’s handling of key issues within his party. Continue watching
Jan 12 Watch 5:17 News Wrap: Kazakhstan crackdown hauls in 1,700 alleged protesters In our news wrap Wednesday, the crackdown in Kazakhstan has led to the arrest of another 1,700 people for allegedly taking part in violent protests, bringing the total to 12,000. Also, Senate Republicans fired back after President Biden denounced them… Continue watching
Jan 12 Watch 8:46 Inflation surged at the fastest pace in 40 years. What will it mean for consumers? The last time inflation rose 7 percent annually was back in 1982 and the latest consumer price report shows costs are continuing to spike. That is presenting real questions for the Federal Reserve, which is tasked with promoting stable prices. Continue watching
Jan 12 WATCH: White House press secretary Jen Psaki holds a news briefing By Associated Press White House National Economic Council Director Brian Deese said the White House and independent forecasters expected inflation to "moderate over the course of 2022."… Continue reading
Jan 12 Inflation jumps 7 percent, the biggest increase since 1982, as Americans increase spending By Christopher Rugaber, Associated Press Prices paid by U.S. consumer jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America's… Continue reading
Jan 11 WATCH: Federal Reserve chair Jerome Powell says inflation poses a major threat to job market By Christopher Rugaber, Associated Press Federal officials have forecast three increases in the their benchmark short-term rate this year, though some economists say they envision four rate hikes in 2022. Continue reading