Mar 16 How will higher interest rates affect American finances? By Christopher Rugaber, Associated Press Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation. Continue reading
Mar 16 WATCH: Federal Reserve chair Powell gives update on federal interest rate policy By Christopher Rugaber, Associated Press The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year. Continue reading
Mar 10 WATCH: White House press secretary Jen Psaki holds news briefing By Associated Press White House press secretary Jen Psaki defended the U.S. position delivering aircraft to a besieged Ukraine. Continue reading
Mar 10 U.S. inflation hits new 40-year high, jumping 7.9 percent over past year By Christopher Rugaber, Associated Press Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9 percent over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come. Continue reading
Mar 07 Watch 8:49 Tamara Keith and Amy Walter on a possible U.S. ban on Russian oil, Trump and the GOP base By Lisa Desjardins, Saher Khan, Matt Loffman NPR’s Tamara Keith and Amy Walter of the Cook Political Report with Amy Walter join Lisa Desjardins to discuss the latest political news, including how mounting pressure to ban Russian oil imports is putting President Biden in a tough situation… Continue watching
Mar 04 Watch 5:48 Strong jobs report signals more Americans returning to labor market as coronavirus wanes By Geoff Bennett, Karina Cuevas The latest jobs reports shows U.S. job growth surged in February as the omicron wave of COVID-19 began fading. The Labor Department reports employers added a net of 678,000 jobs, the most since July. Jared Bernstein, who serves on the… Continue watching
Mar 04 U.S. added 678,000 jobs in February in sign of economic health By Christopher Rugaber, Associated Press U.S. employers added 678,000 jobs in February, another solid gain that underscored the economy's robust health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation. Continue reading
Mar 01 7 key takeaways from Biden's 2022 State of the Union speech By Aamer Madhani, Josh Boak, Associated Press President Joe Biden’s first State of the Union address was likely going to focus inward, looking at the economic and public health woes besetting the U.S. But Russia’s invasion of Ukraine and the war that has ensued changed all that. Continue reading
Mar 01 WATCH: 'Lower your costs, not your wages,' Biden tells companies on inflation By Associated Press The U.S. president is aiming to lead the country out of the pandemic and reboot his stalled domestic agenda as well as confront Russia's aggression. Continue reading
Feb 28 WATCH: President Joe Biden's 2022 State of the Union address - A PBS NewsHour Special By Zeke Miller, Colleen Long, Associated Press Addressing a concerned nation and anxious world, President Joe Biden vowed in his first State of the Union address Tuesday night to check Russian aggression in Ukraine, tame soaring U.S. inflation and deal with the fading but still dangerous coronavirus. Continue reading