Nov 09 Frustrated Americans who voted for Trump await the economic changes he promised By Paul Wiseman, Associated Press Trump campaigned on promises to impose huge tariffs on foreign goods, slash taxes and deport millions of undocumented immigrants. Yet many economists warn that Trump’s plans are likely to worsen inflation, raise costs for consumers and drive up the federal debt. Continue reading
Nov 07 WATCH: Federal Reserve Chair Powell holds news conference following interest rate meeting By Christopher Rugaber, Associated Press The Fed's future moves are now more uncertain in the aftermath of the election, given that Trump's economic proposals have been widely flagged as potentially inflationary. Continue reading
Nov 06 Voters preferred Trump on handling the economy By Josh Boak, Linley Sanders, Associated Press According to AP Votecast data, anxiety about inflation was high nationally, and voters broadly believed that Donald Trump would be better equipped than Kamala Harris to handle the economy and jobs. The key swing states of Pennsylvania and Wisconsin largely… Continue reading
Nov 04 Harris has 4-point lead over Trump in final PBS News/NPR/Marist election poll By Matt Loffman On the eve of the 2024 presidential election, Vice President Kamala Harris has the support of 51 percent of likely voters to former President Donald Trump’s 47 percent – a lead just outside the poll’s 3.5-point margin of error. Continue reading
Oct 29 Watch 5:58 Examining how economic plans from Trump and Harris could affect inflation By Geoff Bennett, Azhar Merchant The economy and concerns around costs remain the top issue for many voters. Both candidates want to extend tax cuts, but they also have some big differences. Donald Trump wants to impose broad tariffs and deport undocumented workers, Kamala Harris… Continue watching
Oct 22 IMF declares global fight against high inflation is ‘almost won’ By Paul Wiseman, Associated Press The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared. Continue reading
Oct 10 Social Security recipients to get smaller 2.5% benefits boost in 2025 By Fatima Hussein, Associated Press Millions of retirees who receive Social Security benefits will see a 2.5 percent cost-of-living increase to their monthly checks beginning in January. Continue reading
Oct 10 U.S. inflation drops to lowest point in 3 years at 2.4 percent, some price pressures remain By Christopher Rugaber, Associated Press Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August and the smallest annual rise since February 2021. Continue reading
Oct 09 Social Security is due for another cost of living increase. It ‘won’t make a dent’ for some retirees By Fatima Hussein, Associated Press The annual Social Security and Medicare trustees report in May that the program's trust fund will be unable to pay full benefits beginning in 2035. If the trust fund is depleted, the government will be able to pay only 83%… Continue reading
Oct 04 Watch 6:18 After strong jobs report, Treasury official discusses what it says about wider economy By Amna Nawaz The Labor Department issued one of the last jobs reports before the presidential election, and the numbers are strong. It shows 254,000 jobs were added in September, beating expectations. Overall, the report paints a picture of a robust American economy… Continue watching