Senate Majority Leader Chuck Schumer says Democrats are prepared to raise the debt ceiling on their own if they can do so with a simple majority.
Treasury Secretary Janet Yellen told Congress that the Treasury would be unable to pay all of the government’s bills if lawmakers don’t raise the federal borrowing limit by Oct. 18.
Orders for big-ticket items jumped last month as manufacturers continued to navigate the supply-chain disruptions caused by COVID-19.
A group of business economists' confidence in the U.S. economy is waning, a decline driven by the possibility of a new, vaccine-resistant COVID-19 variant.
The Federal Reserve moved up its timeline to decrease interest rates to next year. Here's how to take advantage of low rates now.
All year the Federal Reserve’s message on inflation has been consistent: This year’s surge is transitory, and inflation will soon return close to the central bank’s 2% target.
Chinese officials brace for Evergrande collapse, fearing economic and social fallout, as a bail out for the property developer looks unlikely.
The Federal Reserve signaled at the conclusion of its two-day meeting this week that it will begin slowing its aggressive bond-buying program later this year, the first step that policymakers will take to dialing back pandemic-era support for the U.S. economy.
The Federal Reserve kicked off a much-anticipated meeting this week during which policymakers are widely expected to shed light on their plans to begin dialing back support for the U.S. economy – a decision complicated by rising inflation and lackluster job growth.
The U.S. economy is losing momentum in its recovery from the coronavirus pandemic, the Organization of Economic Cooperation and Development said Tuesday.
As the economy shows signs of slowing down, interest rates are holding at record lows. Here's what it could mean for future rates.
The U.S. economy is poised for a strong recovery from the coronavirus pandemic, but faces fresh risks from a widespread labor shortage and rising infections among the unvaccinated, according to a survey of American CFOs.
Household incomes saw their first significant drop since 2011. Here are steps to take if you're struggling with finances.
Growth across a range of Chinese economic indicators pulled back sharply in August, as a new outbreak of the COVID-19 delta variant and tighter government regulations on the property market hit consumer spending and the housing sector.
Manufacturers are facing the highest steel and aluminum prices in years, another hurdle for U.S. companies already struggling to make enough cars, cans, and other products.
More than 100,000 customers were without power in Texas and Louisiana on Thursday morning as now post-Tropical Cyclone Nicholas moved near the coastline.
U.S. consumer prices grew at a slower pace in August as gains cooled off from their fastest rate in 13 years.
Jobless claims fell during the first week in September. With the Fed watching the labor market closely, here's what it could mean for interest rates.
The Commerce Department said on Thursday that business applications fell 4.7% to a seasonally adjusted 427,842 last month. The data is derived from business applications for tax identification numbers.
An increase in business activity and consumer spending pushes ECB to pause on emergency pandemic support.