Economy

The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs.

The Labor Department inspector general launched a review of BLS economic data collection issues following Trump's firing of the BLS commissioner and massive job revisions.

Americans will spend less than 2% of their disposable income on gasoline in 2025, the lowest share since 2005, as the EIA forecasts significant price decreases.

JPMorgan Chase CEO Jamie Dimon warned of economic uncertainty ahead, citing the delayed impact of tariffs, geopolitical challenges and policy changes under President Donald Trump.

The average rate on the 30-year fixed mortgage fell this week to 6.35%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.5%.

The Bureau of Labor Statistics released the August consumer price index (CPI), which showed that inflation remained above the Fed's target ahead of the central bank's rate decision.

About 725,000 vehicles with "Do Not Drive" recalls remain on roads, concentrated in California, Texas, Florida and Arizona according to CARFAX data.

Klarna CEO Sebastian Siemiatkowski says 20% of financially secure Americans view credit cards negatively, driving demand for the company's payment alternative.

The Danish pharmaceutical company will reduce its 78,400-person workforce by approximately 9,000 positions to streamline operations and reinvest in diabetes and obesity drugs.

Trump has challenged a court ruling protecting Lisa Cook's Fed position as the Justice Department opens a criminal probe into mortgage application fraud.

Albertsons announces closure of 12 Safeway locations in three states by early November following the merger of two divisions into the new Mountain West Division.

The Bureau of Labor Statistics overestimated job numbers by 911,000 in Biden's final year and 3 million jobs over three years, raising concerns about data accuracy.

Trump administration unveils new SAVE initiative allowing federal workers to earn rewards for suggesting ways to reduce wasteful government contract spending.

UAW condemns Hyundai for poor worker safety record following immigration raid at Georgia electric car battery factory that detained 475 people.

A federal judge on Tuesday blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook, allowing her to continue in her current role for the time being.