Inflation remained uncomfortably high in April as the price of gasoline and rent spiked, continuing to squeeze Americans’ pocketbooks. The Labor Department said Wednesday that the consumer price index, a

The U.S. government is on a collision course for a potentially catastrophic default on its financial obligation if Congress fails to raise the debt ceiling within a matter of weeks. 

New York City is mulling a response to the migrant crisis overwhelming the city government’s services that could imperil the push to bring more workers back to offices. Although it’s

Inflation at the wholesale level rose less than expected in April, the latest sign that painfully high consumer prices are beginning to loosen their stranglehold on the U.S. economy one

The number of Americans filing for unemployment benefits last week jumped to the highest level since 2021, the latest sign the historically tight labor market is cooling off in the

The U.S. government could default on its debt within a matter of weeks, jeopardizing payments to millions of Americans and businesses.  Treasury Secretary Janet Yellen warned last week that the

JPMorgan Chase CEO Jamie Dimon warned on Thursday of disastrous implications for the economy if Congress fails to raise the debt ceiling and the U.S. defaults on its financial obligations. 

As analysts start to speculate about the Federal Reserve’s next rate move as a potential credit crunch looms over markets, one former Fed bank president advised extreme caution with their

U.S. job growth likely cooled markedly in April as rising interest rates and a slowing economy began to take a toll on hiring.  The U.S. Department of Labor’s high-stakes April

The Department of Transportation announced Monday its plans for a new rulemaking process requiring airlines to compensate passengers whose flights were delayed or canceled. The proposal would require airlines to