Soaring tax revenue, spending plunge spark record drop in budget deficit

Source: EconomyThe budget gap shrank by half in fiscal 2022 as spending on pandemic programs expired…

Yes, the Liz Truss debacle matters for Americans

Source: EconomyThe U.K. political drama will have ripple effects in the U.S.Read More

Watch Liz Truss announce her resignation

Source: EconomyPost ContentRead More

Voters pessimistic on economy, inflation as Election Day approaches

Source: EconomyA new POLITICO/Morning Consult poll suggests economic woes are taking a toll on the electorate.Read…

Fed’s Powell slides into tough cop role

Source: EconomyIt’s a rare moment for a Fed chair to toss aside all political considerations and…

Jay Powell takes on the world

Source: EconomyThe Fed’s interest rate hikes have fueled market turmoil by boosting the value of the…

Fears of Fed-induced pain grow, from global recession to deflation

Source: EconomyFed Chair Jerome Powell has pledged to do whatever it takes to curb inflation.Read More

U.S. inflation falls for 2nd straight month on lower gas costs

Source: EconomyDespite the signs of moderating price increases, inflation remains far higher than many Americans have…

G-7 announces price cap deal on Russian oil in win for Yellen

Source: EconomyThe plan touted by the U.S. Treasury secretary aims to diminish the Kremlin’s revenue while…

Powell’s warning of ‘pain’ could bring pain on the Fed itself

Source: EconomyThe government will offer another indication of whether the hurt has already begun when it…

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