U.S. Economy

U.S. State Department issues ‘worldwide caution’ alert as tensions in the Middle East soar

WASHINGTON — The U.S. State Department issued a worldwide caution alert on Thursday due to soaring tensions in the Middle East and…

Biden’s pick for Israel envoy faces tough questions from senators on Iran

WASHINGTON — Jacob Lew, President Joe Biden’s nominee for ambassador to Israel, defended his handling of Iran policy in the…

Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record

Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock…

Biden to seek ‘unprecedented’ Israel aid package; pledges $100 million for humanitarian relief in Gaza and West Bank

UNITED NATIONS — President Joe Biden reaffirmed America’s commitment to Israel on Wednesday in Tel Aviv, where he blamed a…

Jim Jordan loses second House speaker vote, as GOP weighs dwindling options

Rep. Jim Jordan’s bid to become speaker of the U.S. House of Representatives failed Wednesday for the second time in…

Jim Jordan loses first House speaker vote, will try again Wednesday

Rep. Jim Jordan’s bid to become speaker of the U.S. House of Representatives failed in a first vote Tuesday, raising…

Top economists unanimous on ‘higher for longer’ rates as inflation threats linger

Top economists and central bankers appear to be in agreement on one thing: interest rates will stay higher for longer,…

Biden will travel to Israel on Wednesday as war with Hamas drags into its second week

WASHINGTON — President Joe Biden will travel to Israel on Wednesday in an effort to mitigate the expansion of the war between…

Jim Jordan’s House Speaker bid gains momentum as Biden warns of ‘dangerous’ leadership vacuum in Congress

Rep. Jim Jordan of Ohio rallied fresh support Monday for his bid to become the next speaker of the House…

U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says

U.S. Treasury Secretary Janet Yellen said the country can “absolutely” afford to financially support both Israel and Ukraine in their…