U.S. Economy

Hawaii wildfires: Biden vows immediate aid, deploys military to assist victims

President Joe Biden on Thursday vowed immediate assistance for Maui residents who have lost loved ones and their homes in…

Biden seeks nearly $40 billion in funding for Ukraine, disaster relief and border

WASHINGTON — The White House unveiled a nearly $40 billion supplemental funding request on Thursday to provide additional aid to Ukraine and…

Biden embraces July inflation report: ‘That’s Bidenomics’

WASHINGTON — Despite a small rise in inflation last month over June’s rate, President Joe Biden on Thursday insisted that July’s…

Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says

Veteran economist Jim O’Neill says central banks will need to keep interest rates up around 5% across major economies for…

White House restricts U.S. investment in some Chinese tech, citing national security concerns

WASHINGTON — President Joe Biden signed an executive order on Wednesday aimed at regulating new U.S. investments and expertise that supports Chinese…

Democrats need to show voters ‘ground level’ benefits of the Inflation Reduction Act, ex-White House economist says

WASHINGTON — Brian Deese, former director of the National Economic Council under President Joe Biden, touted the financial boost provided…

Former Biden and Clinton advisor to chair Democratic National Convention in Chicago

WASHINGTON — The Democratic National Committee announced a new leadership team Tuesday for its 2024 convention, adding members of President…

Congress must find debt solution without cutting Social Security, Medicare, Sen. Coons says

WASHINGTON — Lawmakers must address the trillions of dollars that make up the national debt and deficit without touching Medicare,…

Trump’s court appearances should be nationally televised, Adam Schiff says

WASHINGTON — A campaign to televise former President Donald Trump’s federal criminal trials was launched late Thursday by congressional Democrats, led…

Biden order curbing investment to China expected next week

President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China…