U.S. Economy

The story of inflation, as told through your child’s backpack

Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread…

Jailed Putin critic Alexei Navalny handed 19 more years in prison

Kremlin opposition leader Alexei Navalny was sentenced to 19 more years in prison after being found guilty in a Russian…

Black unemployment rate ticks lower in July as jobs market remains tight

The unemployment rate for Black workers fell slightly in July as the broader labor market remains tight. Black workers’ jobless…

Biden labor secretary sees ‘slow and steady’ growth in July jobs report

WASHINGTON — The U.S. economy saw the smallest jobs increase in July since December 2020, but Acting Labor Secretary Julie…

Manchin warns government to step up after Fitch credit rating downgrade

WASHINGTON — Sen. Joe Manchin on Thursday called on his colleagues to take sorely needed budgetary steps to strengthen the…

China’s the top importer of Ukrainian grain, and could save the Black Sea deal

WASHINGTON — The United States and its Western allies are looking to China to help resolve the calamitous domino effect of Russia’s…

New IRS paperless system will help reduce deficit significantly over 10 years, Yellen says

WASHINGTON — Treasury Secretary Janet Yellen praised a new initiative by the IRS that she said will help reduce the…

Treasury Secretary Yellen says surprising Fitch downgrade is ‘entirely unwarranted’

WASHINGTON — Treasury Secretary Janet Yellen on Wednesday denounced Fitch’s decision to downgrade the United States’ longstanding credit rating that…

U.S. debt downgrade sinks global markets — but economists are not concerned

Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top…

International group working to identify Russian forces that carried out grisly war crimes on Kherson prisoners

Editor’s note: The following article contains graphic material detailing reports of torture of people in Ukraine. WASHINGTON — The identification of Russian…