U.S. Economy

Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate

WASHINGTON — The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House…

Sen. Tim Scott pushes bill that would require disclosure of apps’ country of origin

WASHINGTON — Sen. Tim Scott, R-S.C., is pushing for more transparency from social media applications amid privacy concerns about China-based…

Shifting to life post-Covid: How remote work transformed this city in the Midwest

Lansing, Michigan may never be the same. The city of just over 110,000 residents, known for its towering state capitol…

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing, as…

FTC’s Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition

Republican lawmakers have for years launched barrages of criticism at Biden administration regulatory agencies and their diverse leaders — and…

A U.S. recession would be ‘good news’ for markets, strategist says

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder…

German minister calls for maturity on U.S. debt ceiling talks: ‘We have to avoid further risks’

German Finance Minister Christian Lindner hopes American lawmakers will be “mature” over the debt ceiling negotiations to avoid further headwinds…

Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead

Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend…

Confused about the debt ceiling? Here’s what you need to know

The White House and Republicans in Congress are mired in a standoff over the debt limit. Failure to raise or…

Debt ceiling deal appears no closer after high-stakes meeting, but leaders will huddle again Friday

WASHINGTON — Top congressional leaders left a high-stakes meeting with President Joe Biden on Tuesday showing few signs they had moved…