U.S. Economy

China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says

WASHINGTON — Treasury Secretary Janet Yellen said Thursday that China would be among the first in line to get paid…

U.S. inflation is likely ‘far stickier’ and could last a decade, Bill Smead says

U.S. inflation is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer…

‘That’s how capitalism works,’ Biden says of SVB, Signature Bank investors who lost money in failed banks

WASHINGTON — President Joe Biden sought to assure customers of Silicon Valley Bank and Signature Bank on Monday that their…

Sen. Warren urges Fed Chair Powell to recuse himself from review of Silicon Valley Bank collapse

WASHINGTON — Sen. Elizabeth Warren on Tuesday pushed Fed Chair Jerome Powell to remove himself from the central bank’s review…

OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger

OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook…

Citing ‘death threats,’ Texas judge asked attorneys to keep news of hearing on legality of abortion pill quiet

Citing death threats and harassing phone calls, the federal judge who is presiding over a pivotal case that could decide…

Tesla is not the only company reviewing its Europe investment after Biden’s Inflation Reduction Act

Tesla recently announced a strategy shift away from Europe as it seeks to benefit from unprecedented subsidies in the United…

Chuck Schumer gives campaign donations from Silicon Valley Bank’s ex-CEO, PAC to charity

Senate Majority Leader Chuck Schumer gave campaign contributions from former Silicon Valley Bank CEO Greg Becker and the bank’s PAC…

How China’s shifting growth picture could hit global markets

China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will…

Top Senate Democrats press DOJ, SEC to investigate whether Silicon Valley Bank executives broke any laws

WASHINGTON — Top Democratic lawmakers pressed the Justice Department and the Securities and Exchange Commission to open a probe into…