Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.
Mayor Eric Adams on Wednesday sharpened his appeal for state and federal aid by presenting steep new cost projections for the tens of thousands of migrants in New York City’s care.
President Joe Biden hailed “Bidenomics” as the path to strengthening the middle class and boosting the American economy during his visit on Tuesday to a state that will likely play a critical role in his reelection chances in just 15 months' time.
The $12 billion is the estimate by summer of 2025 if the flow of migrants continues apace with current numbers, Adams said. Administration officials had previously forecast that the cost would reach more than $4 billion by next summer. The new estimation of $4 billion annually for three years, is a significant portion of the city’s budget that is currently $107 billion. By comparison, the NYPD’s annual budget this year is $5.8 billion.
More Americans are tapping their 401(k) accounts because of financial distress, according to Bank of America data released Tuesday.
Two conservative groups are asking a federal court to block the Biden administration's plan to cancel $39 billion in student loans for more than 800,000 borrowers.
U.S. economic growth accelerated over three months ending in June, blowing past economist expectations and tamping down concerns about a possible recession.
In this Our Changing Climate video essay, I look at the horrors of the cobalt supply chain fueling the electric car and renewable revolution. Specifically, I zero in on cobalt mining in the Democratic Republic of Congo in under to uncover what exactly it takes to bring modern batteries to life.
