State Rep. James Talarico (D-Round Rock) says the raises can be paid for with money from the state's budget surplus. Republicans have indicated they want to use that money to pay for property tax relief.
Donald Trump's Turnberry golf resort hasn't made a profit in nearly a decade.
On Jan. 19, the U.S. officially hit its debt ceiling, having spent all of the $31.4 trillion available for expenditures as allocated by the Treasury. In the days since, conversations have become...
The size of the checks and when they would be sent out was not specified in a Friday news release from Gov. Gretchen Whitmer and legislative leaders.
We (barely) survived past GOP-induced default crises. This time, the most radical, least-seasoned House Republicans could force a looming economic cataclysm.
“Pandemic paranoia has set in with employers who remember how hard it was to bring back workers,” Becky Frankiewicz, president of ManpowerGroup, says.
Tesla has reversed course on price cuts to its Model Y line this month after the U.S. Treasury announced loosened restrictions on electric vehicle credits.
Iranians are finding it harder than ever to afford even basic goods as political unrest roils the country and the government cracks down harshly.
January proved to be a brutal month for technology company layoffs. A new website, layoffs.fyi, that’s tracking job cuts in the sector, says more than 80,000 jobs were slashed in that month alone.
With warm weather and relatively affordable living costs, Arizona has long been a popular destination for retirees. While the average monthly costs of the necessities (rent, groceries, healthcare and...
Just as a family needs to budget carefully after an unexpected expense, the federal government also needs to rein in its spending.
PNC economists had forecast mild recession in Q2, now saying second half of 2023, plus more interest rate hikes.
The U.S. added more than twice as many jobs as expected, indicating the economy is powering ahead despite the Fed's efforts to slow it down.
The Biden administration will expand eligibility for an Inflation Reduction Act-enabled tax cut for electric vehicles, the Treasury Department announced Friday. The department has updated the classification standards used to determine eligibility, expanding the definition of an SUV. The $7,500 tax credit applies to SUVs costing up to $80,000, but there is no such benefit…
Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the U.S. economy's robust job gains out of concern that employers, desperate to hire, would keep boosting pay and, in turn, keep inflation high. The past year's consistently robust hiring gains have defied the fastest increase in the Fed's benchmark interest rate in four decades — an aggressive effort by the central bank to cool hiring, economic growth and the spiking prices that have bedeviled American households for nearly two years.
Bitcoin (BTC) fell after the U.S. economy added 517,000 jobs in January, massively beating economist forecasts of 185,000. CoinDesk Co-Regional News Chief for the Americas Stephen Alpher discusses bitcoin's reaction to the jobs report and Federal Reserve's interest rate hike earlier in the week. Plus, CoinDesk Editor at Large Christie Harkin explains how the debut of the Ordinals protocol, which stores non-fungible tokens (NFT) on the Bitcoin blockchain, has created a major debate in the community.
The U.S. Federal Reserve is likely to need to lift the benchmark rate above 5% and keep it there to squeeze too-high inflation out of an economy where the labor market remains strong even after nearly a year of the most aggressive round of Fed rate hikes in 40 years. That was the betting in financial markets on Friday after the U.S. Labor Department reported employers added more than half a million jobs last month, far more than expected, and the unemployment rate fell to 3.4%, the lowest in more than 50 years. That was also how San Francisco Fed President Mary Daly saw it.
The U.S. economy added a lot more jobs in January than economists had expected. It isn’t what the Federal Reserve wanted.
The number of new jobs created in January rose by 517,000 to mark the biggest increase in six months, suggesting little erosion in a dynamic U.S. labor market even as the economy weakens.
The U.S. economy added a whopping 517,000 jobs in January, according to Bureau of Labor Statistics data released Friday. This was the largest monthly gain since last July.
