Finance
Consumer Spending Rose More Than Expected in April
Americans’ income and spending both rose in April, a sign of economic resilience amid rising prices and warnings of a...
Restaurant Chain Franchises Face Scrutiny From the FTC
“Making It Work” is a series about small-business owners striving to endure hard times.When Kenneth Laskin flew to California to...
Republicans Report Progress in Debt Limit Talks as Negotiations Continue
Republican congressional leaders said Thursday they were making progress toward a deal with President Biden to raise the debt ceiling...
Military Spending Emerges as Big Dispute in Debt-Limit Talks
Funding for the military has emerged as a key sticking point in reaching an agreement to raise the nation’s borrowing limit...
New York City Moves to Regulate How AI Is Used in Hiring
European lawmakers are finishing work on an A.I. act. The Biden administration and leaders in Congress have their plans for...
Fed Officials Were Split Over June Rate Pause, Minutes Show
Federal Reserve officials were unanimous in their decision to raise interest rates earlier this month, but were conflicted over whether...
Yellen Warns of Missed Payments if Debt Limit Is Not Lifted
Treasury Secretary Janet L. Yellen said on Wednesday that it was “almost certain” that the United States would not have...
McCarthy Renews Call for Spending Cuts as Debt Talks Resume at White House
With a potential federal default just over a week away, Speaker Kevin McCarthy renewed his call on Wednesday for President...
Potential Debt Ceiling Deal Would Barely Change Federal Spending Path
As their debt limit negotiations with President Biden push the nation perilously close to a devastating default, House Republicans have...
U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The United States faces an “elevated risk” of running out of cash to pay its bills between June 2 and...
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