US inflation believed to have slowed in June in sign of easing price pressures

Some economists believe if inflation keeps slowing and the economy shows signs of improvement, a July interest rate hike could be the Federal Reserve's last.

Fed may tighten financial rules after US bank failures, Powell says

The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new regulations.

Democratic lawmakers warn of child care crisis with historic federal funding set to expire in September

A potential crisis is looming for the U.S. child care industry as one of the last pandemic-era funding programs that has helped keep millions of businesses afloat is set to expire in September. Now, lawmakers on Capitol Hill are calling for action to prevent the loss of critical services that millions across the country rely on. 

Powell expects more Fed rate hikes because of persistently high inflation

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.

Maryland's gas tax goes up July 1

The 10% increase will put Maryland’s gas tax at 47 cents a gallon — one of the highest in the nation.

Debt ceiling deal: Biden celebrates bipartisanship, 'crisis averted' in Oval Office address

He's ready to sign on Saturday a budget agreement that suspends the nation's debt ceiling and eliminates the potential for a first-ever government default that would have sent shock waves through the U.S. and global economies.

Know any airplane mechanics? Wave of retirements leave some US industries desperate

A surge of retirements, along with a slowdown in immigration that began during the pandemic, are the primary factors behind the labor shortages that continue to bedevil many employers.

Debt ceiling deal includes new work requirements for SNAP: How they work

The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.

Debt ceiling: House OKs bill to avoid default, sends Biden-McCarthy deal to Senate

The House has approved the debt ceiling and budget cuts package, sending it to the Senate. President Joe Biden negotiated the deal with Speaker Kevin McCarthy to avert a U.S. default crisis.

Debt ceiling: Bill on its way to House floor after clearing key hurdle

Under fire from conservatives, House Speaker Kevin McCarthy is hunting for votes from fellow Republicans for the debt ceiling deal.

These billionaires are worth more than the US Treasury has in cash, report says

The cash balance at the U.S. Treasury is lower than the net worth of some of the world's richest people, according to the Bloomberg Billionaire Index.

Debt ceiling deal: Here's what's in, what's out of the bill to avert US default

Details of the deal between President Joe Biden and House Speaker Kevin McCarthy are out. But the two leaders still have to persuade Congress to pass the bill.