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The federal debt continues to grow, topping $39 trillion this month. Like a shopper who buys more than he earns every week, the nation's credit card bill is compounding. Just paying the interest now costs more than every other government program except Social Security.
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The cost of flying, for example, is probably going up.
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A murky corner of the financial world is now the fastest-growing source of funding for small businesses. One state, Connecticut, had given these lenders unusual power. That may be about to change. -
The program provides incentives to those who invest in economically distressed areas. -
On Monday, several traders bet hundreds of millions of dollars on oil contracts shortly before President Trump announced the postponement of U.S. strikes on Iranian energy infrastructure.
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Some of President Trump's policies, the latest being the war in Iran, are testing his support among farmers who are being burdened with higher costs. -
Federal Reserve chairman Jerome Powell said the U.S. is not in a period of stagflation.
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NPR's Ayesha Rascoe talks with Martin Wolf, chief economics commentator for the Financial Times, about how the war on Iran is affecting the global economy.
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NPR's Ayesha Rascoe talks to University of Texas engineering professor Hugh Daigle about why the U.S. imports most of the oil it consumes despite being one of the world's largest oil exporters.
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The change is part of a round of layoffs at CBS News. When the radio service began operation in September 1927, it was a precursor to the entire CBS network. Today its top-of-the-hour news roundups are delivered to about 700 stations across the U.S. -
Treasury Secretary Scott Bessent said the U.S. may remove sanctions on Iranian oil to bring down prices.
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Wages in a state known for its hospitality industry aren’t rising fast enough to keep up with soaring home prices.
