Why Is The Fed Chair So Difficult To Understand? Here's A Translation
Have you ever heard an announcement from the Federal Reserve and felt like you are way under qualified to understand a word of it? That's no accident.
Economy
Congress' Funding Package Offers No Debt Assistance To Puerto Rico
Struggling under a $72 billion debt, the territory asked for a legal change allowing it to file for some form of bankruptcy. But lawmakers have left that language out of their tax-and-spending deal.
Here's What The Fed Interest Rate Hike Means For Consumers
The Federal Reserve raised interest rates for the first time in nine years Wednesday. NPR's Audie Cornish talks to Megan Greene, chief economist at John Hancock, about what this means for consumers.
Trucks Hit Record 20.4 MPG, EPA Says; Carmakers Are Ahead Of Emissions Standards
Fuel economy is at record highs and carmakers have surpassed strict greenhouse gas emissions standards for the third straight year, the Environmental Protection Agency says.
From Tipsy To Regret: Your Tales From The Office Holiday Party
Office soirees can be an opportunity for networking and workplace bonding. But drinking with the boss can also lead to embarrassment, injury and litigious outcomes, as the stories you shared bear out.
Investors Take Note That Rental Demand Is Up For Single-Family Homes
After the housing crisis, demand for rental property boomed. Census data show vacancy rates for rental units reached an all-time low this summer. More people are wanting to rent single family homes.
Shoppers This Year May Need The Nudge Of Cold Air And Gift Cards
It's been warmer than usual around the country and hardly feels like gift-giving season. Some economists say December sales will be fine after Christmas when consumers shop for sales with gift cards.
Fed Expected To Raise Interest Rates For The First Time Since 2008
For seven years, the Federal Reserve has been keeping short-term interest rates at zero. David Greene talks to David Wessel of the Hutchins Center at the Brookings Institution.
Congressional Spending Bill Would Lift The Ban On Exporting Crude Oil
Such a move could be a boon for U.S. oil producers hoping to expand into the global market. The bill would also extend tax credits for wind and solar energy production.
House Plans Vote On Year-End, Must-Pass Tax And Spending Deal
Republicans like the tax package; Democrats like the spending plan. The two parties are expected to put together enough votes to get the overall deal through the House, with a smooth road beyond.