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News
America In Focus: Fed officials eye higher rates; unemployment claims fall
2+ day, 17+ hour ago (656+ words) The logo of the Federal Reserve Board of Governors is seen before a news conference with Federal Reserve Board Chairman Kevin Warsh at the Federal Reserve in Washington, Wednesday, July 29, 2026. Credit: AP/Mark Schiefelbein The economy, inflation and how those…...
Iranian families struggle to afford the basics as US ratchets up economic warfare
3+ day, 22+ hour ago (1191+ words) People walk in Tehran's traditional main bazaar, Iran, Saturday, Aug. 8, 2026. Credit: AP/Vahid Salemi TEHRAN, Iran — Tehran’s grocery stores are well-stocked, but many families can barely afford the basics. Unemployment is soaring and those with jobs are working more hours…...
The US national debt now stands at $40 trillion
5+ day, 6+ hour ago (380+ words) WASHINGTON — The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit to make up an enormous share of federal spending. The milestone…...
'Many' Fed officials think higher rates will be needed if inflation stays high
5+ day, 12+ hour ago (491+ words) The logo of the Federal Reserve Board of Governors is seen before a news conference with Federal Reserve Board Chairman Kevin Warsh at the Federal Reserve in Washington, Wednesday, July 29, 2026. Credit: AP/Mark Schiefelbein WASHINGTON — Many Federal Reserve officials think…...
Island Harvest benefits from price-fixing settlement; 11,700 cartons of eggs headed to needy
5+ day, 11+ hour ago (455+ words) Following the settlement announced Wednesday Island Harvest will distribute the eggs in both Nassau and Suffolk through its network of food pantries. Credit: Barry Sloan The Island Harvest Food Bank has received 11,700 cartons of eggs — 140,000 eggs in all — as part…...
America In Focus: Inflation cools in July, but so do consumers with their spending
1+ week, 2+ day ago (922+ words) The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs…...
Retail sales unexpectedly fall in July as government tax refunds fade
1+ week, 3+ day ago (610+ words) A person carries a shopping bag in Philadelphia, Dec. 10, 2025. Credit: AP/Matt Rourke NEW YORK — Americans unexpectedly cut their spending in July as a boost from government tax refunds faded. Retail sales slipped 0.6% last month, the biggest drop since May…...
Mortgage rates dip slightly for the first time in six weeks, but remain steeper than last year
1+ week, 4+ day ago (360+ words) A sign is posted for a new home for sale in Ambler, Pa., Oct. 16, 2025. Credit: AP/Matt Rourke CHICAGO — The average long-term U.S. mortgage rate fell slightly for the first time in six weeks on Thursday, marking a glimpse of…...
July inflation report to provide crucial signs of where prices are headed
1+ week, 6+ day ago (660+ words) Gas prices are displayed electronically at QT gasoline station, Thursday, Aug. 6, 2026, in Greenwood Village, Colo. Credit: AP/David Zalubowski WASHINGTON — Is U.S. inflation stuck at a stubbornly high level or is it steadily cooling? The government's latest report on consumer…...
America In Focus: US employers unexpectedly cut 23,000 jobs; mortgage rates rise again
2+ week, 2+ day ago (755+ words) A California unemployment benefits form is shown Wednesday, July 8, 2026, in Detroit. Credit: AP/Paul Sancya The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery…...