News
Small Businesses in the Spotlight
56+ min ago (61+ words) WJLA Small Businesses in the Spotlight Washington (7 News) " On Capitol Hill, small businesses are in the spotlight ahead of America's 250th. Our Melanie Hastings spoke with Michael Phillips, owner of Antiques Brocante in Alexandria, about what's driving the rising demand for…...
Trump admin targets 'big 4' meat packers in antitrust crackdown over beef prices
1+ day, 18+ hour ago (650+ words) WASHINGTON (TNND) " The Justice Department said Monday it is intensifying its investigation into the beef industry, accusing the nation's largest meatpackers of contributing to higher prices, weaker competition and risks to food security. At a news conference, Acting Attorney General…...
Inflation, interest rates expected to be 'higher for longer,' survey of economists shows
2+ week, 4+ day ago (589+ words) (TNND) " Bankrate's quarterly survey of economists pegged the odds of a recession in the next year at 34%. The 18 economists polled by Bankrate also expected slightly worse job growth and slightly higher unemployment than they expected in the previous quarter. They…...
Mark Cuban promises affordable, safe drugs made in USA. What's standing in the way?
1+ mon, 1+ week ago (676+ words) by Lisa Fletcher, Andrea Nejman, Alex Brauer The pills millions of Americans take every day often come from overseas factories most of us will never see - many with a troubling track record of safety and oversight. It's a risk we've…...
Why the Federal Reserve isn't cutting interest rates (Yet)
1+ mon, 2+ week ago (83+ words) WJLA is the local ABC affiliate for the greater Washington DC area. From our studios in Arlington, VA ABC7 covers national and local news, sports, weather, traffic and culture and carries entertainment and sports programming. WJLA serves Alexandria, Springfield, Annandale, Tysons,…...
Economy could lose $14 billion in 2-month shutdown, agency estimates
6+ mon, 1+ week ago (302+ words) HUNT VALLEY, Md. (TNND) " The economy could lose $14 billion if the government shutdown continues for another month, the Congressional Budget Office (CBO) estimated on Wednesday. There would be billions of dollars less in real gross domestic product (GDP), the inflation-adjusted value…...
Social Security announces 2. 8% cost-of-living adjustment for 2026. What to know
6+ mon, 1+ week ago (194+ words) WASHINGTON (TNND) " Social Security benefits will increase by 2. 8% in 2026 after the Social Security Administration shared its annual cost-of-living adjustment (COLA) on Friday. As a result, retirement benefits will increase by approximately $56 each month for retirees. This includes Old-Age, Survivors and…...
Economic data halted by government shutdown complicates Fed's mandate
6+ mon, 3+ week ago (376+ words) WASHINGTON (TNND) " The Federal Reserve, in the middle of a highly anticipated series of interest rate cuts, is without its usual roadmap because of the government shutdown. Ahead of the central bankers' next decision on interest rates on October 29, they're…...
Giant Trump statue holding Bitcoin displayed outside US Capitol to mark Fed rate decision
7+ mon, 2+ week ago (230+ words) WASHINGTON (7 News) " A 12-foot golden statue of President Donald Trump holding a Bitcoin was installed outside the U. S. Capitol, coinciding with the Federal Reserve's upcoming interest rate decision on Wednesday. At 2 p. m. , the Fed announced that it reduced its key interest rate…...
Federal Reserve poised for first rate cut of the year, possibly a quarter-point reduction
7+ mon, 2+ week ago (141+ words) WASHINGTON (TNND) " The Federal Reserve on Wednesday might make its first rate cut of the year, which most economists believe will be a quarter of a percentage point. Steve Moore, who is President Donald Trump's former White House economic advisor,…...