Browsing: Economy

The numbers: The University of Michigan’s gauge of consumer sentiment fell to a preliminary May reading of 57.7 from an April reading of 63.5. That is…

United Airlines pilots are picketing at major airports across the nation Friday, demanding higher pay and a better work-life balance in negotiations with management over a…

By Jonathan Spicer ISTANBUL (Reuters) – If Turks oust President Tayyip Erdogan in elections this month it will largely be because of an economic reversal that…

The U.S. government faces a significant risk that it will no longer be able to pay all of its obligations “at some point in the first…

WASHINGTON (Reuters) – President Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on…

The White House on Friday characterized discussions over the U.S. debt ceiling as “productive,” as President Joe Biden and congressional leaders were set to meet again…

The number of Americans filing for unemployment benefits last week jumped to the highest level since 2021, the latest sign the historically tight labor market is…

WASHINGTON (Reuters) – A group of 43 Republicans in the U.S. Senate said they oppose voting on a bill that only raises the U.S. debt ceiling…

Policymakers and investors should prepare for prolonged stress in the regional bank sector, according to Randal Quarles, former vice chairman for supervision at the Federal Reserve.…

The U.S. government could default on its debt within a matter of weeks, jeopardizing payments to millions of Americans and businesses.  Treasury Secretary Janet Yellen warned…