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Economy

Government shutdown almost certain after last-ditch effort collapses

Government shutdown almost certain after last-ditch effort collapses

A federal government shutdown is almost certain after House Speaker Kevin McCarthy's last-ditch plan to keep the government temporarily open collapsed.

2 days ago
As employers encounter labor shortages, Biden administration unveils playbook for training workers

As employers encounter labor shortages, Biden administration unveils playbook for training workers

Worker shortages have been frustrating for some employers, who raised their investments in new factories and construction projects after President Joe Biden signed into law funding for infrastructure, computer chips and a shift toward renewable energy sources.

2 days ago
Gates will be locked and park rangers furloughed at national parks if government shuts down

Gates will be locked and park rangers furloughed at national parks if government shuts down

Most of the more than 420 national park units will be off-limits to the public, but the governors of Arizona and Utah vowed to keep some of the most iconic parks open with state funding, including Grand Canyon and Zion National Park.

3 days ago
Here's how a government shutdown could disrupt your fall travel

Here's how a government shutdown could disrupt your fall travel

With a government shutdown approaching, it may have an impact on travel.

3 days ago
A government shutdown is looming this weekend. What it means, who's impacted and what's next?

A government shutdown is looming this weekend. What it means, who's impacted and what's next?

The shutdown will begin Sunday if Congress can't enact a funding plan. Some government entities will be exempt, but others will be affected. Social Security checks, for example, will still go out. But federal agencies will stop all actions deemed non-essential.

3 days ago
Congress wants to avoid a government shutdown. But the House and Senate are moving further apart

Congress wants to avoid a government shutdown. But the House and Senate are moving further apart

The House is struggling through a long-shot effort to pass various funding bills with no real chance of finishing by Saturday’s deadline. The stakes are rising with just days remaining before a federal closure.

5 days ago
Congress moves into crisis mode as time runs short to prevent government shutdown

Congress moves into crisis mode as time runs short to prevent government shutdown

Congress is in crisis mode with five days to go before a government shutdown.

5 days ago
Bank of America will increase its minimum wage to $23 an hour

Bank of America will increase its minimum wage to $23 an hour

Bank of America’s minimum hourly pay will become $23 once the North Carolina-based company’s planned increase happens. 

September 21
US national debt hits $33T for first time in history

US national debt hits $33T for first time in history

The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.

September 19
Gas prices will inch higher next week before offering drivers relief, experts say

Gas prices will inch higher next week before offering drivers relief, experts say

The 'biggest issue facing the consumer and the economy is the relentless rise in diesel prices,' an industry analyst warned

September 15
Monthly home prices hit all-time high, driving pending sales down

Monthly home prices hit all-time high, driving pending sales down

Monthly home prices have hit an all-time high in recent weeks, driving down pending home sales by as much as 28%. 

September 15
Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes

Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes

Tim Gurner, a multi-millionaire CEO of Gurner Group, a real estate company founded in 2013, said at a conference that COVID-19 created a work culture in which employees' attitudes and work ethic deteriorated.

September 14
More than half of Americans live paycheck to paycheck, survey says

More than half of Americans live paycheck to paycheck, survey says

Gen Z consumers who were living paycheck to paycheck cited nonessential spending as a reason behind their financial hardships.

September 1
Survey: Half of homeowners want to move but feel stuck

Survey: Half of homeowners want to move but feel stuck

Even a small shift in mortgage rates could make a big difference to home affordability.

September 1
Farmers Insurance to layoff 2,400 staff across entire business

Farmers Insurance to layoff 2,400 staff across entire business

The employees getting laid off represent about 11% of the insurance provider's staff.

August 30
Home affordability is the worst it has been in nearly 40 years, study shows

Home affordability is the worst it has been in nearly 40 years, study shows

U.S. home prices recently faced their sharpest rise since November.

August 29
Popular summer vacation destinations across US see uptick in vacancies

Popular summer vacation destinations across US see uptick in vacancies

Vacation hotspots across the country saw vacancy rates as high as 20% this summer

August 28
Home prices will rise in 2023 as affordability crisis worsens, Goldman says

Home prices will rise in 2023 as affordability crisis worsens, Goldman says

Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage

August 28
Federal Reserve signals potential interest rate hikes to sustain strong US economy

Federal Reserve signals potential interest rate hikes to sustain strong US economy

The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said.

August 26
Survey: Gen Z, millennial couples say it's too expensive to get married

Survey: Gen Z, millennial couples say it's too expensive to get married

More Gen Z and millennials are saying “I do…not."

August 22
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Trending

Nationwide emergency alert test planned for Oct. 4

Nationwide emergency alert test planned for Oct. 4

Spotify introduces Jam, letting everyone play DJ at the next party

Spotify introduces Jam, letting everyone play DJ at the next party

How a government shutdown will affect veterans

How a government shutdown will affect veterans

This weekend’s college football on FOX: Colorado hosts No. 8 USC in Pac-12 showdown highlighting doubleheader

This weekend’s college football on FOX: Colorado hosts No. 8 USC in Pac-12 showdown highlighting doubleheader

Witness to 1996 shooting of Tupac Shakur in Las Vegas indicted on murder charge

Witness to 1996 shooting of Tupac Shakur in Las Vegas indicted on murder charge

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