The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year.
Consumer prices continued to climb in October as the pace of overall inflation held at the level hit a month earlier and underlying inflation excluding food and fuel slowed.
White House climate envoy John Kerry announced Wednesday that the Biden administration and environmental nonprofits are creating a financial framework that will allow corporations to offset their emissions by buying “carbon credits” from developing nations.
The Federal Reserve launched another sortie against the fastest inflation in four decades on Wednesday, approving the fourth straight supersized rate increase and signaling more increases were likely in the months ahead.
The White House amplified multiple grocery stores and pharmacy chains’ offers to provide $20 vouchers for Americans who get another dose of the COVID-19 vaccine.
