U.S. Economy

Yellen Says High Inflation Will Stick Around All Year

Treasury Secretary Janet Yellen said Sunday that high inflation would persist for the remainder of 2022 and that, while she expects the U.S. economy...

Target Battles Plummeting Profits and Ballooning Inventory by Offering Rare Discounts on Clearance Merchandise

Target has started offering discounts to clear out excess items from its inventory.

Biden Admin’s Reversal of Trump’s Deregulation Is Hurting Economy, Experts Say

The Biden administration’s dramatic expansion of the role of the federal government in business, banking, and society, and sharp break from the deregulatory approach of the Trump presidency

Americans Think U.S. Economy Is More Important than Russia-Ukraine Conflict

51% of Americans say economy is bigger concern than Russia-Ukraine conflict.

WEF Speaker: Nations Need to ‘Accept’ the ‘Pain’ of Global Transition (Video)

"We need to accept that there will be some pain in the process," says Davos speaker.

U.S. Economy May Outpace China’s, a 50-Year First

China's ongoing COVID lockdown said to be cause of economic slowdown.

Rand Paul Blocks $40 Billion Ukraine Package (Watch)

“We cannot save Ukraine by dooming the U.S. economy.”

Trade Deficit Soars Over $100 Billion for the First Time Ever

The U.S. trade deficit rose an astonishing 22 percent in March to $109.8 billion as prices of oil and imported products rose due to soaring inflation, according to data released Friday by the Census Bureau and the Bureau of Economic Analysis.

U.S. Economy Shrinks by 1.4%: Recession Fears

Inflation at 40-year high.

‘It Basically Just Dropped off a Cliff’: Analysts Fear Major Trucking Downturn Spells Doom for Us Economy

The U.S. trucking industry has suffered a dramatic downturn in recent months and financial analysts are worried the bad news is a presage of widespread economic trouble.

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