Economy2 years ago
US consumer spending surges in January as inflation heats up
US consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated.
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Economy2 years ago
Yellen warns about 'catastrophe' if Congress fails to raise debt limit
US Treasury Secretary Janet Yellen says “every responsible member of Congress” must agree to raise the debt ceiling.
Politics2 years ago
Record numbers of Americans worse off under Biden: Poll
Four in ten Americans say they are worse off financially since Joe Biden took office, a poll says.
Economy2 years ago
US retail sales post the biggest drop in 12 months
New data shows retail sales in the US fell for the second consecutive month in December, amid concerns that the country is headed for another recession.
Economy2 years ago
House Speaker says Democrats should cap spending to avoid US debt default
US House Speaker says Democrats would agree to cap government spending to avoid a US debt default.
Economy2 years ago
UK’s cost of living crisis: Third of adults find it difficult to cover extra £20
More than a third of UK citizens would find it difficult or impossible to find extra £20, a research shows.
Economy2 years ago
Bank of America economist: 2023 could be ‘difficult’ year for US
Bank of America chief economist Michael Gapen said the risk of the US economy falling into recession is high and that 2023 could be a difficult year for the country.
Politics2 years ago
Wary of nation's course, Americans expect unhappy 2023: Poll
A new survey says two-thirds of Americans are wary of their country’s course ahead of the New Year.
Economy3 years ago
A freight rail strike could cost US economy $1 billion in the first week
A US freight rail strike could cost the economy $1 billion in the first week of the strike, data shows.
Economy3 years ago
Bernie Sanders: Federal Reserve is hurting US economy
Independent Senator Bernie Sanders says the Federal Reserve System, which is the central banking system of the United States, is “hurting” the economy more than helping it.
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