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Articles on US economy

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Speaker Kevin McCarthy said the House would vote on a debt ceiling bill ‘within weeks.’ AP Photo/Seth Wenig

Speaker McCarthy lays out initial cards in debt ceiling debate: 5 essential reads on why it’s a high-stakes game

House Speaker Kevin McCarthy agreed to raise the debt ceiling – and avoid an unprecedented US default – but only if Democrats agree to freeze spending and agree to several other demands.
Fed chair Jerome Powell opted for a cautious approach on rates. Alex Wong/Getty Images

Federal Reserve bows to bank-crisis fears with quarter-point rate hike, letting up a little in its fight against inflation

The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
Life is more normal now than it has been in years, as people do away with masks and social distancing. Stefan Tomic/E+ via Getty Images

Is the pandemic over? We asked an economist, an education expert and a public health scholar their views

President Joe Biden’s suggestion that the COVID-19 pandemic is over has led to a backlash among some experts who suggest the comment is premature – and counterproductive.

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