Financial markets are still betting that Congress and the White House will strike a deal. But the uncertainty alone is having consequences.
Category: United States Economy
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Inflation Persists and Car Prices Are a Big Reason
Prices of new and used vehicles were supposed to recede quickly as supply chain problems dissipated. The market had other ideas.
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The Fed Chair Says Inflation Remains Too High
The Fed chair said that it would take “some time” for inflation to moderate and that the central bank would continue to look at data as it considers whether to raise rates next month.
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When Will the U.S. Run Out of Cash? The Answer Is Complicated.
The federal government is essentially living paycheck to paycheck, making the X-date hard to pin down.
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Walmart Raises Its Outlook as Shoppers Look for Bargains
The retailer reported revenue that beat expectations and said it expected net sales to rise 3.5 percent for the year.
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Robert E. Lucas Jr., Nobel-Winning Conservative Economist, Dies at 85
Challenging the theories of John Maynard Keynes, he questioned the idea that government intervention could help steer the economy.
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For Biden, Debt Limit Crisis Complicates Trip to Asia
Volatility has become the new norm in Washington as the president heads to Japan, where he will reassure world leaders that the debt ceiling showdown will not upend the global economy.
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Biden Vetoes Legislation That Would Reinstate Tariffs on Some Solar Panels
President Biden announced a two-year pause on the tariffs last year after importers complained that the penalties would threaten broader adoption of solar energy in the United States.
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The Week in Business: Trump on TV
Inflation continues to slow. Elon Musk says he’s found a new C.E.O. for Twitter. And there will be a pair of Senate hearings on the banking crisis.