by Ananya Chag | Oct 23, 2024 | Business, Featured
WASHINGTON — The International Monetary Fund projected global public debt to exceed $100 trillion by the end of 2024 in its bi-annual Fiscal Monitor report, released Wednesday at the Annual Meetings of the World Bank and the IMF. “Public debt may be worse than it...
by Ananya Chag and Heather Zhu | Oct 22, 2024 | Business, Featured, Topics
WASHINGTON — Treasury Secretary Janet Yellen said that the U.S. is finalizing a $20 billion contribution to G7’s $50 billion loan to Ukraine in remarks on Tuesday. “We’re 99% of the way there,” Yellen said at a Treasury press conference, starting off the World Bank...
by Hannah Webster | Oct 22, 2024 | Business, Featured, Topics
WASHINGTON — The International Monetary Fund nudged its growth forecast for the United States upward Tuesday, amid steady economic growth and a global dip in inflation. The latest World Economic Outlook, released during the IMF annual meeting, projected the U.S....
by Ananya Chag and Heather Zhu | Oct 17, 2024 | Business, Featured
WASHINGTON — Treasury Secretary Janet Yellen emphasized the need for the U.S. to maintain healthy economic global relations and warned against former President Trump’s proposed tariffs on Thursday at the Council on Foreign Relations in New York. “Calls for walling...
by Caroline Killilea | Oct 15, 2024 | Business, Featured
WASHINGTON – Supreme Court Justices appeared receptive to broadening the scope of civil Racketeer Influenced and Corrupt Organizations (RICO) cases during oral arguments for Medical Marijuana, Inc. v. Horn on Tuesday. The justices seemed likely to side with Daniel...
by Hannah Webster | Oct 15, 2024 | Business, Featured
WASHINGTON — Federal Reserve Governor Christopher Waller credited the Shadow Open Market Committee for “[elevating] the public debate about monetary policy” and added to the consideration of monetary policy rules, in a keynote address at the group’s 50th anniversary...
by Ananya Chag and Hannah Webster | Oct 8, 2024 | Business, Campaign 2024, Featured
WASHINGTON – Former President Donald Trump is endorsing a new crypto venture, fortifying his support for digital currency, which has evolved into a key campaign stance. The decentralized finance platform, World Liberty Financial, is founded by longtime crypto...
by Heather Zhu | Oct 8, 2024 | Business, Featured
WASHINGTON – The U.S. Supreme Court heard oral arguments Monday in a case that could significantly impact when federal courts can retain jurisdiction over cases after plaintiffs amend their complaints to remove federal claims, with major implications for businesses...
by Hannah Webster | Oct 8, 2024 | Business, Featured, Topics
WASHINGTON – The U.S. economy added 254,000 jobs in September, the United States Bureau of Labor Statistics (BLS) reported Friday. The report dramatically surpassed economists’ projections; the Dow Jones consensus forecast, for instance, predicted a gain of only...
by Alicia Tang | Mar 27, 2024 | Business, Featured
WASHINGTON — “Money comes & goes, but I’ll never be in my 20’s again.” Meet the generation that has opened their wallets to this TikTok trend. They’d rather spend money now than invest for retirement or write monthly budgets. Generation Z demonstrates the lowest...
by Annastazia Ng'ambi | Mar 14, 2024 | Business, Featured
WASHINGTON — Sen. Bernie Sanders (I-Vt.) is calling on Congress to press for a 32-hour workweek without any loss in pay, noting that Americans are working longer hours than people of any other wealthy nation even with the advancement of technology. “Despite these long...
by Charlotte Ehrlich | Mar 12, 2024 | Business, Featured
WASHINGTON — President Biden boasted his administration’s infrastructure investments — with an emphasis on clean energy projects — in his State of the Union address to the nation Thursday evening. In his opening remarks about the economy, Biden noted his...
