The Latest Breaking News on Economy

WASHINGTON — Lifting the statutory debt ceiling is set to dominate this year’s budget agenda. Republicans first need to agree among themselves on what to ask for in exchange.

It was fun while it lasted. But 2023 will be the year that reality comes back to the California budget.

Although inflation eased further in December, the Fed will likely go ahead with its interest rate hikes this year, keeping the economy and the stock market under pressure. So, it could be wise to unload fundamentally weak stocks Roblox (RBLX), Tellurian (TELL), and Avaya Holdings (AVYA). Let’s discuss….

IFS says pay erosion helps explain why traditionally moderate teaching unions are considering strike action

MUMBAI: The forthcoming budget -- the last full budget of the present government ahead of the general elections to be held in mid-2024 -- will be more rural- and infra-focused, said a foreign brokerage.

For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging

With the Fed expected to keep rates higher throughout this year, the odds of the economy tipping into a recession are rising. Amid ongoing macroeconomic uncertainties, investors may consider buying companies with reliable performance over the years for solid long-term returns. To that end, Pfizer (PFE), Johnson & Johnson (JNJ),…

SACRAMENTO, Calif. — Facing a projected $22.5 billion budget deficit in the upcoming fiscal year, Gov. Gavin Newsom on Tuesday announced plans to reduce investments in the state’s move to zero-emission vehicles, make cuts to other climate change programs and delay funding for 20,000 new child-care slots as California transitions…

The world is teetering on the brink of recession — the first time in more than 80 years that two global recessions have occurred within the same decade,

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warns

Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and war