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News Articles: Economy

FILE - Speaker of the House Kevin McCarthy, R-Calif., criticizes President Joe Biden's policies and efforts on the debt limit negotiations as he holds a news conference at the Capitol in Washington, Wednesday, May 17, 2023.

Tagged as: 

  • Politics

Slim majority wants debt ceiling raised without spending cuts, poll finds

Joe Biden and Republicans in Congress cannot agree on a path forward to avoid debt default even though Americans want to raise the debt ceiling without cutting spending, according to a new NPR poll.

May 23, 2023
|
By:
  • Domenico Montanaro
Damage from Hurricane Ian near Pine Island, Fla., in 2022. The storm caused at least $50 billion in insured damage.

Tagged as: 

  • Climate

Insurance firms need more climate change information. Scientists say they can help

Floods, wildfires, heat waves and hurricanes cause billions of dollars of property damage each year. Can federal climate scientists help the insurance industry keep up?

May 23, 2023
|
By:
  • Rebecca Hersher
GPB  NPR

Tagged as: 

  • Economy

How not lifting the debt ceiling could affect people, from veterans to homebuyers

Unless Congress and the White House reach a deal to raise the debt ceiling, real people could suffer, from service members to Social Security recipients to would-be homebuyers.

May 19, 2023
|
By:
  • Scott Horsley
GPB  NPR

Tagged as: 

  • Business

LA's housing crisis raises concerns that the Fashion District will get squeezed

Los Angeles is planning to add 100,000 new apartments downtown. Garment workers and others now fear L.A.'s Fashion District and its factories won't survive the city's downtown housing boom.

May 19, 2023
|
By:
  • David Wagner
While food prices have risen in many parts of the world, a dramatic jump in one of Italy's staple foods has prompted the government to take action.

Tagged as: 

  • Food

Soaring pasta prices caused a crisis in Italy. What can the U.S. learn from it?

Italian officials convened crisis talks last week to address the price of pasta, which was up a whopping 17.5% year-over-year in March. But it's far from the only country seeing a rise in food prices.

May 18, 2023
|
By:
  • Rachel Treisman
Here, the Internal Revenue Service building in Washington, on March 22, 2013. IRS Commissioner Danny Werfel acknowledged that Black taxpayers may be audited at higher rates than non-Black taxpayers.

Tagged as: 

  • Business

IRS chief says agency is 'deeply concerned' by higher audit rates for Black taxpayers

Findings from an internal investigation come after researchers said the IRS was at least three times more likely to audit Black taxpayers than other racial groups.

May 16, 2023
|
By:
  • Jonathan Franklin
The IRS is working on a plan that would allow taxpayers to file directly with the government online, but tax preparation companies plan stiff opposition.

Tagged as: 

  • Politics

The IRS is building its own online tax filing system. Tax-prep companies aren't happy

The IRS is working to develop its own free electronic tax-filing system in a potential challenge to commercial products such as TurboTax. The agency plans a pilot test of the program next year.

May 16, 2023
|
By:
  • Scott Horsley
The 777 Tower in downtown Los Angeles' financial district is one of two buildings that Brookfield, the city's largest office owner, defaulted on this year.

Tagged as: 

  • Business

A lot of offices are still empty — and it's becoming a major risk for the economy

The office property sector is in trouble as many workplaces remain empty, and that threatens to spark a number of economic problems, including more pain at the country's banks.

May 16, 2023
|
By:
  • Arezou Rezvani

Tagged as: 

  • Your Money

The case for financial literacy education

Financial literacy programs have been called useless in the past. But a new study suggests that's due to the way the subject is taught, rather than the subject itself.

May 16, 2023
|
By:
  • Paddy Hirsch
A man enters the New York Stock Exchange on Wall Street in New York City on Friday.

Tagged as: 

  • Business

What the debt ceiling standoff could mean for your retirement plans

Biden has warned that defaulting on the national debt "would devastate retirement accounts," among other things. The head of advice methodology at Vanguard wants people to remember the bigger picture.

May 15, 2023
|
By:
  • Rachel Treisman
GPB  NPR

Tagged as: 

  • Your Money

How a default on the debt ceiling would affect the average American

NPR's Ayesha Rascoe asks Samantha Sanders of the Economic Policy Institute how not raising the debt ceiling would affect the average American.

May 14, 2023
|
By:
  • Ayesha Rascoe
A customer shops for meat at a Safeway store in San Rafael, Calif., on April 12, 2023. Consumer prices eased slightly in April from the previous month but are still too high for the Fed's comfort.

Tagged as: 

  • Economy

Inflation stayed high last month, compounding the challenges facing the U.S. economy

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

May 10, 2023
|
By:
  • Scott Horsley

Tagged as: 

  • Economy

How gas prices have changed in Atlanta in the last week

Gas prices have been tumbling over the last three weeks as demand has dropped and fear of an approaching global recession has permeated oil markets.

May 09, 2023
|
By:
  • Rough Draft Atlanta

Tagged as: 

  • Economy

What if AI could rebuild the middle class?

We spoke with MIT's David Autor, one of the top labor economists in the world, about how AI could revolutionize the job market.

May 09, 2023
|
By:
  • Greg Rosalsky
Treasury Secretary Janet Yellen leaves a meeting on April 21. She warns that economic chaos will ensue if Congress doesn't raise the debt ceiling in the coming weeks.

Tagged as: 

  • Politics

Yellen warns of 'calamity' unless Congress raises the debt limit. What's the holdup?

The treasury secretary warns that the U.S. could default on its debt by June 1, with disastrous economic consequences. GOP Rep. Dusty Johnson explains why Republicans insist on adding conditions.

May 08, 2023
|
By:
  • Rachel Treisman
  • Load More

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