The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.
The U.S. came dangerously close to defaulting on its debt in 2011. Jack Lew, chief of staff and then treasury secretary under President Obama, offers some advice to the current administration.
Unions representing nurses say the findings from the latest AMN Healthcare survey are not a surprise. The nurses unions have long warned about problems facing the profession.
Businesses like Cook Medical in Indiana say the housing shortage makes it harder to recruit and keep middle-income workers. Now, more companies are building places for employees to rent or even buy.
Treasury Secretary Janet Yellen warned lawmakers that unless the debt ceiling is raised soon, the federal government may not have enough money to pay its bills as early as June 1.
Study after study shows women seen as overweight or obese often earn less at the workplace, an unfair bias that's been hard to reverse. However, men don't seem to face that penalty.
The Federal Reserve says its own light-touch approach to bank regulation is partly to blame for the collapse of Silicon Valley Bank last month, and it promised more vigorous oversight in the future.
House Republicans narrowly passed a bill linking a debt ceiling raise to spending cuts, which Biden says he would veto. A political historian explains why he may have to make some concessions.
The Fed chairperson was tricked into an extended phone call in January with Russian pranksters posing as Ukraine's president, during which the discussion focused on the impact of interest rate hikes.
The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.