Weeks after the collapse of Silicon Valley Bank, lenders are getting stingier about making loans. That makes it harder for businesses trying to grow and – and it raises the risk of recession.
When banks are under financial stress, where do they turn for help? Many go to the Federal Reserve, which, through its discount window, serves as a "lender of last resort" for banks.
Biden administration stimulus money pledged billions in funding for public works projects across the U.S. But contractors say they can't find enough workers to fix all the roads and bridges.
Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worldwide inflation.
Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.
A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse
Voters hate bank bailouts. But letting them fail without a safety net for customers could have been even worse for President Biden ahead of the 2024 presidential race.
Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.
The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.
Poverty, by America author Matthew Desmond says if the top 1% of Americans paid the taxes they owed, it would raise $175 billion each year: "That is just about enough to pull everyone out of poverty."