In the 1990s, reformers adopted a radical economic program in Russia. It devastated ordinary Russians and created a new class of oligarchs. And it explains the rise of Putin and the leader he is today
The Biden administration is encouraging U.S. oil companies to increase their production to help curb record-high gasoline prices. Turns out, however, that boosting output is easier said than done.
It's getting more expensive to borrow money, with rates on mortgages, car loans and credit cards heading higher. Here's where you're likely to feel the impact and what you can do about it.
Gasoline prices hit record highs last week, so politicians in both parties proposed suspending state and federal gas taxes. But some warn such tax "holidays" may cut funding for needed road repairs.
The central bank raises its benchmark rate by a quarter percentage point in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.
The country is in the midst of a job crisis. The rate of unemployment is about 13% among educated youth. Those who work in the informal sector vie for jobs with no security. Why are things so bad?
Biden's pick to be the Fed's top bank regulator has withdrawn her nomination. She attracted Republican opposition after calling on bank regulators to monitor the financial risks from climate change.
It took women working year round full-time jobs 74 extra days to earn what men did in 2021. And the data is worse for women of color, who are disproportionately employed in low-wage jobs.
Russia's foreign ministry said Russia would sanction President Biden and members of his administration, banning them from entering Russia. It says the move is retaliation for U.S. sanctions.
The U.K. announced new economic sanctions against Russia and sanctioned more oligarchs and politicians. Government officials say they've designated more than 1,000 entities since the invasion began.