Economy

Economy

The debt ceiling deal that was passed last week poses new challenges for the economy

10:26am June 10, 2023

by Scott Simon

NPR's Scott Simon speaks to economist Betsey Stevenson of the University of Michigan about the challenges facing the economy following last week's debt ceiling deal.

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President Joe Biden and members of the military

As Biden visits renamed N.C. military base, DeSantis slams 'political correctness run amok'

9:20am June 10, 2023

by Associated Press

President Joe Biden traveled to the recently renamed Fort Liberty in North Carolina on Friday to sign an executive order that aims to bolster job opportunities for military and veteran spouses whose careers are often disrupted by their loved ones' deployments.

What California's homelessness crisis looks like in the resort city of Palm Springs

4:43pm June 09, 2023

by Anna Scott

California's homelessness crisis has hit the desert resort city of Palm Springs. The area has seen a huge increase in homelessness since 2020. City leaders are struggling to come up with solutions.

Customers arrive for the dinner service at Wool Growers, a 67-year-old Basque restaurant in House Speaker Kevin McCarthy's district. The Republican leader is facing opposition from within his own party, but back home, some constituents are praising his performance under tough circumstances.

Kevin McCarthy survived his first political battle. This is how his hometown reacted

11:44am June 09, 2023

by Joshua Yeager

The debt ceiling debate ultimately ended with a deal between congressional Republicans and the White House. In Bakersfield, Calif., Speaker Kevin McCarthy's constituents watched the debate unfold.

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Plans unveiled for Battleground Entertainment District in Greensboro

4:28pm June 07, 2023

by David Ford

Economic revitalization plans for Greensboro were unveiled this week for the proposed Battleground Entertainment District.

Eggs are on display at a Sprouts grocery store on April 12 in San Rafael, Calif.

Sky-high egg prices are finally coming back down to earth

10:34am June 06, 2023

by Joe Hernandez

The industry is recovering from a massive bird flu outbreak and high inflation rates, but prices may not fall to what they once were.

KOUILOU, CONGO: A picture taken 09 February 2005 shows chimpanzees in the Conkouati Douli national park, in the Kouilou region, southeastern Congo Brazzaville. AFP PHOTO DESIREY MINKOH (Photo credit should read DESIREY MINKOH/AFP via Getty Images)

Chimp Empire and the economics of chimpanzees

6:30am June 06, 2023

by Greg Rosalsky

A new Netflix docuseries provides a fascinating picture of humanity's closest living relatives.

John B. Chambers is the former deputy head of the Sovereign Debt Ratings Group and former chairman of the Sovereign Debt Committee at Standard and Poor's. The ratings agency in 2011 made a major decision to strip away the country's AAA rating.

Economy

He took away the country's top AAA rating in 2011. He ended up fearing for his life

5:00am June 05, 2023

by David Gura

John B. Chambers led the team at ratings agency S&p that decided to downgrade the country's AAA rating in 2011. It was a big decision, and it took a personal toll — but he has no regrets.

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Construction workers prepare steel for a crane at the site of JPMorgan Chase's new headquarters in New York City on May 18, 2023. Builders added jobs this month despite the headwinds from higher interest rates. It was another indication of the country's strong job market.

Economy

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know

6:01am June 03, 2023

by Scott Horsley

Employers added a whopping 339,000 jobs last month, a stunningly strong number. Here are some of the key takeaways of the country's red hot labor market.

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Traditionally very safe, money market funds may no longer be as reliable

5:11pm June 02, 2023

Billions of dollars have flowed from traditional banks to money market funds in search of higher returns. These funds are supposed to be safe. But lately, things have been looking a little shaky.