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.
Economy
Biden holds high stakes debt ceiling talks that include GOP leaders
President Biden is meeting with congressional leaders on Tuesday, in what is seen as the first step toward negotiations over raising the debt ceiling.
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.
A look at Biden and McCarthy's relationship ahead of their debt ceiling meeting
President Biden and Speaker Kevin McCarthy have a pivotal meeting on the debt ceiling on Tuesday. Here's a look at their relationship.
What happens if the government defaults? A former Federal Reserve economist explains
NPR's Sacha Pfeiffer talks with former Federal Reserve economist Claudia Sahm about how a government default would impact everyday life for Americans.
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.
The Federal Home Loan Bank system may need an update after 90 years
Unsung hero of the financial system or enabler of troubled banks? The Federal Home Loan Bank system was created to support homeownership, but also loaned billions to failing banks like First Republic.
U.S. employers added more jobs than expected in April
U.S. employers added 253,000 jobs in April — more than forecasters were expecting. The unemployment rate dipped to 3.4%, matching the lowest level in more than half a century.
In a surprise, the job market grew strongly in April despite high interest rates
The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.
U.S. employers added 253,000 jobs in April, Labor Department reports
The jobs figure is significantly higher than most forecasters expected. But the outlook for the labor market remains uncertain due to banking turmoil and rising interest rates.