Economy

President Joe Biden and Speaker of the House Kevin McCarthy walk outside the U.S. Capitol at a Saint Patrick's Day event in March. The two haven't discussed the debt ceiling since February.

Republicans hope McCarthy's bill gives him leverage in debt ceiling standoff

11:17am April 28, 2023

by Rachel Treisman

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.

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Economy

Economic growth in the U.S. is slowing down. Are we headed for a recession?

7:22am April 28, 2023

NPR's Michel Martin talks to former Federal Reserve governor Claudia Sahm about who's feeling the biggest pinch of high inflation and rising interest rates, and what the Fed might do next.

Federal Reserve Chairman Jerome Powell arrives for the plenary of the International Monetary and Financial Committee (IMFC) meeting, during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Friday, April 14, 2023.

Pranksters posing as Ukraine's president tricked the Fed chair into a phone call

1:43am April 28, 2023

by The Associated Press

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.

Families grapple with rising college costs

6:07pm April 27, 2023

by Elissa Nadworny

As college tuition continues to rise, families are trying to figure out where their kids will go to college and how they'll pay for it.

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Economic growth slowed the first three months of the year

4:43pm April 27, 2023

by Scott Horsley

Economic growth slowed in the first three months of 2023. The Commerce Department said that gross domestic product grew at an annual rate of 1.1% in the first quarter — down from 2.6% in late 2022.

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What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report

4:19pm April 27, 2023

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.

A customer waits to order food at a Miami McDonald's on July 26, 2022. The CEO of McDonald's expects the U.S. to experience a mild recession and says customers have grown more reluctant to splurge on or supersize their orders.

Economy

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

8:43am April 27, 2023

by Scott Horsley

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

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House of Representatives narrowly approves Republican bill to raise debt limit

10:12pm April 26, 2023

by Deirdre Walsh

The House of Representatives narrowly approved a Republican bill that links avoiding a default with enacting spending cuts and several GOP policies rolling back several of President Biden's policies.

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How private equity firms are widening the income gap in the U.S.

1:35pm April 26, 2023

by Terry Gross

Financial journalist Gretchen Morgenson explains how private equity firms buy out companies, then lay off employees and cut costs in order to expand profits. Her new book is These are the Plunderers.

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As of March 2023, there were 316,000 job openings in tech, according to the nonprofit IT association CompTIA. Despite mass layoffs in Silicon Valley, tech jobs remain plentiful.

Economy

Need a job? Tech remains a good bet despite mass layoffs in Silicon Valley

12:56pm April 26, 2023

by Andrea Hsu

The number of openings in the technology field is still high, and tech jobs continue to be attractive to workers looking for stable, lucrative careers.

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