Economy

Wall Street veteran Ajay Banga is nominated to head the World Bank

5:54pm March 07, 2023

by Jackie Northam

The U.S. has nominated Ajay Banga to head the World Bank. A naturalized American, Banga has decades of experience in finance but faces major challenges at the multilateral lending institution.

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Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, D.C., on Tuesday. Powell warned the fight against inflation still has "a long way to go," sending stock markets lower.

Federal Reserve Chair Jerome Powell warns inflation fight will be long and bumpy

4:06pm March 07, 2023

by Scott Horsley

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, sending stock markets sharply lower.

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President Biden speaks to the International Association of Fire Fighters at a conference in Washington on March 6, 2023.

Biden says his budget plan would extend Medicare to 2050 without adding to the deficit

12:02pm March 07, 2023

by Deepa Shivaram

President Biden is proposing to raise taxes on people who make more than $400,000 per year to make sure there's enough money for Medicare.

Economy

Senate Banking Committee to question Fed Chair about interest rates, economy

8:15am March 07, 2023

Federal Chairman Jerome Powell testifies before a Senate committee Tuesday morning. He'll likely be asked about the Fed's effort to curb inflation and how much higher interest rates are likely to go.

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Morning news brief

8:12am March 07, 2023

Florida's Republican-dominated legislature kicks off its 2023 session. Federal Reserve Chairman Jerome Powell testifies before a Senate committee. French workers strike to protest pension reforms.

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Why we usually can't tell when a review is fake

6:30am March 07, 2023

by Paddy Hirsch

Is that review real or fake? Most of us can't tell

Economy

In a tight housing market, millennials and boomers are in competition

5:10am March 07, 2023

by Arezou Rezvani

Millennials are in their peak home-buying years while many baby boomers are downsizing or buying second homes. With inventory at an all-time low, young and old often compete for the same homes.

Marcus and Allyson Ward were paying off a debt dating back to the birth of their twins, Theo and Milo. They are among 100 million Americans with medical debt, according to a KHN/NPR investigation.

Medical debt affects millions, and advocates push IRS, consumer agency for relief

5:00am March 07, 2023

by Noam Levey

More than 50 consumer and patient groups want the Biden Administration to aggressively protect Americans from medical bills and debt collectors. The effort follows a KHN/NPR investigation.

Evan Drellich's new book sheds light on the Houston Astros cheating scandal

5:30am March 06, 2023

NPR's A Martinez talks to Evan Drellich, a senior writer for The Athletic, who covered the Houston Astro's 2017 cheating scandal. His new book is called: Winning Fixes Everything.

Economy

A new movement is creating ways for low-income people to invest in real estate

9:55am March 05, 2023

by Deena Prichep

Low income people are often shut out the main way wealth is built in the U.S.: Real estate. But a new movement is creating ways for poorer people to invest in their own communities.

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