Economy

Saule Omarova testifies before the Senate Banking Committee on Nov. 18 during her nomination hearing to head the Office of the Comptroller of the Currency. Days after withdrawing her nomination, Omarova blamed banks for leading the opposition against her

Saule Omarova gets candid: Banks sank her nomination to become a key regulator

9:06pm December 13, 2021

by David Gura

Days after withdrawing her nomination to become a key banking regulator, Omarova blames banks for distorting her research and creating an ugly environment.

Economy

Inflation is hitting people hard, but some workers are seeing higher wages

6:25am December 13, 2021

As inflation climbs, Americans could get their biggest raises in over a decade. NPR's Rachel Martin talks to Chief Economist for the Conference Board Dana Peterson about what's driving the increases.

Economy

Consumer prices rose by 6.8% last month, the highest jump in inflation in 4 decades

9:58am December 12, 2021

by Don Gonyea

Don Gonyea talks with Mark Wolfe of the National Energy Assistance Directors Association about how inflation is affecting low income Americans.

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The US is seeing the worst monthly inflation numbers in 40 years

9:25am December 11, 2021

by Scott Detrow

Inflation is at its highest level since President Ronald Reagan was in office, and that's a big political problem for President Biden and the Democratic party.

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Higher costing meat and drinks on the menu at Cameron Mitchell Restaurants, which runs 60 dining outlets across the country — from high-end steakhouses to Molly Woo's Asian Bistro and El Segundo Mexican Kitchen.

Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades

6:35pm December 10, 2021

by Scott Horsley

Businesses across the country, from restaurants to retail, must decide when, not if, to raises prices and by how much.

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Kellogg's Cereal plant workers demonstrate in front of the Kellogg's Cereal Plant on Oct. 7, 2021 in Battle Creek, Mich. Workers at Kellogg's cereal plants are striking over the loss of premium health care, holiday and vacation pay, and reduced retirement

Redditors are spamming Kellogg's job portal in solidarity with its striking workers

5:45pm December 10, 2021

by Jonathan Franklin

Temporary employees have been working at cereal plants across Michigan, Nebraska, Pennsylvania and Tennessee since the strike began in October.

Consumer prices were up 6.8% in November — the highest inflation in nearly 4 decades

4:24pm December 10, 2021

by Scott Horsley

Rent costs more this year. So does wrapping paper. Consumer prices overall were up 6.8% in November. That's the highest level of inflation since 1982.

President Biden walks to Marine One outside the White House on Dec. 2.

Biden pledged to forgive $10,000 in student loan debt. Here's what he's done so far

7:34pm December 07, 2021

by Cory Turner

President Biden provided hundreds of thousands of borrowers with debt relief this year — but his campaign promise to cancel at least $10,000 of student debt per person remains unfulfilled.

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Saule Omarova addresses the Senate Banking Committee during her nomination hearing on Nov. 18 to head the Office of the Comptroller of the Currency. Omarova withdrew her nomination on Tuesday after facing opposition from Republicans and some moderate Demo

Biden's pick to become a key banking regulator withdraws after ugly nomination fight

6:48pm December 07, 2021

by David Gura

Saule Omarova has withdrawn her nomination to head the Office of the Comptroller of the Currency after an ugly, and at times, incredibly personal, fight to be confirmed.

Why is the Biden administration increasing the cost of building houses?

6:30am December 07, 2021

by Greg Rosalsky

The Biden administration has doubled duties on lumber imported from Canada. Critics argue it hurts the goal of affordable housing.