Duke University economists warn high prices aren't going away anytime soon
Several economists from Duke University are outlining the impacts of inflation.
Economy
Some economists say cutting gas taxes would have minimal benefits for consumers
President Biden wants to cut federal gasoline taxes for three months. NPR's Leila Fadel talks to economist Allison Schrager of the Manhattan Institute about alternatives to curbing gas prices.
Tens of millions of Americans are making painful sacrifices due to health care debt
More than a 100 million people in the U.S. are burdened by medical debt. An investigation by NPR and Kaiser Health shows the painful sacrifices many are making to pay their medical and dental bills.
High gas prices are hurting small businesses that need big vehicles
The high pump prices are hurting small businesses, like landscapers, plumbers and carpet cleaners who often rely on gas guzzling vehicles to serve their customers.
Biden wants a gas tax holiday. Some economists say that's a bad idea
Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump — and could hurt efforts to curb inflation.
Marilynn Malerba could soon be the first Native American to serve as U.S. treasurer
Malerba, the lifetime chief of the Mohegan Indian Tribe, would be the first Native woman to have her signature on U.S. currency. She'd also lead the Treasury's new Office of Tribal and Native Affairs.
Powell says recession 'a possibility' but not likely
Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.
Federal Reserve Chair Jerome Powell will testify before 2 congressional panels
NPR's Leila Fadel talks to Stephen Cecchetti, professor of international finance at Brandeis University, for a preview of Powell's testimony which follows the Fed's biggest rate hike since 1994.
News brief: gun legislation, Powell on Capitol Hill, 4th House Jan. 6 hearing
Senators reach a bipartisan deal on a gun safety bill. Fed chairman will testify before two congressional panels this week. Jan. 6 hearing shows how Trump pressured state officials on election tally.
Fed chairman will testify before a pair of Congressional committees this week
Federal Reserve Chairman Powell answers questions from a Senate committee Wednesday. He's sure to be asked about inflation and possible fallout from the Fed's efforts to bring prices under control.