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The federal debt passed an uncomfortable milestone this year, outgrowing the entire U.S. economy. That poses risks, but policymakers show little sign of addressing it.
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From energy markets to everyday prices, the fallout from the Iran war is reshaping the global economy.
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NPR's Steve Inskeep asks business news analyst Jill Schlesinger how high oil and gas prices from the Iran war affect consumer budgets.
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The U.S. economy grew at an annual pace of 2% in the first three months of the year. That's an improvement from the previous quarter. But soaring energy prices could put a damper on growth.
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The closure of the Strait of Hormuz has sent global energy prices skyrocketing as supply chains fail. -
Gas prices are hitting record highs for the year, driven by refinery issues in the northern U.S. and the still-closed Strait of Hormuz.
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Gas prices are at their highest since the war with Iran began.
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The U.S. economy revved up in the first three months of the year, despite a spike in energy prices caused by the war with Iran. -
Summer road trip season is near, and AAA Carolinas says gas prices continue trending upward. That's creating a bigger interest in electric vehicles, but there's lots to consider before making a purchase. -
Spirit Airlines helped pioneer ultra-cheap flying and soared. Then legacy airlines copied them, outmaneuvered them with loyalty programs, and the economy turned against their core customers. -
The Federal Reserve voted to hold interest rates steady, at what's likely Jerome Powell's last meeting as Fed chair. Kevin Warsh looks set to replace Powell next month.
