ECONOMY

Economy

U.S. Credit Card Debt Hits All-Time High, And Overdue Payments Rise For Young People

4:53pm February 13, 2020

by Chris Arnold

Credit card debt hit a new all-time high and delinquencies are rising sharply for younger people. Fortunately, most Americans are in much more solid financial shape than before the Great Recession.

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Fed Nominee Judy Shelton Faces Intense Questioning In Senate Committee

4:18pm February 13, 2020

by Scott Horsley

One of President Trump's nominees to the Federal Reserve board of governors fielded tough questioning at her confirmation hearing Thursday. Judy Shelton has drawn criticism even from GOP senators.

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President Trump's proposed budget projects federal deficits until 2035.

Whither The Deficit Hawk: Changing Attitudes On Budget Red Ink Among The GOP

5:41pm February 11, 2020

by Audie Cornish

William Hoagland, who for years helped shape GOP budget policy, says the public just doesn't see rising deficits as a major issue at a time when the economy is doing well.

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Coronavirus Affects Bottom Line For Businesses In U.S. Chinatowns

6:31am February 11, 2020

by Adrian Ma

The coronavirus outbreak is creating turmoil for businesses — and not just those in China. In some Chinatowns in the U.S., many business owners say the normal flow of customers has evaporated.

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Economy

Amid Coronavirus Scare, Taking The Temperature Of The U.S. Economy

6:18am February 11, 2020

President Trump's proposed budget forecasts economic growth. NPR's David Greene talks to David Wessel, director of the Hutchins Center at the Brookings Institution, about the U.S. economy.

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Economy

Tariffs On Nails Seek To Remedy Issues Caused By Earlier Tariffs

5:15pm February 09, 2020

by Scott Horsley

The Trump administration is imposing new tariffs this weekend on certain imported products made from steel and aluminum. The move is designed to clean up a problem created by earlier tariffs.

Unusually warm weather contributed to a surge in construction last month, with 44,000 jobs added.

Hiring Picks Up As Employers Add 225,000 Jobs In January

12:38pm February 07, 2020

by Scott Horsley

U.S. employers added more jobs than expected last month, while the unemployment rate inched up to 3.6%. Unusually warm weather contributed to job gains for construction workers.

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China Will Cut Tariffs In Half On $75 Billion Of U.S. Products

5:25pm February 06, 2020

by Bill Chappell

The reduced tariffs are to take effect next Feb. 14. The move comes after the Trump administration agreed to halve tariffs on about $112 billion in Chinese goods.

The New Coronavirus Is Affecting Chinese Factories — And The Global Supply Chain

5:00pm February 06, 2020

Many Chinese factories are hoping to reopen next week, but it's not clear they'll have the workers they need amid the ongoing coronavirus outbreak. That could have effects for U.S. manufacturers.

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South Korea Aims To Minimize Economic Damage From Coronavirus

7:28am February 06, 2020

by Anthony Kuhn

The coronavirus outbreak is disrupting supply chains in China which service international businesses. The economic impact of the virus is significant.

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