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Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook marketsBusiness live – latest updatesBritain’s long-term cost of borrowing has hit its highest level since 1998, as political instabil…
After David Brooks posted a photo of his burger and whiskey, many pointed out the cost of the drink probably pushed up the tabIn a social media post that would prove (ironically) costly, the conservative New York Times columnist David Brooks complained…
Conference fails to approve procedural motion to take up defense spending bill as government shutdown loomsThe House Republican speaker, Kevin McCarthy, was dealt his second humiliating defeat of the week on Thursday, when his conference again failed t…
Republican-controlled House and Democratic-led Senate have until start of October to avoid shutdownWith a possible partial US government shutdown looming in two weeks, Kevin McCarthy on Sunday said he would bring a defense spending bill to a vote “win …
Despite a strong economy, an exclusive Guardian poll shows mistrust in media and government means disbelief in both partiesAmericans do not trust the government’s economic news – or the media’s reporting of it – according to a Harris poll conducted exc…
Growth in prices still remains far below the decades-high inflation rates that were seen last summer, when rate peaked at 9.1% in JuneUS inflation in August rose for the first time since June 2022, rising to 3.7% as a sharp increase in energy prices pu…
Number of new jobs matches July’s total, reflecting resilience of labor market even with high interest ratesThe US jobs market is holding steady as interest rates sit at a 22-year high, with US employers adding 187,000 jobs in August, according to the …
Joe Biden taps C Kirabo Jackson, a labor economist known for research on economics and education, for CEA roleJoe Biden is tapping C Kirabo Jackson, a labor economist whose research advocates robust public spending on schools, to fill out the president…
Figure is less than expected in first jobs report since Fed raised interest rate to 22-year highUS employers added 187,000 jobs in July, less than expected and a sign that the labor market is cooling after a series of interest rate hikes by the Federal…
Survey finds 53% of Americans think addressing climate crisis should be given priority but 72% of Republicans say otherwiseAlmost three-quarters of US Republican voters think the economy should be given priority in domestic policy, even at the risk of …