US Economy

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden. The House approved the bill over solid Republican opposition Friday, five days after the Senate did the same. The vote means a win for Biden that until late July seemed out of reach. The package is much smaller than Biden’s...

Air travelers are finally getting a break on fares.

NBC 6’s Alina Machado reports on the latest inflation number as it shows another big jump in prices over the year.

Inflation may finally be cooling, thanks to falling gasoline prices and fading supply chain issues.

Defying anxiety about a possible recession and raging inflation, America’s employers added a surprising 528,000 jobs last month.

Senate Democrats say they have reached an accord on changes to their marquee economic legislation, clearing the major hurdle to pushing one of President Joe Biden’s leading election-year priorities through the chamber in coming days. Arizona Sen. Kyrsten Sinema, a centrist who was seen as the pivotal vote, says she is ready to “move forward” on the bill. Senate Majority...

Are we in a recession or are not? If not, is one on the way? CNBC’s Emily Lorsch breaks down both sides of the argument and why it’s debatable.

This back-to-school shopping season, parents are focusing on the basics while also trading down to cheaper stores as surging inflation takes a toll on their household budgets.

The Chips and Science Act includes more than $52 billion in funding for U.S. companies producing computer chips, among other provisions.

Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve

The United States’ ongoing labor shortage is bad for employers but presents an opportunity for workers who often could not find jobs in rosier economic times: ex-prisoners.

With gas prices at historic highs, the Biden administration and Democratic lawmakers are considering giving drivers a break on federal gas taxes.

The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings...

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings...

NBC 6’s Hilary Lane explains the latest inflation report showing inflation at a 40-year high.

The Social Security trust fund will be able to pay out benefits for a year longer than prior estimates, the Treasury Department said.

The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price jump comes amid higher crude oil costs and tight gasoline supplies. The average price at the pump is $1.61 higher than it was one year ago. Nationwide, the…

Wholesale vehicle prices have dropped 6.4% since the January record.

U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in the technology-led sell-off.