States weigh charging by the mile as fuel taxes plummet
States have relied on gas taxes for more than a century to maintain the nation's roads
Biden vows to bring high-speed internet access to all Americans by 2030
President Joe Biden says high-speed internet is no longer a luxury but rather an “absolute necessity."
Powell expects more Fed rate hikes because of persistently high inflation
Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.
Housing market in Austin 'crashing'?: FOX 7 Focus
In this FOX 7 Focus, Ashley Jackson, president of the Austin Board of Realtors, joins FOX 7 Austin's John Krinjak to discuss the current state of the Austin housing market and what's next.
Auto shops struggle to find trained mechanics amid national shortage: 'It's really getting scary'
There's only about half the number of auto mechanics needed coming out of technical colleges and training programs every year.
Instant Pot maker seeks bankruptcy protection as sales go cold
Instant Pots, which became a must-have gadget several years ago, have been disappearing from kitchens.
Inflation cools sharply in May to 4%, lowest in 2 years
Last month marked the slowest pace of inflation since March of 2021.
Biden signs debt ceiling bill, dodging default deadline
The debt ceiling bill averted the potential of an unprecedented government default that would have rocked the U.S. and global economies.
Job growth keeps Fed's eye on future interest rate hikes
Job growth held steady with an addition of 339,000 jobs in May, according to the latest Bureau of Labor Statistics (BLS) data. But a strong labor market could mean the Fed will keep raising interest rates, experts said.
Know any airplane mechanics? Wave of retirements leave some US industries desperate
A surge of retirements, along with a slowdown in immigration that began during the pandemic, are the primary factors behind the labor shortages that continue to bedevil many employers.
Supreme Court rules against union in labor dispute involving truck drivers and wet concrete
The Supreme Court has ruled against unionized drivers who walked off the job with their trucks full of wet concrete. The decision in a case from Washington state united liberal and conservative justices in labor’s latest loss at the high court.
Debt ceiling deal includes new work requirements for SNAP: How they work
The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.
Debt ceiling: House OKs bill to avoid default, sends Biden-McCarthy deal to Senate
The House has approved the debt ceiling and budget cuts package, sending it to the Senate. President Joe Biden negotiated the deal with Speaker Kevin McCarthy to avert a U.S. default crisis.
Debt ceiling: Bill on its way to House floor after clearing key hurdle
Under fire from conservatives, House Speaker Kevin McCarthy is hunting for votes from fellow Republicans for the debt ceiling deal.
These billionaires are worth more than the US Treasury has in cash, report says
The cash balance at the U.S. Treasury is lower than the net worth of some of the world's richest people, according to the Bloomberg Billionaire Index.
6 tips to save $100 a week and put it toward savings
How to overcome inflation and regain control of your finances
Tight labor market has increased demand for teens in summer jobs
The proportion of Americans between the ages of 16 and 19 who have jobs has trended up in recent years.
Debt ceiling deal: Here's what's in, what's out of the bill to avert US default
Details of the deal between President Joe Biden and House Speaker Kevin McCarthy are out. But the two leaders still have to persuade Congress to pass the bill.
Biden, McCarthy reach final deal in debt ceiling talks, look to sell Congress
The Democratic president and Republican speaker spoke with each other Sunday evening as negotiators rushed to draft the bill text so lawmakers can review compromises that neither the hard-right or left flank is likely to support.
What's next on debt ceiling: Congress has little time to approve deal before default deadline
Lawmakers are not expected to return to work from the Memorial Day weekend before Tuesday, at the earliest.