US consumer prices jumped 6.2% in past year, highest inflation rate since 1990

Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.

11 Democratic lawmakers ask Biden to dip into Strategic Petroleum Reserve to alleviate gas price hike

The Strategic Petroleum Reserve is stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico and is the world’s largest supply of emergency crude oil.

House lawmakers vote yes on Biden's $1T infrastructure bill

The House has approved a $1 trillion package of road and other infrastructure projects after Democrats resolved a months-long standoff between progressives and moderates.

October jobs report: US hiring rebounds with 531,000 jobs added

The October 2021 U.S. jobs report showed employers stepped up their hiring, adding a solid 531,000 jobs — the most since July.

Mayor-elect Eric Adams wants to be paid in Bitcoin

Eric Adams, the next mayor of New York, says he will accept some of his City Hall salary in Bitcoin.

Fed dialing back COVID-19 economic aid amid high inflation

In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace.

LA to give $1,000 no-strings-attached monthly payments to families in new guaranteed-income program

The BIG:LEAP -- Basic Income Guaranteed: Los Angeles Economic Assistance Pilot -- program will give $1,000 in direct cash payments to families each month for 12 months. The no-strings-attached payments will be given to families who were impacted by the pandemic and are living in poverty.

Thanksgiving dinner may be more expensive as holiday staples in short supply

While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.

Walmart calls corporate employees back to office, global tech team to stay remote

“We will transition to working together in our campus offices on a more regular basis starting the week of Nov. 8.,” Chief People Officer Donna Morris said

Democrats edge closer to deal on Biden's $2T spending plan

President Joe Biden and Democratic leaders in Congress have edged close to a deal on their big package of social services and climate change strategies.

US budget deficit reaches $2.77 trillion in 2021, its 2nd highest ever

The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion in 2020.