Climate change: US report targets economic risks from extreme weather

A new White House report addresses how the U.S. economy could be affected by climate change, including extreme heat, flooding, storms and wildfires.

Winter heating bills set to skyrocket as inflation hits home

With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.

US unemployment claims fall to lowest level of COVID-19 pandemic

U.S. unemployment claims dropped 36,000 to 293,000 last week, the lowest level since the start of the pandemic, the Labor Department said.

Port of Los Angeles going 24/7 to ease shipping backlog, White House says

The Port of Los Angeles will become a 24-hour, seven-days-a-week operation to help relieve supply chain bottlenecks and move stranded container ships.

Social Security checks to increase by 5.9% in 2022 as inflation jumps

The Social Security COLA amounts to $92 a month for the average retired worker, according to estimates released by the Social Security Administration.

Social security annual cost-of-living set to increase in 2022

Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.

Companies hard-pressed for holiday staff despite millions of job openings

Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.

Americans quit jobs at highest rate on record in August, Labor Department says

One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.

Education Department extends Navient's federal loan servicing contract through 2023

The Department of Education extended its contract with student loan servicer Navient, according to data obtained on a federal procurement website. Here's what that means for borrowers.

Nobel prize for economics awarded to 3 in US for societal research

The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”

McConnell warns Biden he won’t help vote to raise debt ceiling in December

“I write to inform you that I will not provide such assistance again if your all-Democrat government drifts into another avoidable crisis,” Senate Minority Leader Mitch McConnell wrote in a letter to President Joe Biden on Friday.

September jobs report: US adds weak 194K jobs as delta maintains hold

U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.

Longer student loan forbearance is needed, 40% of borrowers say in survey

The payment suspension on federal student loans was part of the greater push for COVID-19 emergency relief, but payments restart in just a few short months. According to a new survey, 40% of borrowers want a longer suspension of loan payments.