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Business & Economy

US Debt Now Tops GDP as Interest Costs Surge

and on May 19, 2026

America’s national debt just crossed 100% of GDP — and a leading budget expert says it’s already pushing up your mortgage rate, fueling inflation, and eroding wages.

Fed Rate Hike Odds Rise as Inflation Surges. What It Means for You

and on May 18, 2026

Futures markets now peg a 49% chance of a Fed rate hike by December — and what that could mean for your mortgage, credit card, and savings rates may surprise you.

Trump Trades Millions in Nvidia, Apple, Microsoft While Promoting Companies

and on May 18, 2026

New ethics disclosures show Trump’s accounts traded between $220 million and $750 million in stocks — including Nvidia, Apple and Boeing — at the same time he was hosting their CEOs at the White House and flying them to China.

‘Neither Snow nor Rain’ Stops the Mail. But USPS Has a Bigger Problem

and on May 18, 2026

The Postal Service has lost $109 billion since 2007, and its postmaster general says the current business model is ‘unsustainable’ — here’s what’s at stake.

Americans Are ‘Frustrated’ With ‘Struggling’ Economy in New Poll

and on May 17, 2026

A new CBS News/YouGov poll finds Trump’s inflation approval at a record low of 27% — and more than three-quarters of Americans say their income isn’t keeping pace with rising prices.

Another IRS COVID Refund Deadline Nears. This Time for Businesses.

and on May 17, 2026

Tens of thousands of businesses that had Employee Retention Credit claims rejected by the IRS are facing a fast-closing two-year window — and once it expires, the IRS is legally barred from issuing the refund.

Americans Want Cheap Chinese EVs. Here’s Who Is Preventing Them

and on May 14, 2026

The average new EV costs $55,211, but Chinese makers sell comparable models starting at $28,000 — and a bipartisan wall in Congress is keeping them out.

Report: Inflation Pushes Restaurants to Raise Prices. Here’s How Much

and on May 14, 2026

The National Restaurant Association reports menu prices rose 3.6% year over year in April — but the overall pace of increase is the slowest in more than a year.

Senate Confirms Trump Pick Kevin Warsh as Next Federal Reserve Chair

and on May 13, 2026

In a 54-45 vote, the Senate elevated Kevin Warsh to lead the Federal Reserve amid ongoing concerns about the central bank’s independence from political pressure.

Trump Gas Tax Holiday Won’t Lower Prices Much, Analyst Says

and on May 12, 2026

The 18-cent federal gas tax holiday debated in Congress would barely dent the $1.35-per-gallon Iran war premium that’s driven national gas prices to $4.50.

Trump Wants a Gas-Tax Holiday. Will Congress Get on Board?

and on May 12, 2026

Trump just endorsed suspending the 18.4-cent federal gas tax, but House and Senate leaders have their doubts — here’s where the push stands with $4.50-a-gallon gas squeezing Americans.

Senate Confirms Warsh as Fed Governor, One Step Closer to Chair

and on May 12, 2026

Kevin Warsh’s 51-45 Senate confirmation clears the path for a chair vote within days, potentially putting him in charge of U.S. interest rates by mid-June.

Consumer Prices Rose Again in April as Iran War Keeps Gas Prices High

and on May 12, 2026

April’s CPI rose 3.8% year-over-year, topping forecasts, with gas prices up 28.4% annually — and a possible Fed rate hike is now on the table.

Trump Wants to Ditch US Gas Tax amid War. Here’s What You Would Save.

and on May 11, 2026

Trump is pushing to suspend the 18-cent federal gas tax as prices hit $4.52 a gallon — and bipartisan legislation is already in the works.

Lawmakers Float a Federal Gas Tax Holiday. Would It Work?

and on May 11, 2026

A proposed federal gas tax holiday would save drivers just 18 cents a gallon and add $12 billion to the deficit, analysts say.

Energy Secretary Says Trump ‘Open’ to Pausing Gas Tax Amid Climbing Prices

and on May 10, 2026

With national gas averaging $4.55 a gallon — the highest since 2022 — the Trump administration is signaling it could suspend the 18-cent federal gas tax to give drivers some relief.

Courts Keep Striking Down Tariffs. Why Aren’t Prices Dropping Too?

and on May 9, 2026

Courts have now ruled against two sets of Trump tariffs, but oil shocks from the Iran war, skittish businesses, and new Section 301 investigations mean shoppers shouldn’t expect relief at the checkout line anytime soon.

How Many SNAP Families Are in NYC? USDA Changes Rules for Benefits

and on May 8, 2026

USDA is doubling food-variety requirements for SNAP retailers, as the One Big Beautiful Bill Act moves to cut $187 billion from the program over a decade.

US Added 115,000 Jobs in April, Fueling Cautious Optimism about Hiring

and on May 8, 2026

April’s job gains beat forecasts, but with inflation climbing and the Fed watching closely, rate cuts this year are far from guaranteed.

Court Delivers Another Blow to Trump Trade Agenda, Rules Against 10% Tariff

and on May 7, 2026

A federal court ruled 2-1 that the 1974 Trade Act can’t justify the 10% levy — a decision that could spark a new wave of legal challenges over import costs.

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