Tag: Economy
-
One issue is uniting Americans in a time of polarization, according to a new poll
DES MOINES, Iowa (AP) — Pessimism about the country’s future has risen in cities since last year, but rural America is more optimistic about what’s ahead for the U.S., according to a new survey from the American Communities Project. And despite President Donald Trump’s insistence that crime is out of control in big cities, residents…
-
The Supreme Court is expected to say whether full SNAP food payments can resume
It’s up to the U.S. Supreme Court and Congress to decide when full payments will resume under the SNAP food aid program that helps 1 in 8 Americans buy groceries, as some wonder how they will feed their families without government assistance. The Supreme Court is expected to rule Tuesday on a request from President…
-
Speaker Johnson says House will return to Washington for voting on shutdown deal
WASHINGTON (AP) — Speaker Mike Johnson said Monday that House lawmakers should start returning to Washington “right now” after a small group of Senate Democrats broke a 40-day stalemate late Sunday evening and voted with Republicans to move forward with legislation that would end the government shutdown. It is unclear when the Senate will hold…
-
Democrats consider prolonging government shutdown as Republicans prepare new bills without health care fix
WASHINGTON (AP) — Republican senators are trying to end the government shutdown by preparing a bipartisan package of spending bills that they hope will win new Democratic votes. It is unclear whether their plan will work. Democrats have voted 14 times not to reopen the government as they demand an extension of expiring health care…
-
Trump ramps up new effort to convince skeptical public he can fix affordability worries
WASHINGTON (AP) — President Donald Trump is adjusting his messaging strategy to win over voters who are worried about the cost of living with plans to emphasize new tax breaks and show progress on fighting inflation. The messaging is centered around affordability, and the push comes after inflation emerged as a major vulnerability for Trump…
-
Wall Street dips as more earnings are reported ahead of SCOTUS hearing on Trump’s tariffs
Technology stocks were dragging Wall Street modestly lower as markets take in another big batch of corporate earnings Wednesday while waiting for the Supreme Court to decide on the legality of President Donald Trump’s unilaterally imposed tariffs. Futures for the S&P 500 slipped 0.1%, while futures for the Dow Jones Industrial Average were flat. Futures…
-
Government shutdown could become longest ever as Trump says he ‘won’t be extorted’ by Democrats
WASHINGTON (AP) — The government shutdown is poised to become the longest ever this week as the impasse between Democrats and Republicans has dragged into a new month. Millions of people stand to lose food aid benefits, health care subsidies are set to expire and there are few real talks between the parties over how…
-
Judge considers demand to force the government to keep funding SNAP food aid despite the shutdown
BOSTON (AP) — A federal judge in Boston on Thursday challenged the Trump administration’s argument that SNAP benefits could be suspended for the first time in the food aid program’s history because of the government shutdown. During a hearing over a request by 25 Democratic-led states to keep the funding flowing, U.S. District Judge Indira…
-
Federal Reserve cuts key rate as government shutdown clouds economic outlook
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. “Job gains have slowed this year, and the unemployment rate has edged up but remained low through August,” the Fed said in…
-
US inflation stays elevated but prices rose less than feared last month
WASHINGTON (AP) — U.S. inflation remained elevated last month as gas prices jumped while the cost of rents and some services cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow. Consumer prices increased 3% in September from a year earlier, the Labor…