Scott Horsley

The Labor Department releases its monthly report card on the job market Friday morning. While rising interest rates have been a drag on some parts of the economy, overall hiring remains strong.

Treasury officials say they've seen little fallout so far from the loss of the government's Triple-A bond rating. The Fitch rating agency downgraded government debt, citing a governance deterioration.

Rating agency Fitch has cut the U.S.' credit rating, lowering it by one notch from the top grade. It cited big government deficits and a deterioration in governance over the last two decades.

Fitch cut the federal government's top rating, citing rising deficits and a steady deterioration in governance over the last two decades. The action drew a sharp rebuke from the Biden administration.

Fitch Ratings cut the U.S.'s rating by one notch, moving it from the previous top-rated AAA to AA+, citing worsening governance as a key factor — just months after the country averted a debt default.

A string of encouraging reports is raising hope about the economy — but worries of a possible recession have not gone away. Here's why.

The Tour de France concludes just as another storied cycling event begins: the Des Moines Register's Annual Great Bicycle Ride Across Iowa. This is RAGBRAI's 50th year.

At the start of the year, economists were warning the U.S. was likely headed for a recession, but the U.S. economy has proven remarkably resilient. So what gives?

The federal government's budget gap widened significantly in the first nine months of the fiscal year, as tax receipts slumped and spending increased.

Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.

Consumer inflation hit 3% in June, the lowest since March 2021. Though easing prices will be comforting to the Federal Reserve, inflation is still running higher than the central bank would like.

New numbers out Wednesday are expected to show the inflation rate in June was just over 3%. That's a big improvement from this time last year, when inflation topped 9%.

U.S. employers added 209,000 jobs in June. That's a solid number, but fewer than the month before. Here are the 5 things we took away from the report.

U.S. employers added 209,000 jobs in June, marking another respectable month of job growth, though it was slower than in previous months.

The report marks another solid month of job growth. But the growth was slower than in previous months — an indication that a hot labor market could be cooling.

Treasury Secretary Janet Yellen is on her way to Beijing for talks with her Chinese counterparts. The meeting comes at a tense time, with tit-for-tat trade restrictions and rising strategic frictions.

The pandemic was hard on working women, but they've come roaring back into the labor force. The share of working-age women who have jobs or want one hit an all-time high in May.

As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.

The pandemic was hard on working women, but they've come roaring back into the labor force. The share of working-age women who have jobs or want one hit an all-time high in May.

Inflation has eased - though consumers in the U.S. are still looking for ways to trim expenses.