Scott Horsley

The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

House Republicans want to add new work requirements to safety net programs, in exchange for raising the debt ceiling. Critics say that would increase hardship without doing much to boost employment.

Tuesday is the deadline to file your income taxes. After years of underfunding, the IRS is beefing up to improve customer service, and to make sure people actually pay the taxes they owe.

Forecasters at the Federal Reserve warn of a possible recession later this year. This past week brought new insights into how Americans are working, spending, and coping with inflation.

Inflation eased a bit in March, as the price of gasoline and groceries dropped. But the price of services continues to climb, keeping overall inflation stubbornly high.

Consumer prices in March were up 5% from a year ago. While inflation has eased from a four-decade high last summer, prices are still rising faster than the Federal Reserve would like.

New consumer prices data for March show that inflation has fallen from a four-decade high last summer, but prices are still climbing faster than the Federal Reserve would like.

Even before the collapse of Silicon Valley Bank last month, other banks were getting stingier about making loans. That makes it harder for businesses trying to grow and raises the risk of recession.

Hiring slowed a bit in March, as U.S. employers added 236,000 jobs. The unemployment rate dipped to 3.5%, even as nearly half-a-million new people joined the workforce.

U.S. employers added 236,000 jobs in March as hiring slowed from the previous month. Unemployment dipped to 3.5%, from 3.6% in February.

There are signs the hot U.S. job market cooled off a bit last month. We'll get a temperature check when the Labor Department reports on job gains for the month of March.

The company is offering nearly $9 billion to settle claims involving its talcum powder. The tentative deal has the backing of many people who sued Johnson & Johnson, but not everyone.

Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.

The collapse of two regional banks is expected to cost the government's deposit insurance fund more than $22 billion. The Biden administration says smaller banks shouldn't have to pick up the tab.

A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse

The collapse of Silicon Valley Bank will be the focus of a Senate hearing Tuesday. Senators want to know why it and a second bank failed this month, and how to prevent similar meltdowns in the future.

Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.

The Federal Reserve will decide Wednesday whether to keep raising interest rates to combat high inflation. The decision has been clouded by recent turmoil in the banking system.