Scott Horsley

The Biden administration wants banks to report more information on people's accounts so it has a better idea of whom to audit.

Senate Republicans once again blocked an effort to increase the government's borrowing authority, raising the risk of an unprecedented federal default in less than three weeks.

Treasury Secretary Janet Yellen warned lawmakers the government could run out of money by Oct. 18 unless Congress raises the debt ceiling.

Senate Republicans are expected to block a vote to extend government funding and the raise the federal debt ceiling, increasing the odds of a government shutdown and a debt default in mid-October.

The Federal Reserve is reviewing its ethics policies following criticism that two regional bank presidents actively traded stocks and real estate assets during the pandemic.

The Federal Reserve is projecting higher inflation this year than it had previously forecast, but says prices will cool more next year.

The Federal Reserve ends a policy meeting Wednesday. No changes are expected in interest rates, but investors will be watching for hints as to when the central bank may lessen support for the economy.

U.S. manufacturers are still struggling to keep pace with booming demand. The culprit? Sometimes, it's a single missing part.

Consumer prices continued to climb in August, but pandemic inflation may have peaked. Gasoline and groceries are getting more expensive, but airline tickets and used cars are getting cheaper.

Prices have been climbing at the fastest pace in over a decade, as Americans pay more for gas, groceries and other items. The Labor Department issues its latest data for the month of August.

Prices have been climbing at the fastest pace in over a decade, as Americans pay more for gas, groceries and other items. The Labor Department issues its latest information for the month of August.

A larger White House campaign is targeting what it calls anti-competitive behavior in several industries, including meatpacking, in which over 80% of beef goes through just four companies.

The Biden administration says part of the reason grocery prices are climbing is the consolidation in the meat packing industry. Just four firms are said to have a stranglehold on the market.

Millions of Americans are losing a lifeline as pandemic unemployment benefits expire. Research suggests the loss of aid won't do much to push people back to work, but may lead to a drop in spending.

Hiring slowed sharply last month, as a surge in coronavirus cases poured cold water on the economic recovery. The slowdown comes as millions of people are about to lose pandemic unemployment benefits.

Hiring slowed sharply in August, as businesses and would-be workers responded to a surge in new coronavirus cases. Employers added just 235,000 jobs, and the unemployment rate dipped to 5.2%.

Hiring slowed in August as a surge in new coronavirus infections weighed on the economic recovery. Employers added just 235,000 jobs last month, a sharp drop from June and July.

Forecasters say a surge in new coronavirus cases likely weighed on hiring last month, after big job gains in June and July. The Labor Department reports on August employment on Friday.

Enhanced unemployment benefits launched during the pandemic expire next week, cutting a vital lifeline for millions of jobless Americans. Research suggests most will not find work right away.

While the job market has improved, millions are still relying on pandemic unemployment benefits, which are set to run out soon. Some states have already cut benefits, but that plan may have backfired.