Scott Horsley

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.

Spending on travel and entertainment is up, even as Americans contend with stubborn inflation. One reason the economy is doing so well is that people keep spending money.

Federal Reserve chairman Jerome Powell testified before a House committee Wednesday. Meanwhile, a Senate panel reviewed several nominations to the Fed's board of governors, including the first Latina.

After 10 straight rate hikes, the Federal Reserve left interest rates unchanged Wednesday, but hinted that additional rate hikes are possible if inflation remains stubbornly high.

The Federal Reserve will close a policy meeting, with officials expected to leave interest rates unchanged. But future hikes are possible, as the central bank wrestles with stubbornly high inflation.

Falling prices for gas and eggs took some of the sting out of inflation. Consumer prices in May were 4% higher than a year ago. Meanwhile, the Federal Reserve decides what to do with interest rates.

Inflation cooled slightly in May, thanks in part to falling gas and egg prices. But the overall cost of living is still climbing faster than the Federal Reserve would like.

The Labor Department reports Tuesday on May's inflation rate. While inflation has cooled since last summer, prices are still rising faster than the Federal Reserve would like.

Employers added a whopping 339,000 jobs last month, a stunningly strong number. Here are some of the key takeaways of the country's red hot labor market.

President Biden delivers the first Oval Office address of his presidency. It comes a day after Congress passed a bipartisan deal to lift the debt ceiling, narrowly avoiding the deadline.

U.S. employers added a whopping 339,000 jobs in May, far more than forecasters had expected. The unemployment rate, which is compiled from a separate survey, rose to a still-low 3.7%.

Employers added a whopping 339,000 jobs in May, far above expectations, according to a report from the Labor Department on Friday. The unemployment rate rose to 3.7%, from 3.4% in April.

Congressional forecasters say the debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy over the weekend would reduce deficits by about $1.5 trillion over the next decade.

If the federal government defaults on its debt, one surprising place investors would likely seek shelter is in the safety of U.S. Treasury debt.

Treasury Secretary Janet Yellen says unless lawmakers raise the debt ceiling by June 5, the government won't have enough money to pay all of its bills.

House Republicans and the White House are racing to clinch a debt deal, with just days before the U.S. could run out of money to pay its bills.

Did spending by President Biden and the Democrats rack up the country's debt? Is a default the same as a government shutdown? Here are answers to things people often get wrong about the debt ceiling.

If you're confused about the debt ceiling battle being waged in Washington right now, you're not alone. There are a lot of misconceptions about what's behind the drama and what's at stake. We'll separate fact from fiction.

The Treasury Department is not set up to pay some of its bills and not others. But it may be forced into that situation, if Congress doesn't raise the debt ceiling soon.