The federal government could shut down in October. Here’s how and why.
A government shutdown would not be as calamitous as breaching the debt ceiling, but it would affect hundreds of thousands of federal workers.
By Jeff SteinStates lose federal water funds as lawmakers redirect money to pet projects
In some states, the result of lawmakers’ meddling is a net cut in funding — creating, in effect, a system of water winners and losers.
By Tony RommSmall-town GOP officials are torn over Biden’s clean energy cash
Developing green energy in rural areas puts local GOP officials in the position of overseeing massive amounts of development funded by Biden’s law.
By Jeff SteinWorkers at 156-year-old Wisconsin brewery stage first strike in decades
Leinenkugel's, a popular Midwestern brewery, is facing its first strike since 1985 as workers say raise offer doesn't keep pace with inflation.
By Jeanne WhalenTrump’s GOP rivals open door to cutting Social Security for younger people
Even the fiscally conservative candidates in the GOP presidential primary are reluctant to endorse cutting Social Security for seniors.
By Jeff SteinThe public has been sour on Biden’s economy. Is that about to change?
With inflation finally cooling, workers’ wages are now rising faster than prices.
By Jeff SteinHouse GOP blocks funds to LGBT groups, using budget in culture wars
Republican lawmakers have seized on the power of the federal purse, coupling their crusade for austerity with a fierce push for a conservative social agenda.
By Tony RommHouse GOP seeks billions in cuts to rail, water infrastructure spending
The proposed cuts could hit urgently needed public-works projects across the country, from improving rail safety to reducing lead contamination at schools.
By Tony Romm and Ian DuncanThe housing market recession is already ending
Supply chains are easing up. Homes are lingering on the market. And after dropping in the latter half of 2022, prices are slowing stabilizing.
By Rachel SiegelWorker strikes grip Los Angeles as nation faces ‘hot labor summer’
Many high profile labor actions have taken place in Southern California, disrupting travel and tourism as workers flex their might.
By Erica Werner and Lauren Kaori GurleyWorld adds 165 million more poor as debt consumes governments’ funds
Some of the world’s poorest countries borrowed heavily since 2020 to cope with the pandemic, soaring food and fuel bills caused by the war in Ukraine, and inflation.
By David J. LynchTougher rules sought on land sales to China, other adversaries
The chairman of the House panel on China introduced legislation aimed at preventing foreign adversaries from purchasing land adjacent to military bases.
By David J. LynchMore banks will need to pad financial cushions under Fed proposal
The Fed's top banking regulator, Michael Barr, is preparing to propose tougher capital requirements for big banks, including those the size of SVB.
By Tory NewmyerElectric vehicle skepticism from auto workers puts Biden in a tough spot
As the UAW negotiates union contracts with Ford, General Motors and Stellantis, it's putting President Biden in an awkward position, between unions and a green energy agenda.
By Jeanne WhalenYellen hails modest gains in economic talks with Chinese leaders
Treasury Secretary Janet L. Yellen said she pressed senior Chinese leaders about their treatment of U.S. companies during her trip to Beijing.
By David J. LynchThey opposed the infrastructure law. Now, some in the GOP court its cash.
Some of the GOP lawmakers who originally tried to scuttle spending to improve the nation's outdated infrastructure are welcoming the money to their states.
By Tony RommCan Biden make ‘Bidenomics’ a winning message in 2024?
If voters think Republicans are more competent on the economy, Biden’s path to reelection will be notably harder. So he's increasingly touting his record.
By Dan BalzYellen opens talks with new Chinese economic chief, a fan of state action
Treasury Secretary Janet Yellen got her first chance for extensive talks with China’s new economic chief, Vice Premier He Lifeng, who has close ties with Xi Jinping.
By David J. LynchYellen calls for better relations with China amid lingering security concerns
Treasury Secretary Janet Yellen met with China’s economic team and the American business community, which has been alarmed by recent Chinese government actions.
By David J. LynchHow sellers of L.A. mansions are dodging a tax meant to help the homeless
Sales of Los Angeles homes priced above $5 million practically screeched to a halt after the "mansion tax" took effect April 1.
By Erica Werner