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WASHINGTON (AP) — An inflation index that is closely monitored by the Federal Reserve tumbled in May to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs. At the same time, consumers barely increased their spending that month, boosting it just 0.1 percent, after a solid 0.6 percent [...]
WASHINGTON (AP) — Under President Donald Trump, the United States exited the North American Free Trade Agreement, which was replaced by the U.S.-Mexico-Canada Agreement. The USMCA, which Trump hailed as "the fairest, most balanced and beneficial trade agreement we have ever signed," reached its third anniversary Saturday. The trade pact hasn't proved to be the [...]
WASHINGTON (AP) — The warnings have been sounded for more than a year: A recession is going to hit the United States. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year. So, is a recession still in sight? The latest signs suggest maybe not. Despite much higher [...]
HARRISBURG, Pa. (AP) — Spurred on by train derailments, some states with busy criss-crossing freight railroads are pursuing their own safety remedies rather than wait for federal action amid industry opposition and questions about whether states even have authority to make the changes. The activity comes after a train carrying toxic chemicals derailed on Feb. [...]
COLUMBUS (AP) — A high-stakes August special election with national political implications is upending local election offices across Ohio, as already stressed election workers are suddenly faced with a mountain of logistical challenges after Republican lawmakers backtracked on their own law. Officials have to lure poll workers away from vacations, relocate polling places booked for [...]
LOS GATOS, Calif. (AP) — At Tyler Malek's ice cream parlors, one cook's trash is another chef's frosty treat. The head ice cream maker at the Portland, Ore.-based Salt & Straw uses the whey leftover from yogurt makers in upstate New York to make his lemon curd flavor. For chocolate barley milk, he mixes in [...]
WASHINGTON (AP) — The Biden administration last week increased the amount of biofuels that must be blended into the nation's fuel supplies over the next three years, but held production totals steady for corn-based ethanol, disappointing the biofuel industry and farm advocates. A plan finalized by the Environmental Protection Agency sets biofuel blending volumes at [...]
WASHINGTON (AP) — With inflation still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell said in prepared testimony schedule to be delivered to a House committee this week. "Inflation pressures continue to run high, and the process of getting inflation back down to 2 percent has a [...]
ATLANTA (AP) — After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing. Most low-income tenants can no longer count on pandemic resources that had kept them housed, and many are finding it hard to recover because they haven't found [...]
WASHINGTON (AP) — Joe Biden opened his 2020 presidential run at a Pittsburgh union hall, declaring, "I'm a union man. Period." As he gears up for re-election, the president's first political rally was scheduled for a union gathering on the other side of Pennsylvania, punctuating just how much Biden is counting on labor support to [...]