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President Trump had threatened to impose a 50% tariff on Canadian goods this week but pulled back on that threat when trade talks resumed.
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The $40 trillion national debt isn't just a number in Washington. It can make borrowing more expensive for everyday Americans, and every realistic plan to bring it down involves tradeoffs.
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The federal debt is growing even faster than expected. Just paying interest on the $40 trillion balance is now the government's second-largest expense, outpacing everything but Social Security.
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NPR's Leila Fadel speaks with Bloomberg's Stacey Vanek Smith about why the U.S. Treasury acted to push down long-term bond yields and how that relates to the ballooning U.S. debt.
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The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That's leading nervous investors to demand higher interest rates — pushing up borrowing costs for everyone else.
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The tariffs were set to go into effect Tuesday night at midnight, but the two countries have agreed to pause them until Friday while they work on a deal.
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President Trump said he was delaying the 50% U.S. tariffs on Canadian imports after the two countries reached a last-minute deal less than two hours before the sanctions were to go into effect.
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Many public sector workers go into the civil service expecting lower pay but stronger benefits.
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Inflation is starting to hit Americans' pocketbooks again, as the rise in consumer prices outpaces average hourly earnings for the fourth month in a row.
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The unemployment rate for young adults with new degrees is higher than the rate for all workers, according to the New York Fed. Is AI the problem, or is it more complicated?
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Some can't afford to stop working. Others just love the job.
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With uncertainty over the war in the Middle East and high consumer prices, there are more than a few reasons to be worried about market collapse. But in August, the stock market reached record highs, leaving many unsure of what to do with their investments.