House Speaker Mike Johnson will move ahead with a temporary spending bill that would prevent a partial government shutdown when the new budget year begins on Oct. 1, despite the headwinds that prompted him to pull the bill from consideration last week.
Jobless claims inched up in the first week of September.
Price hikes have slowed to their lowest rate since February 2021.
The race for control of Congress is as close as ever, with barely two dozen House seats and a handful in the Senate likely to determine the majority this November and whether a single party sweeps to power with the White House.
House Speaker Mike Johnson is heeding the demands of the more conservative wing of his Republican conference and has teed up a vote this week on a bill that would keep the federal government funded for six more months and require states to obtain proof of citizenship, such as a birth certificate or passport, when registering a person to vote.
The oil market is in another tailspin and gas prices are falling fast.
The U.S. labor market picked back up in August after a surprisingly weak jobs report the month before.
Friday’s U.S. jobs report could be more consequential than usual, providing a key indicator of where the nation’s economy is headed.
When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated.
As this holiday weekend wraps up, new government numbers are giving us a look at how Americans spent their money over the Summer.
