Federal Reserve Chair Jerome Powell said the Fed will begin to dial back some of the pandemic-era adjustments made to keep the economy going during the height of COVID. His announcement came during his keynote speech at an annual gathering of central bankers and academics. The Fed will taper off its $120 billion a month…

Despite the emergence of the Delta variant, the U.S. economy will likely grow in the months ahead. But the impact on businesses both at home and abroad will be significant.

As the United States pulled out of Afghanistan, China strengthened its relationship with the Taliban. Many speculate that China’s looking to take advantage of Afghanistan’s natural resources and overall economy as a part of its Belt and Road Initiative.

The Biden administration announced Monday it would increase food stamp benefits by the single largest amount in the program’s history starting in October. Average benefits for the Supplemental Nutrition Assistance Program, or SNAP, will go up more than 25 percent compared to pre-pandemic levels. It will replace a 15 percent increase in SNAP benefits put in…

Democrats unveiled their new plan for budget reconciliation Monday, and it did not include raising the debt ceiling. Republicans had been saying this is something Democrats need to do on their own, pushing them to pass a ceiling increase though reconciliation, which needs just 50 votes. For months, Treasury Secretary Janet Yellen has been begging…

President Joe Biden announced Thursday United States automakers set the goal of having 40-50 percent of their auto sales originate from electric cars by 2030. Only 2.2 percent of new vehicle sales were fully electric vehicles through June, according to Edmunds.com estimates. That’s up from 1.4 percent at the same time last year. The video above…

WASHINGTON (AP) — Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4% another sign that the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown. The July numbers exceeded economists’ forecast for more than 860,000 new jobs. Hotels and restaurants, reopening and doing…

President Joe Biden announced Tuesday the United States has donated more than 110 million doses of the COVID-19 vaccine to 65 countries around the world. The video above includes clips from President Biden’s announcement. “According to the United Nations, this is more than the donations of all 24 countries that have donated any vaccine to…

Attorney General Merrick Garland officially launched a Justice Department plan to send gun trafficking strike forces to five American cities Thursday. The plan was initially announced last month. The video above shows AG Garland and Deputy Attorney General Lisa Monaco speaking about the strike forces. In the announcement, the DOJ said, “the strike forces will…

A new CBS News poll shows that 58% of people surveyed say they approve of President Joe Biden’s overall job performance. While 58% may seem low, it’s not when it comes to approval ratings. Real Clear Politics calculated that President Trump’s annual approval rating capped out at about 44 percent. President Obama’s topped at about…