Economic News
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House tees up vote on Russia sanctions bill, but prospects for passage are uncertain
The House is expected to take up a punishing Russian sanctions package next week, though prospects of passage are uncertain despite the overwhelming support the bill received in the Senate
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FACT FOCUS: A look at false and misleading claims during the Republican midterm convention
President Donald Trump, Vice President JD Vance and other Republican officials came together for a two-day convention this week to rally voters in advance of midterm elections in November
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No relief from inflation as Middle East clashes lifts fuel prices to painful levels
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near
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Inflation picked up last month as gas prices rose during clashes around Iran
Inflation picked up last month as gas prices rose during clashes around Iran
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Trump wants to send Americans money. Congress and economists don't seem thrilled with the idea
Donald Trump’s pitch to send Americans $5,000 checks should Republicans prevail in the November midterms is drawing scorn from some members of Congress — the very people who have constitutional authority over federal spending
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Oil prices leap to their highest since May and drag Wall Street lower
U.S. stocks sank after oil prices jumped to their highest levels since May
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European Central Bank raises interest rates a quarter point to quell energy-fueled inflation
The European Central Bank is raising interest rates to cool inflation that is being fed by high oil prices from the Iran war
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US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated
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British man charged with aiding Russian spies to sabotage UK drone factory
Prosecutors in London say a British man plotted with Russian spies to sabotage a drone factory in England
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China says it hopes to agree with the US on tariff reductions at 'an early date'
A Chinese government spokesperson says China and the United States hope to reach an agreement on lowering import taxes soon
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