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Author: Martin Crutsinger, Associated Press

Money

Yellen, Biden’s pick for Treasury secretary, urges Congress to ‘act big’ to avoid prolonged downturn

January 19, 2021January 19, 2021Martin Crutsinger, Associated PressComments Off on Yellen, Biden’s pick for Treasury secretary, urges Congress to ‘act big’ to avoid prolonged downturn

Janet Yellen, Biden’s nominee for Treasury secretary, urges Congress to ‘act big’ to avoid deep, prolonged pandemic-induced downturn.

Money

Layoffs: Jobless claims fall but stay high at 787K as COVID-19 surges, states and cities impose business constraints

December 31, 2020Martin Crutsinger, Associated PressComments Off on Layoffs: Jobless claims fall but stay high at 787K as COVID-19 surges, states and cities impose business constraints

First-time jobless claims, a measure of layoffs, fell by 19,000 but stayed high last week. COVID-19 is surging and states are reinstating business constraints

Money

Fed keeps rates near zero, promises to take further steps if the economy weakens amid COVID-19 pandemic

November 6, 2020Martin Crutsinger, Associated PressComments Off on Fed keeps rates near zero, promises to take further steps if the economy weakens amid COVID-19 pandemic

The Federal Reserve kept its key interest rate near zero amd vowed to take further steps if the economy weakens amid COVID-19 pandemic.

Money

Thanks to consumers, the US economy is still rising steadily

August 29, 2019Martin Crutsinger, Associated PressComments Off on Thanks to consumers, the US economy is still rising steadily

Consumer spending drives about 70% of growth, and it accelerated in the April-June quarter at the fastest pace in nearly five years.

Money

Why the US economy may have already peaked for 2019

May 30, 2019Martin Crutsinger, Associated PressComments Off on Why the US economy may have already peaked for 2019

Economists project a “tepid” 2.3% gain this year, compared to last year’s 2.9% growth.

Money

Federal Reserve Chairman Powell: ‘Moderate’ risk from corporate debt

May 20, 2019May 21, 2019Martin Crutsinger, Associated PressComments Off on Federal Reserve Chairman Powell: ‘Moderate’ risk from corporate debt

Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt.

News

Fed Chair Powell says Trump’s attacks played no role in rate pause

March 10, 2019Martin Crutsinger, Associated PressComments Off on Fed Chair Powell says Trump’s attacks played no role in rate pause

Despite President Trump’s criticism, Jerome Powell says the Fed will always “make decisions based on what we think is right for the American people.”

Headlines

‘Never seen anything like this’: Idalia deluge still wreaking havoc in Southeast. Live updates

August 31, 2023August 31, 2023John Bacon, Douglas Soule and Christopher Cann, USA TODAY

A State Department office is giving young people a voice. Abby Finkenauer is leading the effort

August 31, 2023Rachel Looker, USA TODAY

Far-right candidate seduces Argentine electorate

August 31, 2023AP

Hundreds join Nepal gay pride rally

August 31, 2023AP

Gadget guru or digitally distracted? Which of these 5 tech personalities are you?

August 31, 2023Jennifer Jolly

These kids are good: Young Reds in pursuit of a pennant stretch to remember

August 31, 2023Bob Nightengale, USA TODAY

Dog repeatedly escapes Michigan shelter, sneaks into nursing home, is adopted by residents

August 31, 2023John Carlisle, Detroit Free Press

U.S. Embassy urges Americans to leave Haiti ‘as soon as possible’

August 31, 2023Kim Hjelmgaard, USA TODAY

Kia recalls nearly 320,000 cars because the trunk may not open from the inside

August 31, 2023Francisco Guzman, USA TODAY

PCE inflation report: Key measure ticks higher in July. What will the Fed do?

August 31, 2023August 31, 2023Paul Davidson, USA TODAY
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