Follow the latest Economy news, videos, and analysis from ABC News.
34 seconds ago
Debt ceiling deal heads to Senate after passing in House
ABC News’ Jay O’Brien and Elizabeth Shulze have more on what needs to happen next as the Senate prepares to vote on the debt limit deal.
34 seconds ago
2 hours ago
US applications for unemployment benefits tick up slightly as labor market remains healthy
The number of Americans filing for unemployment benefits rose slightly last week but remains at healthy levels that continue to show a strong U.S. labor market
2 hours ago
June 1, 2023, 10:10 AM
House moves closer to vote on debt ceiling deal as lawmakers race to prevent default
The vote will be a major test for Speaker Kevin McCarthy, who faces a potential revolt from GOP hard-liners if he fails to get a majority of Republicans to back the bill.
June 1, 2023, 10:10 AM
June 1, 2023, 3:49 AM
House passes bill to avoid debt default
The bill, which now heads to the Senate, would decrease IRS funding, impose stricter work requirements for some older Americans on food stamps, and end the student loan payment pause.
June 1, 2023, 3:49 AM
June 1, 2023, 3:26 AM
Will the debt ceiling deal actually increase SNAP food stamp eligibility, cost?
The nonpartisan CBO estimated the provisions relating to SNAP would add $2.1 billion in direct spending and 78,000 people would gain benefits in an average month.
June 1, 2023, 3:26 AM
June 1, 2023, 3:23 AM
Debt ceiling deal passes the House as US moves closer to preventing historic default
The House passed a debt ceiling bill on Wednesday while cutting government spending over the next two years, in a victory for both Biden and Kevin McCarthy
June 1, 2023, 3:23 AM
June 1, 2023, 1:49 AM
'This should never happen again': Rep. Jayapal on debt ceiling negotiations
ABC News’ Linsey Davis spoke with Congressional Progressive Caucus Chair Rep. Pramila Jayapal about the House debt ceiling vote, and how the bipartisan deal could impact low-income Americans.
June 1, 2023, 1:49 AM
June 1, 2023, 1:44 AM
Debt deal packages makes its way through the House
The House is slated to vote on the package that would avert a default.
June 1, 2023, 1:44 AM
May 31, 2023, 4:31 PM
ECONOMY EXAMINED: Hundreds of Amazon workers are staging a walkout in Seattle
Plus, State Farm will no longer insure news homes in California due to the high risk of wildfires.
May 31, 2023, 4:31 PM
May 31, 2023, 3:10 PM
US job openings hit 10.1 million and labor market still strong despite Fed efforts to cool economy
U.S. job openings rose unexpectedly in April a sign the American labor market remians surprisingly resilient as the Federal Reserve pushes interest rates higher to combat inflation
May 31, 2023, 3:10 PM
May 31, 2023, 7:05 AM
GOP Rep. Nancy Mace voting against bill to raise debt ceiling
ABC News' Linsey Davis spoke with Rep. Nancy Mace, R-S.C., about why she plans to vote against the bill to raise the debt ceiling.
May 31, 2023, 7:05 AM
May 31, 2023, 3:10 AM
Debt ceiling deal to prevent default narrowly passes 1st big test in key House committee
GOP hard-liners on the House Rules Committee have vowed to block the bill.
May 31, 2023, 3:10 AM
May 31, 2023, 12:20 AM
Republicans reject debt deal
At least 25 House Republicans said they will vote against the bill, which means House Speaker Kevin McCarthy will need Democratic votes to get it passed.
May 31, 2023, 12:20 AM
May 30, 2023, 7:32 PM
Congress works to finalize debt ceiling deal
ABC News senior congressional correspondent Rachel Scott has the latest from Washington and how the next step in negotiations could affect your pocket book.
May 30, 2023, 7:32 PM
May 30, 2023, 2:56 PM
The easiest way to get a $7,500 tax credit for an electric vehicle? Consider leasing.
Thanks to a boost from the government, leasing — not buying — is becoming the most affordable way to get your hands on an electric vehicle
May 30, 2023, 2:56 PM
May 30, 2023, 2:57 AM
McCarthy announces tentative debt limit deal with White House
The agreement comes just days before potential default.
May 30, 2023, 2:57 AM
May 30, 2023, 2:22 AM
Debt ceiling deal heading to Congress
As House Speaker Kevin McCarthy courts Republicans, President Biden says to skeptical Democrats, "talk to me", in effort to pass deal before June 5 deadline.
May 30, 2023, 2:22 AM
May 29, 2023, 4:21 PM
Biden urges Congress to pass debt ceiling deal
During remarks Sunday night, President Joe Biden urged both chambers of Congress to pass the debt ceiling agreement.
May 29, 2023, 4:21 PM
May 29, 2023, 4:02 AM
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
Reviews start to come in as details emerge about the debt ceiling agreement.
May 29, 2023, 4:02 AM
May 28, 2023, 4:22 AM
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
One GOP negotiator says "thorny issues" remain.
May 28, 2023, 4:22 AM
May 27, 2023, 11:11 PM
McCarthy signals that debt ceiling deal is close
President Joe Biden and House Speaker Kevin McCarthy have until June 5 to raise the debt ceiling in order avoid an unprecedented and potentially catastrophic default.
May 27, 2023, 11:11 PM
May 27, 2023, 5:12 PM
Debt ceiling negotiations going down to the wire
President Joe Biden and GOP lawmakers are on the brink of a deal to allow the U.S. government to keep paying its bills.
May 27, 2023, 5:12 PM
May 27, 2023, 2:01 AM
Treasury sets new potential debt default deadline
Treasury Secretary Janet Yellen issued a new letter to Congress stating the government won't begin to run out of money to pay its bills until June 5.
May 27, 2023, 2:01 AM
May 27, 2023, 1:01 AM
Debt ceiling should be 'eliminated altogether': IMF chief
ABC News' Elizabeth Schulze spoke with IMF managing director Kristalina Georgieva, who called for eliminating the U.S. debt ceiling, saying it is a "man-made problem" threatening the global economy.
May 27, 2023, 1:01 AM
May 27, 2023, 12:51 AM
Biden 'optimistic' for debt ceiling deal after new date
The update buys much-needed time for debt ceiling negotiators to hammer out a deal
May 27, 2023, 12:51 AM
May 26, 2023, 7:30 PM
Debt ceiling drama hurting American families: 'We're being treated like numbers'
Susan Meachum, who says she relies on Social Security, told ABC News she will "lose everything" if the debt limit isn't raised.
May 26, 2023, 7:30 PM
May 26, 2023, 5:34 PM
First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan
About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase
May 26, 2023, 5:34 PM
May 26, 2023, 3:59 PM
BUSINESS HEADLINES: New report shows inflation remained high last month
ABC News business reporter Alexis Christoforous discusses Ford and Tesla teaming up to share Tesla’s charging network, and a ‘Pirates of the Caribbean’ themed house hits the market.
May 26, 2023, 3:59 PM
May 26, 2023, 3:50 PM
How to protect your money amid debt ceiling uncertainty
If you’re worried about a delayed payment from the government, here’s what you need to know.
May 26, 2023, 3:50 PM
May 26, 2023, 2:54 PM
A measure of inflation that is closely tracked by the Federal Reserve increased in April
A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high
May 26, 2023, 2:54 PM
May 26, 2023, 2:03 AM
Cashing in: Breaking down the economic peril if the debt ceiling isn't raised
ABC News' Elizabeth Schulze reports on why the U.S. government is close to default and the devastating effects facing Americans if Congress does not raise the debt ceiling.
May 26, 2023, 2:03 AM
May 26, 2023, 1:57 AM
By the Numbers: Job side hustles
A look at the numbers behind the side hustle economy, as millions of Americans work side gigs to help pay the bills.
May 26, 2023, 1:57 AM
May 26, 2023, 12:01 AM
Debt ceiling negotiators making progress: Biden
President Joe Biden said that he had several "productive conversations" with House Speaker Kevin McCarthy and their teams are making progress.
May 26, 2023, 12:01 AM
May 25, 2023, 11:07 PM
Debt ceiling negotiators 'making progress,' Biden says even as deal remains elusive
President Biden said he's had "productive conversations" with House Speaker Kevin McCarthy and their teams are "making progress" on debt ceiling talks
May 25, 2023, 11:07 PM
May 25, 2023, 5:38 PM
Ask Alexis: Best ways to budget your money
ABC News business reporter Alexis Christoforous answers viewers’ questions about the best ways to budget your money and what you need to know before retiring.
May 25, 2023, 5:38 PM
May 25, 2023, 5:00 PM
Debt ceiling timeline: When are Medicaid, Social Security and other payments in jeopardy
Unless Washington reaches a deal on the debt ceiling, payments millions of Americans rely on each month could be in jeopardy in little more than a week.
May 25, 2023, 5:00 PM
May 25, 2023, 3:50 PM
More Americans apply for jobless benefits but labor market remains tight
U.S. applications for jobless claims rose slightly last week but remain at healthy levels as companies seem reticent to let go of employees in a tight labor market
May 25, 2023, 3:50 PM
May 24, 2023, 11:46 PM
McCarthy sends GOP negotiators to White House as debt deadline approaches
House Speaker Kevin McCarthy told reporters he was sending his House Republican bargaining team to the White House "to try to finish out negotiations."
May 24, 2023, 11:46 PM
May 24, 2023, 9:22 PM
McCarthy sends GOP negotiators to White House 8 days before potential default
He said they would "try to finish out negotiations" as June 1 deadline looms.
May 24, 2023, 9:22 PM
May 24, 2023, 5:40 PM
Speaker McCarthy gives remarks amid debt ceiling standoff
"I think we can make progress today," House Speaker Kevin McCarthy told reporters as debt ceiling conversations continue at the White House.
May 24, 2023, 5:40 PM
May 24, 2023, 5:29 PM
Speaker McCarthy sends negotiators to White House to discuss debt ceiling
The U.S. is only eight days away from a looming default.
May 24, 2023, 5:29 PM
May 24, 2023, 4:27 PM
Negotiators race against clock to raise debt ceiling, avoid potential default
White House officials said House Speaker Kevin McCarthy is “beholden” to the most extreme members of his caucus.
May 24, 2023, 4:27 PM
May 24, 2023, 3:04 AM
White House, Republicans still at impasse over debt deal
House Speaker Kevin McCarthy said they were nowhere near a deal as the June 1 deadline approaches.
May 24, 2023, 3:04 AM
May 24, 2023, 2:02 AM
'Work requirements' emerge as flashpoint in debt ceiling, spending talks
House Speaker Kevin McCarthy's has called the issue a "red line," but several Democrats say it's a nonstarter.
May 24, 2023, 2:02 AM
May 23, 2023, 10:02 PM
House Speaker McCarthy says ‘nowhere near’ deal on debt ceiling
ABC News’ Jay O’Brien and Alexis Christoforous break down the ongoing negotiations on the debt ceiling and just what it means for the economy.
May 23, 2023, 10:02 PM
May 23, 2023, 8:36 PM
Democrats tell Biden to invoke 14th Amendment to avert debt crisis
With negotiations over the debt ceiling stalling, some lawmakers are pushing President Biden to invoke the 14th Amendment.
May 23, 2023, 8:36 PM
May 23, 2023, 1:17 PM
Gas price reality check for summer road trips
ABC News’ Alex Perez reports on the latest gas prices ahead of Memorial Day weekend.
May 23, 2023, 1:17 PM
May 23, 2023, 3:27 AM
Biden, McCarthy meet to negotiate debt ceiling deal
House Speaker Kevin McCarthy told reporters Monday afternoon they'd need to reach a deal by "this week" for it to pass the House and Senate before the June 1 deadline.
May 23, 2023, 3:27 AM
May 23, 2023, 2:34 AM
Rep. Austin Scott: ‘I’m very hopeful’ on reaching debt ceiling deal
ABC News’ Linsey Davis spoke with GOP Rep. Austin Scott of Georgia about developments in the debt ceiling talks, and Republican red lines in the negotiations.
May 23, 2023, 2:34 AM
May 22, 2023, 10:46 PM
Biden meets with McCarthy
President Joe Biden and House Speaker Kevin McCarthy discussed the debt ceiling as the default deadline looms.
May 22, 2023, 10:46 PM