Economy

The numbers: The federal budget deficit for fiscal year 2023 was $1.7 trillion, up $320 billion, or 23%, from a...

Colombia eyes two rate cuts before year-end, finance minister says

Detroit casino workers go on strike after failed talks

By Doyinsola Oladipo NEW YORK (Reuters) -Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions...

IMF closes Morocco meetings without consensus on funding terms, conflict language

US Treasury-Market Recovers Post Regional Bank Failures

The liquidity of the US Treasury market has largely rebounded following disruptions caused by the regional bank failures in March,...

See how much higher mortgage rates are actually costing you

The reality of 8% mortgage rates

Mortgage rates continued their unrelenting upward climb last week, adding potentially thousands in additional costs for would-be homebuyers. Rates on...

Fed can ‘wait, watch’ how economy evolves before making any interest-rate decisions, Waller says

The Federal Reserve needs to “wait, watch and see” how the economy evolves before making any interest-rate moves, said Fed...

U.S. lawmakers expect Biden spending request this week, Israel wants $10 billion – source

By Patricia Zengerle WASHINGTON (Reuters) - U.S. Senate leaders said on Tuesday they expect President Joe Biden to send them...

UAW strike against Detroit automakers has entered ‘new phase,’ union boss says

UAW squeezing Big Three but stops short of expanding strike

United Auto Workers President Shawn Fain said in his weekly address Friday that the union's strike against Detroit's Big Three...

House speaker vote: Betting markets see McHenry as more likely than Jordan to get the job permanently

The House’s temporary speaker, Rep. Patrick McHenry, has seen a surge in his chances of getting the post on a...

Tunisia president sacks the economy minister over statement about IMF

TUNIS (Reuters) - Tunisian President Kais Saied on Tuesday sacked Economy Minister Samir Saied after fresh statements that a deal...

Powell might be a bit more hawkish than his Fed colleagues on Thursday