Tag Archives: economy

Rep. Alexandria Ocasio-Cortez, D-N.Y., said the U.S. economy was in a “crisis” on Sunday, seemingly contradicting President Biden on a core pillar of his re-election campaign. “Our economy is in a special kind of crisis. Our whole economy is in a special kind of crisis,” the progressive lawmaker said at …

FIRST ON FOX: Former Detroit Police Chief James Craig will launch his campaign for the U.S. Senate in Michigan on Tuesday. Craig, whose impressive law enforcement career in a handful of states spans more than 40 years, is seeking to replace retiring Democrat Sen. Debbie Stabenow in the Senate. He …

NEW YORK – McDonald’s says it’s raising pay for workers at its company-owned U.S. restaurants, making it the latest employer to sweeten worker incentives in an improving economy. The company owns about 10 percent of its more than 14,300 U.S. restaurants, representing about 90,000 workers. The rest are run by …

As someone whose life’s work is helping small businesses navigate our nation’s complex tax system, I have witnessed firsthand how the Internal Revenue Service has become an outsized force that too often targets those least equipped to fight back. While the agency has long maintained that its enforcement efforts are …

A segment on CBS’ “60 Minutes” Sunday night suggested record-high stock market levels under President Donald Trump could be a precursor to another crash similar to 1929. Host Lesley Stahl spoke with CNBC’s Andrew Ross Sorkin about his upcoming book “1929,“ which explores the economic and social buildup to the …

Walk onto any construction site in America, and you’ll hear the same story: We can’t find enough skilled workers. Electricians, welders, HVAC technicians, plumbers and heavy-equipment operators are in dangerously short supply, and the gap is widening. Nvidia CEO Jensen Huang recently warned that building America’s artificial intelligence infrastructure will …

At 12:01 a.m. ET on Wednesday, the federal government entered its first shutdown since 2018, after two competing funding proposals, one from Democrats and another from Republicans, failed in the Senate. The setback deepened the stalemate, with neither side showing willingness to concede. Though once uncommon, government shutdowns have grown …

Iwarned in May that America’s farm economy was under attack — that tariffs, Agriculture Department program cuts and political posturing in Washington were hammering farmers from the farm gate to the dinner plate. Four months later, that picture has only grown worse. Across the Midwest, combines sit idle and bins …

FIRST ON FOX: Americans are voting with their feet, leaving high-tax, high-regulation states like New York and New Jersey behind. Unleash Prosperity is now warning that these states aren’t just losing residents — they’re losing wealth. Billboards that say “New Yorkers aren’t moving up, they’re moving out!” and “New Jersey …

Americans in some cities are spending nearly four times more of their income on groceries than others, a new analysis shows, with the hardest-hit households mainly in the Midwest and South. Residents of Detroit spend the largest share of their income on groceries — nearly 3.8% — followed closely by …