Rising disaster costs leave U.S. confronting fiscal risks of climate change
As storms, droughts, wildfires and other extreme weather events strike with greater frequency and intensity, repairing and rebuilding has grown more costly, too.
By Tony Romm
SBA will exhaust disaster relief funds by next week, chief says
The SBA is set to run out of funding for hurricane victims within days as officials tally the extent of the damage from Hurricane Milton.
By Jacob Bogage
Trump, pitching aid for Michigan automakers, insults Detroit
The former president is calling for a combination of trade protections and new tax incentives to bolster U.S. auto production.
By Meryl Kornfield and Jeff Stein
FEMA has enough funding for Hurricane Milton. What’s next is less certain.
A disaster loan program at the Small Business Administration and other long-term FEMA projects could need an emergency infusion of cash to get through hurricane season.
By Jacob Bogage and Maxine Joselow
U.S. deficit hits $1.8 trillion as interest costs rise
Rising interest costs have swelled the U.S. deficit, prompting concerns about a potential debt crisis.
By Jacob Bogage
Trump would add twice as much to national debt as Harris, study finds
Former president Donald Trump’s campaign proposals would add nearly twice as much to the national debt as Vice President Kamala Harris’s would, according to new research.
By Jacob Bogage
Biden may face tough choices as port strike continues
The White House has firmly backed the longshoremen’s union, but Democrats are eager to avoid economic disruptions weeks before Election Day.
By Jeff Stein
U.S. court opens door for more election betting this fall
The betting site KalshiEx wins a legal battle against the CFTC, which had sought to block some political wagers.
By Tony Romm
Vance says immigrants caused a housing shortage. Economists disagree.
The housing market has been upended since the pandemic, but not because of migration.
By Rachel Siegel
Congress dodged a shutdown but may get an ugly December spending fight
Lawmakers have yet to agree on how much money in total the government should spend next fiscal year, besides additional funding for crucial programs.
By Jacob Bogage
Ukraine’s artillery is helping boost Scranton’s economy
In one U.S. community churning out materiel for Kyiv’s defense, jobs and investment are flowing.
By Jacob Bogage
Washington targeted ‘corrupt’ mines. Workers paid the greatest price.
Treasury Department sanctions on far-off nickel mines in central America were supposed to protect vulnerable workers and ward against government corruption. Instead, they triggered an economic crisis with fatal consequences
By Jeff Stein and Claudia Méndez Arriaza
Harris signals support for crypto, in potential break with Biden
Vice President Kamala Harris on Wednesday signaled support for growing the crypto industry in the United States.
By Jeff Stein and Cat Zakrzewski
Congress passes bill to prevent government shutdown, add funds for Secret Service
Congress punts decisions on federal finances to end of year.
By Jacob Bogage
Johnson turns to Democrats to prevent government shutdown amid GOP opposition
House Speaker Mike Johnson called his funding deal with congressional Democrats “the last available play” before the Sept. 30 deadline to keep the government open.
By Jacob Bogage and Mariana Alfaro
U.S. pitches ban on Chinese tech in driverless and connected vehicles
The United States seeks to crack down on Chinese tech in driverless and connected vehicles.
By David J. Lynch
In critical Ohio Senate race, crypto cash looks to tip the scales
The cryptocurrency industry is pouring money into the Ohio Senate race to support Bernie Moreno against Sherrod Brown.
By Tony Romm
GOP looks the other way as Trump pushes unorthodox trade proposals
The former president touts tariffs as a cure-all, but Republican lawmakers prefer to characterize the measures as a negotiating tactic.
By Jeff Stein and Marianna Sotomayor
House votes to reject GOP bill to avert government shutdown
The House rejected a GOP effort to avert a government shutdown. Lawmakers have until Sept. 30 to extend government funding.
By Jacob Bogage and Marianna Sotomayor
What the Fed’s rate cut means for consumers, businesses and investors
The Fed’s first cut in four years will affect hiring, inflation, the housing market, stocks and borrowing costs.
By Taylor Telford and Julie Zauzmer Weil