US economy

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Stagflationary global debt crisis looms – and things will get much worse | Nouriel Roubini
There is ample reason to fear big economies such as the US face recession and financial turmoil

Nouriel Roubini

30, Jun, 2022 @6:00 AM

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Central bank policymakers should not assume reputations will recover | Howard Davies
As inflation soars, the Fed, ECB, Bank of England and others are more regularly challenged than in the past

Howard Davies

28, Jun, 2022 @6:41 AM

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Why is the US about to give away $52bn to corporations like Intel? | Robert Reich
The Chips Act would provide an enormous subsidy to chipmakers for making their chips in the US. This is extortion

Robert Reich

26, Jun, 2022 @10:37 AM

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January 6 hearings outlined ‘inner workings of political coup in service of Trump’, panel chair says – as it happened
Committee concludes fifth hearing, with next sessions expected in July

Chris Stein in Washington

23, Jun, 2022 @9:54 PM

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Fed chief vows to keep raising rates until ‘compelling evidence’ of falling inflation
Senator Elizabeth Warren criticizes the Fed’s rate moves, expressing fear that rate hikes will ‘drive this economy off a cliff’

Dominic Rushe in New York

22, Jun, 2022 @3:48 PM

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Biden to urge Congress to suspend gas tax for three months
Prices could drop by about $1 a gallon at the pumps if measures are adopted but experts question effectiveness of gas tax holidays

Nina Lakhani

22, Jun, 2022 @12:08 PM

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Average price for US homes hits record high in May despite rise in interest rates
But sales have fallen to slowest pace since June 2020, near start of pandemic, and demand for homes still outstrip supply

Guardian staff and agencies

21, Jun, 2022 @4:20 PM

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Elon Musk says ‘inevitable’ US recession will probably come soon
Musk’s comments, echoing other CEOs, are accompanied by plan to lay off 10% of Tesla’s salaried staff

Dan Milmo and agency

21, Jun, 2022 @3:50 PM

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Holiday travel adds pressure to stressed industry as more US flights canceled
Airlines, reeling from pilot and staff shortages and the effects of bad weather, have interrupted 19,000 flights since Thursday

Edward Helmore

20, Jun, 2022 @3:57 PM

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Yellen says US recession not ‘inevitable’ but expects ‘economy to slow’
Treasury secretary says ‘inflation unacceptably high’ and it is Biden’s ‘top priority to bring it down’

Edward Helmore

19, Jun, 2022 @5:33 PM

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US travelers face new wave of chaos as flight cancellations continue
1,000 flights cancelled Sunday after approximately 14,000 flights were cancelled or delayed on Friday and Saturday

Edward Helmore

19, Jun, 2022 @4:45 PM

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We face a global economic crisis. And no one knows what to do about it
Central banks rode to the rescue of nervous investors for years. But now they are raising rates just as the world economy spirals downwards

Phillip Inman

18, Jun, 2022 @4:00 PM

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