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Bessent warns of financial crisis if ‘big, beautiful bill’ fails

Bessent warns of financial crisis if ‘big, beautiful bill’ fails

June 11, 2025 2:43 pm Treasury Secretary Scott Bessent warned that Congress could set off a finan...
U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago

U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago

Published Wed, Jun 11 20252:07 PM EDTUpdated Key Points After running a short-lived surplus...
Vance joins Trump in bashing Powell, says Fed committing ‘monetary malpractice’ by not cutting rates

Vance joins Trump in bashing Powell, says Fed committing ‘monetary malpractice’ by not cutting rates

Published Wed, Jun 11 20259:37 AM EDT Key Points In a social media post Wednesday morning o...
U.S. inflation rises 0.1% in May from prior month, less than expected

U.S. inflation rises 0.1% in May from prior month, less than expected

Published Wed, Jun 11 20258:32 AM EDTUpdated  Key Points The consumer price index increased...
World Bank sharply cuts global growth outlook on trade turbulence

World Bank sharply cuts global growth outlook on trade turbulence

Published Tue, Jun 10 202511:24 AM EDT Key Points The World Bank sharply cut its global eco...
Bulgaria is set to join the euro zone. But its citizens aren’t convinced

Bulgaria is set to join the euro zone. But its citizens aren’t convinced

Published Tue, Jun 10 20253:55 AM EDT Key Points Bulgaria is set to become the 21st member ...
CEO recession expectations decline from April scare, survey says

CEO recession expectations decline from April scare, survey says

Published Mon, Jun 9 202512:33 PM EDT Key Points Less than 30% of CEOs see either a mild or...
Inflation fears receded in May as Trump eased some tariff threats, New York Fed survey shows

Inflation fears receded in May as Trump eased some tariff threats, New York Fed survey shows

Published Mon, Jun 9 202511:00 AM EDTUpdated Mon, Jun 9 202512:25 PM EDT Key Points The New...
U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%

U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%

Published Fri, Jun 6 20258:30 AM EDTUpdated Fri, Jun 6 202512:04 PM EDT Key Points Nonfarm ...
Friday’s jobs report likely will show hiring cooled in May. Here’s what to expect

Friday’s jobs report likely will show hiring cooled in May. Here’s what to expect

Published Thu, Jun 5 20254:25 PM EDTUpdated Thu, Jun 5 20254:56 PM EDT Key Points Economist...
Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring

Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring

Published Wed, Jun 4 20252:25 PM EDTUpdated Wed, Jun 4 20256:31 PM EDT Key Points The U.S. ...
Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says

Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says

Published Wed, Jun 4 20258:15 AM EDTUpdated Wed, Jun 4 202511:43 AM EDT Key Points Private ...