Survey: Business economists push back US recession forecasts
A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
House panel calls for cryptocurrency fraud oversight
A House oversight subcommittee asked regulators and industry leaders on Tuesday to explain what they are doing to stop cryptocurrency fraud and other scams perpetrated on consumers.
Finance heads urged to boost fight against food insecurity
Treasury Secretary Janet Yellen urged world finance leaders Tuesday to “get concrete” as they look for ways to combat a looming crisis over food insecurity around the globe that Russia’s war in Ukraine has made even worse.
Study: Child poverty rising after tax credit expires
The number of children in America living in poverty jumped dramatically after just one month without the expanded child tax credit payments, according to a new study. Advocates fear the lapse in payments could unravel what they say were landmark achievements in poverty reduction.
California’s poor face new dilemma: inflation
California has the nation’s highest poverty rate, COVID-19 has hit poor families the hardest and they must now contend with escalating inflation of living costs.
