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California law on the humane raising of pigs survives Supreme Court challenge

Proposition 12 would require sows to be kept in enclosures that are at least 24 square feet in size, which industry groups say would impose significant burdens on many pig farmers.
Piglets sit in a pen at a farm in Walcott, Iowa
Piglets sit in a pen at a farm in Walcott, Iowa
3d ago

Debt ceiling meeting between Biden and congressional leaders is delayed

The meeting set for Friday has been postponed until next week, sources said, as the U.S. seeks to avoid a first-ever default on its debt ahead of a June deadline.
Speaker of the House Kevin McCarthy and President Joe Biden speaks before a meeting on the debt limit in the Oval Office on Tuesday, May 9, 2023.
Speaker of the House Kevin McCarthy and President Joe Biden speaks before a meeting on the debt limit in the Oval Office on Tuesday, May 9, 2023.
5d ago

Consumer price growth falls to below 5% for the first time in two years

It's evidence that the Federal Reserve's interest rate hikes are having the intended effect, but there are still some warning signs ahead for the economy.
A shopper at a grocery store in Glen Cove, N.Y. on Feb. 23, 2023.
A shopper at a grocery store in Glen Cove, N.Y. on Feb. 23, 2023.

14th Amendment option on the debt ceiling would need to overcome DOJ concerns

The Office of Legal Counsel advised President Obama about whether he could raise the government's borrowing limit unilaterally, but its opinion has never been made public.
Then-President Barack Obama and then-Vice President Joe Biden speak in the South Court Auditorium
Then-President Barack Obama and then-Vice President Joe Biden speak in the South Court Auditorium

Biden to meet with congressional leaders over debt ceiling

President Biden is set to host congressional leaders at the White House as the battle over raising the debt ceiling continues on Capitol Hill. NBC News’ Mike Memoli breaks down what to expect from Biden’s meeting with members of Congress.
Biden to meet with congressional leaders over debt ceiling
Biden to meet with congressional leaders over debt ceiling
6d ago

McCarthy approaches Biden debt ceiling talks with the economy — and his job — at stake

To become speaker, Kevin McCarthy made it easier for hard-right members to remove him. Negotiating a debt ceiling deal with President Joe Biden could put his gavel on the line.
President Biden Meets House Speaker McCarthy At White House
President Biden Meets House Speaker McCarthy At White House
7d ago

Jeffries won't commit to a short-term debt ceiling deal, insists on clean increase

The White House weighs trying to broker a short-term extension of the debt ceiling to allow more time to pass a larger increase.
House Minority Leader Hakeem Jeffries, D-N.Y., at the Capitol on April 28, 2023.
House Minority Leader Hakeem Jeffries, D-N.Y., at the Capitol on April 28, 2023.
9d ago

Debt limit debate endangers already fragile U.S. economic outlook

As the nation barrels toward a June 1 deadline to find a resolution, economists and market watchers say the stakes have spiked borrowing costs amid a tanking stock market.
The U.S. Treasury Dept. Building on Thursday, June 27. This week the Deptartment announced new sanctions on Iran and Venezuela, as well as beginning a review to determine why the decision to change the planned redesign of the $20 Bill with Harriet Tubman was recently abandonned.
The U.S. Treasury Dept. Building on Thursday, June 27. This week the Deptartment announced new sanctions on Iran and Venezuela, as well as beginning a review to determine why the decision to change the planned redesign of the $20 Bill with Harriet Tubman was recently abandonned.

U.S. economy adds 253,000 jobs in April

The U.S. added 253,000 jobs in April and the unemployment rate dropped to 3.4 percent. President Biden touted the report but accused Republicans of putting the economy at risk over the debt ceiling. NBC News’ Catie Beck has more details on the country’s uncertain economic future.
U.S. economy adds 253,000 jobs in April
U.S. economy adds 253,000 jobs in April
9d ago

College seniors are graduating into a job market in flux, but a handful of industries are still eager to hire

Economists say career adaptability will be key for entry-level applicants as the economy continues to shift.
People attend a career fair at a community college in Bolivia, N.C.
People attend a career fair at a community college in Bolivia, N.C.
9d ago

Flush with cash, the IRS is offering a more accurate picture of when the U.S. will hit debt ceiling

Tax and policy experts say the up-to-date IRS data is invaluable to understanding the nation’s financial position as the debate over whether to raise the debt ceiling drags on.
A man wearing a mask rides a scooter past the Internal Revenue Service headquarters
A man wearing a mask rides a scooter past the Internal Revenue Service headquarters