US Economy

Budget Battles

  • FILE PHOTO - A man injects himself with heroin using a needle obtained from the People's Harm Reduction Alliance, the nation's largest needle-exchange program, in Seattle

    How the Opioid Crisis Is Damaging the US Economy

    By Evelyn Cheng

    The opioid crisis has major costs for the U.S. economy, including the labor market, David Mericle, senior U.S. economist at Goldman Sachs, said in a Wednesday note. The report is one of the first...

  • Is Cash No Longer King? The Future of Paper Money

    By Dana Kornberg, The Conversation

    On June 27, the ATM turns 50 . Former U.S. Federal Reserve Chairman Paul Volcker once described it as the “ only useful innovation in banking .” But today, the cash that ATMs dispense may be on the...

  • A trader looks at a screen that charts the S&P 500 on the floor in New York

    Is the Fed Fighting the Trump Rally?

    By Anthony Mirhaydari

    The evidence is growing that the Federal Reserve’s policymakers are actively working to lean against the stock market's rise, a dramatic reversal from the years of policy support stock market bulls...

  • How GOP Tax Reform Could Affect Your Retirement Account

    By YLAN Q. MUI, CNBC

    The fight over tax reform is starting to get personal. So far, much of the debate in Washington has centered on overhauling the corporate tax code. But a new coalition of consumer and industry groups...

  • FILE PHOTO - Federal Reserve Chair Janet Yellen testifies on the U.S. economic outlook, before the Congressional Joint Economic Committee on Capitol Hill, in Washington, D.C., U.S., November 29, 2017. REUTERS/Carlos Barria

    Why Janet Yellen Says We Don't Have to Worry About Another Financial Crisis

    By William Schomberg and Marc Jones, Reuters

    U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the...