Scott Horsley

The company is offering nearly $9 billion to settle claims involving its talcum powder. The tentative deal has the backing of many people who sued Johnson & Johnson, but not everyone.

Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.

The collapse of two regional banks is expected to cost the government's deposit insurance fund more than $22 billion. The Biden administration says smaller banks shouldn't have to pick up the tab.

A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse

The collapse of Silicon Valley Bank will be the focus of a Senate hearing Tuesday. Senators want to know why it and a second bank failed this month, and how to prevent similar meltdowns in the future.

Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.

The Federal Reserve will decide Wednesday whether to keep raising interest rates to combat high inflation. The decision has been clouded by recent turmoil in the banking system.

The Treasury Secretary said the administration is committed to protecting the U.S. banking system and customers who trust their money to it.

The Federal Reserve is facing a decision this week on whether to raise interest rates again to fight inflation or take a breather to avoid putting more stress on the banking system.

A look back on the past week in banking news, explained.

Treasury Secretary Janet Yellen says bank depositors can feel confident their money is safe. Yellen promised a thorough review of what went wrong at two regional banks that failed in the past week.

Financial markets are on edge, after problems at a big Swiss bank triggered fresh worries about the safety of the banking industry. This follows the collapse of two regional U.S. banks.

Inflation eased in February, but consumer prices are still up 6% from a year ago. The Fed is wrestling with how hard to crack down — a difficult calculation after the collapse of two regional banks.

Consumer prices in February were 6% higher than a year ago, as inflation continues to ease. The data comes just days after the collapse of two regional lenders is roiling the banking system.

The Fed will be watching closely Tuesday when the new report card on inflation is released. The Fed's efforts to combat inflation have been complicated by recent stresses in the banking industry.

President Biden spoke this morning about the government's efforts to protect the banking system, after two regional banks collapsed in recent days.

U.S. employers added 311,000 jobs in February, a modest slowdown from the month before. The jobs report will be closely studied by the Federal Reserve as policymakers try to battle inflation.

U.S. employers added 311,000 jobs in February, only a modest slowdown from the previous month, indicating the labor market remains hot. The unemployment rate rose to 3.6% from 3.4% in January.

January was a blockbuster month for job creation as the unemployment rate fell to its lowest level in more than 50 years. February's data is released Friday.