Scott Horsley

With the potential of a default looming, Washington looks for answers on how to solve the debt ceiling impasse.

The U.S. is expected to hit its debt ceiling Thursday, forcing the Treasury to take "extraordinary measures" to pay off its bills. A political stalemate could lead to an unprecedented federal default.

Treasury Secretary Janet Yellen wants Congress to raise the federal debt limit fast to avoid a default. House Republicans say they'll use the negotiations to win concessions on government spending.

Inflation cooled a bit last month as gas prices fell sharply and the price of new cars declined for the first time in nearly two years. Overall prices are still climbing much faster, however.

Annual inflation continued to ease, cooling to 6.5% in December, but prices are still climbing at a rapid rate, meaning people have to work longer and harder to keep the same standard of living.

More Americans are leaning on their credit cards to cope with rising prices. And as interest rates continue to climb, that debt is getting more and more expensive.

The U.S. job market is still tight, with an unemployment rate of just 3.5%. Employers slowed their rate of hiring last month, which should ease the Federal Reserve's fears of inflation.

U.S. employers added 223,000 jobs last month and the unemployment rate fell to just 3.5%, matching the lowest level in half a century. The overall job market remains tight.

U.S. employers added 223,000 jobs in December, as the unemployment rate dipped to 3.5%. Despite some high-profile layoff announcements, the overall job market remains tight.

The Labor Department reports Friday on December's job gains. Despite some high-profile layoff announcements, the overall job market remains tight.

It was once cutting edge to get DVDs in the mail for a low monthly subscription. Then came the fragmented world of streaming. But what about the last holdouts who are all about the disc?

Partridge prices were flat this year, but the cost of pear trees jumped more than 25%. PNC bank has run the numbers on all 12 days of Christmas, as it calculates its annual holiday price index.

Partridge prices were flat this year, but the cost of pear trees jumped more than 25%. PNC bank has run the numbers on all 12 days of Christmas — as it calculates its annual Holiday Price Index.

China is facing possibly the world's biggest coronavirus surge yet. At the high end of estimates, 800 million people in China could become infected. What does this mean for China and other countries?

Inflation may be slowing, but prices are still climbing much faster than Americans are used to. The Federal Reserve's dramatic steps to bring it to heel appear to be working - somewhat.

The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.

The Federal Reserve is expected to raise interest rates by a half point Wednesday as efforts to curb inflation show progress. November's annual inflation rate was the lowest in 11 months.

Inflation eased in November, thanks to falling gasoline prices. Consumer prices were 7.1% higher than a year ago. The news comes on the eve of another likely interest rate hike by the Fed.

A new government report shows inflation cooled a bit in November. But prices are still climbing and the Federal Reserve is preparing to raise interest rates again.

The US job market is strong, with employers adding more than a quarter-million jobs every month. President Biden cheered the latest jobs report, but it could put more fuel on the fire of inflation.