Biden’s Debt Ceiling Strategy: Win in the Fine Print
The president and his negotiators believe they worked out a deal that allowed Republicans to claim big spending cuts even as the reality was far more modest.
Biden Praises Debt-Ceiling Deal in Address to the Nation
The president addressed the nation from the Oval Office on Friday evening, after congressional passage of legislation to prevent economic calamity.
The Debt-Ceiling Deal Suggests Debt Will Keep Growing, Fast
Negotiations to prevent a government default reaffirmed that the big drivers of future deficits are all off the table in a divided Washington.
U.S. Added 339,000 Jobs in May Despite Economic Clouds
Employers added 339,000 workers in May, the Labor Department said, though the report also offered signs of shakiness.
For Turkey, Erdogan Victory Brings More Risky Economic Policy
The Turkish lira has hit a new low, and analysts see few improvements ahead as re-elected President Erdogan pursues unconventional economic policies.
New World Bank President Ajay Banga Leads at a Pivotal Moment
The incoming president will be under pressure to juggle the global institution’s ambitions to combat climate change and fight poverty.
Strong Jobs Numbers Complicate Picture as Fed Hints at a ‘Skip’
Federal Reserve officials are expected to leave interest rates unchanged at their June 13-14 meeting. Fresh jobs data might make the choice harder.
Here’s What’s in the Debt Ceiling Deal
Two years of spending caps, additional work requirements for food stamps and cuts to I.R.S. funding are among the components in the deal.
How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants
The debt-limit legislation includes a provision meant to force both sides to pass additional bills following through on their deal: the threat of automatic cuts if they fail to do so.
Supreme Court Backs Employer in Suit Over Strike Losses
The justices ruled that federal labor law did not block state courts from ruling on a case regarding damage caused when workers walked off the job.
House Set to Vote on Debt Ceiling Bill Amid Republican Resistance
A bipartisan coalition was set to push through the compromise struck by Speaker Kevin McCarthy and President Biden, even as lawmakers in both parties signaled their displeasure with the plan.
Job Openings Rose in April, Defying Cooling Trend
The Labor Department report may put pressure on the Federal Reserve to raise interest rates further to stem inflation.
Debt Ceiling Deal Would Reinstate Student Loan Payments
The legislation would prevent President Biden from issuing another last-minute extension on the payments beyond the end of the summer.
‘We Have Fish, That’s Our Currency’
Along Ireland’s coast, fishing has been a way of life for generations. But changes to the industry — including a cut in quotas after Brexit and a government plan to scrap boats — may see a way of life disappear.
Remote Work Gives Amazon Workers a Common Cause
At Amazon, warehouse workers have shown support for corporate colleagues, noting they have nothing to gain if office workers lose flexibility that the pandemic proved possible.