WASHINGTON – The quickest way to get $6.4 billion in humanitarian and security aid to Ukraine is to include in the upcoming omnibus spending bill, U.S. Senate Majority Leader Chuck…
WASHINGTON – U.S. Senate talks on an omnibus spending bill to fund the U.S. government have hit a snag over defense spending related to Ukraine, Senate Republican leader Mitch McConnell…
WASHINGTON – U.S. construction spending surged in January, boosted by strong outlays on single-family homebuilding and private nonresidential structures. The Commerce Department said on Tuesday that construction spending increased 1.3%.…
LONDON – British consumer spending edged up in the week to Feb. 17, but other measures were hurt by a series of winter storms which hit the country, weekly data…
By Anna Ringstrom STOCKHOLM – IKEA said on Thursday it would invest £1 billion ($1.4 bln) in London over three years, as it opened the doors to its first high…
Obama Treasury Official Blames Federal Spending For Inflation Crisis Ailan Evans on February 17, 2022 Former Obama administration economic official Steven Rattner pushed back on President Joe Biden’s explanation of…
WASHINGTON – The U.S. Senate is expected to hold a procedural vote on a stop-gap funding bill on Thursday, Majority Leader Chuck Schumer said on Wednesday. The spending bill would…
Consumer spending surged in January amid soaring inflation, the Commerce Department announced Wednesday. Retail sales grew 3.8% in January, far exceeding the 2.1% Dow Jones estimate, the Commerce Department announced…
-Canada’s Shopify Inc on Wednesday forecast a slowing pace of revenue growth in the first half of the year, and said it was ramping up spending on a network of…
Miami, Florida – Yesterday, a federal district judge in Fort Lauderdale sentenced Isaac Grossman, 47, of Parkland, Florida, to 87 months in federal prison for directing an elder fraud scheme…
First Lady Jill Biden acknowledged that her key initiative, free community college, would not be included in the Democrats’ spending bill while giving a speech on Monday, The New York…
By William Schomberg LONDON – British consumers slowed the pace of their spending last month as the Omicron COVID-19 wave hit fuel sales and kept people away from bars and…
ZURICH – Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group’s shareholders next week. The maker…
WASHINGTON – U.S. construction spending increased less than expected in December as a solid rise in private projects was partially offset by a sharp decline in outlays on public projects.…
By Lucia Mutikani WASHINGTON – U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid snarled supply chains and raging COVID-19 infections, while…
By Helen Coster and Eva Mathews – Comcast Corp is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals…
By Jonnelle Marte – U.S. consumers expect their monthly spending to grow above pre-pandemic levels this year but people are becoming less likely to spend big on vacations and other…
Senate Parliamentarian Elizabeth MacDonough rejected another Democratic effort to include immigration reform in President Joe Biden’s spending bill. MacDonough’s ruling, which came late Thursday, is Democrats’ latest setback in their…
The U.S. Chamber of Commerce sent letters to members of Congress on Thursday urging them to cut two sections of President Joe Biden’s spending bill that empower the Federal Trade…
Senate Democrats’ hope to pass President Joe Biden’s tax and spending bill before 2022 may be slipping away, leading Majority Leader Chuck Schumer to consider making another Hail Mary attempt…
Two polls conducted in West Virginia and New Hampshire show that Americans believe President Joe Bident’s spending plans will drive up inflation. A Remington Research Group poll conducted in West…
Democratic West Virginia Sen. Joe Manchin, the likely deciding vote for Democrats’ massive spending package, expressed concerns with the bill’s central climate provision on Wednesday. The West Virginia senator suggested…
U.S. consumer spending this holiday season is expected to soar despite growing concerns over inflation and supply chain backlogs that may delay shipping, according to a CNBC survey. Americans, on…
House Democrats passed President Joe Biden’s nearly $2 trillion spending package Nov. 19 after months of high-stakes negotiations, but it faces an even rockier path through the 50-50 Senate before…
U.S. consumer spending grew in October as consumers prepared for holiday shopping with inflated prices and continuing supply chain issues. Household spending increased 1.3% in October compared to the previous…