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Economy

Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, Wednesday, June 14, 2023, at the Federal Reserve Board Building in Washington
Money

Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year

Top Fed officials want to take time to more fully assess how their rate hikes have affected inflation and the economy.

3 years ago

Noel Diarra speaks in front of several people gathered around a roundtable.
Money

Odunde is more than a celebration of African culture; officials say international trade is next

About two dozen business owners, ambassadors, and economic development leaders gathered to discuss how to work better together during the African Business Roundtable.

3 years ago

Listen 1:41
Supreme Court Associate Justice Ketanji Brown Jackson
Courts & Law

Justice Jackson reports flowers from Oprah, designer clothing as Thomas delays filing disclosure

The details of gifts given to Jackson were among the reports provided by most members of the court in their annual filings.

3 years ago

Desks are shown in a classroom (Tim Tia/Philadelphia Inquirer)
Education
Spotlight PA

Pa. officials spent $12.6M on private lawyers to fight challenge to state’s education funding

The legal battle, two state officials privately acknowledged, carries one of the highest price tags for outside lawyers in decades.

3 years ago

Democratic Gov. Josh Shapiro speaks at the state Capitol
Politics & Policy

Growing budget fight in divided Legislature could test Pennsylvania’s Democratic governor

House Democrats on Monday teed up a spending plan that goes well beyond what Shapiro proposed for the fiscal year starting July 1.

3 years ago

Pennsylvania State Capitol
Politics & Policy
Spotlight Pa

Pa. budget 2023: Your guide to what’s on the table, what comes next, and how to follow along

The Pennsylvania legislature has a June 30 deadline to complete a multibillion-dollar budget. Here’s what you need to know.

3 years ago

Tredyffrin Township police arrest protesters at the Matthews Road entrance to Vanguard offices. (Emma Lee/WHYY)
Science

How climate activists are working to shift trillions of dollars away from fossil fuels and into renewables

They are increasingly targeting corporations, asset managers, and retirement funds with both moral suasion and financial muscle.

3 years ago

Listen 7:15
Construction workers work on a scaffolding.
NPR
Money

Amazingly, the U.S. job market continues to roar. Here are the 5 things to know

Employers added a whopping 339,000 jobs last month, a stunningly strong number. Here are some of the key takeaways of the country's red hot labor market.

3 years ago

Joe Biden
Politics & Policy

Biden celebrates bipartisanship, ‘crisis averted’ in Oval Office address on debt ceiling deal

Biden’s speech on Friday, scheduled for 7 p.m. EDT, will be the most extended remarks from the Democratic president on the compromise.

3 years ago

Joe Biden
Politics & Policy

How Biden and McCarthy struck a debt limit deal and staved off a catastrophe

Perhaps most critical to locking up the debt limit deal were President Joe Biden and House Speaker Kevin McCarthy’s five handpicked negotiators.

3 years ago

A help wanted sign
Community

Philadelphia metro labor market ‘really resilient’ as region rebounds

New data from the U.S. Bureau of Labor Statistics shows that health services and hospitality drove job growth across the Philadelphia metro area over the past 12 months.

3 years ago

Listen 1:38
President Joe Biden talks with House Speaker Kevin McCarthy of Calif., as they walk down the House steps as they leave after attending an annual St. Patrick's Day luncheon gathering at the Capitol in Washington, March 17, 2023. The Tuesday, May 9, White House sitdown between the president and congressional leaders will be the first substantive talks between Biden and McCarthy in months, and comes weeks after House Republicans voted on a bill that would raise the debt limit but impose significant federal spending cuts
Politics & Policy

House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

Swift passage by the Senate would ensure government checks will continue to go out to Social Security recipients, veterans and others and would prevent financial upheaval.

3 years ago

President Joe Biden talks with House Speaker Kevin McCarthy of Calif., as they walk down the House steps as they leave after attending an annual St. Patrick's Day luncheon gathering at the Capitol in Washington, March 17, 2023. The Tuesday, May 9, White House sitdown between the president and congressional leaders will be the first substantive talks between Biden and McCarthy in months, and comes weeks after House Republicans voted on a bill that would raise the debt limit but impose significant federal spending cuts
Politics & Policy

As House debt ceiling vote nears, Biden shores up Democrats and McCarthy confident of GOP support

The debt ceiling and budget cuts package is heading toward a crucial House vote.

3 years ago

House Speaker Kevin McCarthy of Calif., speaks with reporters on the debt limit as he walks, Tuesday, May 30, 2023, on Capitol Hill in Washington
Politics & Policy

Facing GOP backlash, McCarthy labors to shore up votes for debt deal in time to prevent US default

The Republican speaker urged GOP skeptics Tuesday to look at “the victories” in the package he negotiated with President Joe Biden.

3 years ago

House Speaker Kevin McCarthy of Calif., speaks to reporters about debt limit negotiations, Wednesday, May 24, 2023, on Capitol Hill in Washington. President Joe Biden and McCarthy came to an “agreement in principle” on the debt limit Saturday, May 27 that would avert a potentially disastrous U.S. default, but still has to pass both houses of Congress.
Politics & Policy

Takeaways on debt ceiling: McCarthy’s balancing act, Biden’s choice and the challenges ahead

The agreement is a two-year budget deal that would essentially hold spending flat for 2024, while boosting it for defense and veterans, and capping increases at 1% for 2025.

3 years ago

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