Economy

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by the White House and Congress.

Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent economic growth from reigniting inflation.

Treasury Secretary Scott Bessent defended releasing monthly jobs reports amid accuracy concerns, emphasizing the need for improved data collection rather than pausing monthly releases.

The iconic film company Kodak has been failing to capitalize on digital photography technology it invented in 1975, leading to bankruptcy and ongoing struggles.

The Food and Drug Administration could pull Pfizer's coronavirus vaccine emergency authorization for children under age 5.

A key official in the Trump administration's economic team touted the July CPI inflation report as evidence that tariff-induced inflation isn't going to materialize as economists fear.

GE Appliances plans to create 1,000 new jobs across Kentucky, Alabama, Georgia, Tennessee and South Carolina facilities as part of major expansion initiative

DermaRite Industries issued a voluntary recall of hand soaps and antiseptics with a bacteria contamination that could lead to "life-threatening sepsis."

The U.S. national debt surpassed a historic $37 trillion milestone for first time as Treasury Department data shows federal government accumulating debt at rapid pace.

Kodak warned in a Securities and Exchange Commission filing that it faces serious financial concerns, citing substantial doubt about continuing operations.

Heritage Foundation economist E.J. Antoni, tapped to lead Bureau of Labor Statistics, calls monthly jobs data unreliable after recent job downward revision.

President Donald Trump criticized Goldman Sachs CEO David Solomon over a tariff report showing U.S. consumers ultimately bear the costs, telling him to focus on being a DJ instead.