Economy - /contrib/economy

Congress is proposing a new gas stimulus giving individuals making $75,000 or less $100 when gas prices exceed $4 per gallon.

University of Michigan's Survey of Consumers results for the end of March found that consumer sentiment fell to a new decade-long low as concerns about inflation worsen during Russia's invasion of Ukraine.

National Association of Home Builders CEO Jerry Howard warned consumers Friday that the housing market is currently "staring into the face of a perfect storm," and argued that this is a "bad sign" for the American economy.

Pending home sales, a leading indicator of the health of the housing market, declined for the fourth straight month.

More than half of Americans paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report.

With gas prices in the United States the highest they've been in 14 years, drivers are facing a new kind of pain at the pump: fueling limits that may deny them a full tank.

A trio of bills in Congress would offer stimulus payments and rebates to help Americans cope with soaring gas prices.

JPMorgan Chase CEO Jamie Dimon told President Biden the White House needs to create a "Marshall Plan" to develop more domestic gas and other energy resources, Axios has learned. Why it matters: The Biden administration has been struggling to convi

Goldman Sachs now expects the Fed to hike interest rates by 50 basis points in both May and June. Fed Chair Jerome Powell said Monday the central bank is ready

"The odds of a 50 bps rate hike are rising," analysts say.

A group of House Democrats introduced a plan for monthly gas checks to families. It would provide $100 for singles earning below $75,000 and $200 for couples

At the grocery store and the hospital, the staples of life in the US are leaving Americans shelling out far more than they did before the pandemic.

Sales of U.S. Previously Owned Homes Decline to a Six-Month Low

The worst is yet to come for American consumers, experts say, as gas prices hit a national average of $4.28 per gallon on Wednesday.

The U.S. economy is growing again. Jobs are plentiful.But the American income divide continues to grow. Low-income Americans are worse off than during the pandemic recession when it comes to the money they spend on basic goods and services. The spike in t

Political support for banning Russian energy imports is growing in both parties, and the White House said the topic is under discussion — though it said President Biden had not made a decision. | Local News from KRQE News 13 in Albuquerque, New Mexi

Russia's invasion of Ukraine has roiled global oil and gas markets and helped drive the average price of a gallon of gas in the U.S. past the $4 per gallon mark for the first time since 2008. Utah's average price is currently $3.85 per gallon.

Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy supplies from Russia, a senior minister said on Monday.

The president's options may be limited when it comes to a growing concern over recent spikes in the price of gas for Americans.

The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional committees moving forward with their own ban.