Scott Horsley
Stories
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Politics
The U.S. could run out of cash to pay its bills by June 1, Yellen warns Congress
Treasury Secretary Janet Yellen warned lawmakers that unless the debt ceiling is raised soon, the federal government may not have enough money to pay its bills as early as June 1.
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Business
The Fed admits some of the blame for Silicon Valley Bank's failure in scathing report
The Federal Reserve says its own light-touch approach to bank regulation is partly to blame for the collapse of Silicon Valley Bank last month, and it promised more vigorous oversight in the future.
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Politics
What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report
The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.
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Business
Tax deadline arrives as the IRS embarks on a 10-year, $80 billion makeover
Tuesday is the deadline to file your income taxes. After years of underfunding, the IRS is beefing up to improve customer service, and to make sure people actually pay the taxes they owe.
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Business
Inflation eased in March but prices are still climbing too fast to get comfortable
Consumer prices in March were up 5% from a year ago. While inflation has eased from a four-decade high last summer, prices are still rising faster than the Federal Reserve would like.
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Business
The job market is cooling as higher interest rates and a slowing economy take a toll
U.S. employers added 236,000 jobs in March as hiring slowed from the previous month. Unemployment dipped to 3.5%, from 3.6% in February.
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Business
Johnson & Johnson offers to pay $8.9 billion to settle talcum powder lawsuits
Johnson & Johnson is offering nearly $9 billion to settle claims involving its talcum powder. The tentative deal has the backing of many people who sued the company, but not everyone.
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Politics
Social Security is now expected to run short of cash by 2033
Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.
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Politics
5 things we learned from the Senate hearing on the Silicon Valley Bank collapse
A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse
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Politics
The Fed raises interest rates again despite the stress hitting the banking system
The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.