Such proposals are likely to face resistance from the banking industry and some congressional Republicans, who argue that the Fed had the necessary tools to prevent the bank collapses but failed to use them.
Despite the big increase, the government’s third and final report on January-March economic growth still marked a deceleration from the 2.6% annual rate from October through December and the 3.2% growth from July through September.
The decision will force institutions of higher education to look for new ways to achieve diverse student bodies.
The Fed’s report issued Wednesday did show some relative weakness among the midsize banks and “super regional” banks, with some getting a passing grade with a smaller cushion than usual. Those results could raise eyebrows among investors and policymakers.
The nonpartisan agency estimates in its latest 30-year outlook, released Wednesday, that publicly held debt will be equal to a record 181% of American economic activity by 2053.
Analysts say a “rolling recession” and what they call a “richcession” could help the economy as a whole manage to avoid a full-fledged recession.
Drifting smoke from the ongoing wildfires across Canada has created curtains of haze and raised air quality concerns throughout the Great Lakes region and in parts of the central and eastern United States.
A shortfall in lithium would be an obstacle for government and industry plans to ramp up sales to tens of millions of electric vehicles a year. It is fueling political conflict over resources and complaints about the environmental cost of extracting them.
A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all electric vehicles.
Meta is adding some new parental supervision tools and privacy features to its platforms as social media companies face increasing scrutiny over their effects on teen mental health.
Travelers waited out widespread delays at U.S. airports on Tuesday, an ominous sign heading into the long July 4 holiday weekend, which is shaping up as the biggest test yet for airlines that are struggling to keep up with surging numbers of passengers.
The company confirmed Tuesday that it was starting to notify several hundred engineers and other salaried employees that their jobs are being eliminated. The firings come after around 200 Ford contract employees were let go last week.
Hotel chains, retailers, investment firms, railroad companies and even the IRS have signaled on recruiting platforms that they are hiring software engineers, data scientists and cybersecurity specialists.
The Conference Board said that consumers’ fears of a recession declined in June, with 69.3% of respondents saying a recession is somewhat or very likely in the next 12 months, down from 73.2% in May.
According to letters that the airlines were required to file with regulators, hackers gained access to names, birth dates, Social Security and passport numbers, and driver and pilot-license numbers of applicants for pilot and cadet jobs.
Medical experts predict the pills will be popular, especially among people who want to lose weight but are fearful of needles.
The high court has 10 opinions left to release over the next week before the justices begin their summer break. The last opinions to be released cover some of the most contentious issues.
Former Vice President Mike Pence used a Friday gathering of some of the nation’s leading Christian conservatives to urge his rivals for the Republican presidential nomination to support a federal abortion ban.
The Indiana Pacers had the No. 7 pick and Washington was at No. 8, but after the teams made their picks, NBA Commissioner Adam Silver announced the teams were exchanging the players in a trade to be finalized later.
Buffalo Bills trainers Nate Breske and Denny Kellington, speaking at an athletic trainers convention in Indianapolis, said they are urging schools and youth leagues to start creating their own emergency-action plans.
