Yellen says China trip "has been successful" in forging relationships
Yellen believes her visit to Beijing created "opportunity for a deeper set of more frequent contacts," she said on "Face the Nation" Sunday.
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Yellen believes her visit to Beijing created "opportunity for a deeper set of more frequent contacts," she said on "Face the Nation" Sunday.
The U.S. added 209,000 jobs in June, according to the latest numbers from the Labor Department, a sign that the job market could be cooling, some economists said. However, the unemployment rate dropped slightly to 3.6% as President Biden took a different tone, saying the report indicates steady growth. Natalie Brand has more.
The U.S. economy added fewer jobs than predicted in June, sending stocks seesawing even as the unemployment rate remained steady. The report sparked fears that the Fed will raise interest rates again. Natalie Brand is at the White House with more.
CBS News foreign correspondent Ramy Inocencio has the latest world financial news, including expectations for Treasury Secretary Janet Yellen's meetings with Chinese officials and a spike in Americans visiting Europe.
The U.S. added 209,000 jobs in June, the Labor Department reported on Friday. The unemployment rate dropped slightly to 3.6% from 3.7% in the prior month. CBS News reporter Sarah Ewall-Wice has more.
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to trade, but not at the expense of security.
Hiring reflects a sharp slowdown compared with May, reflecting economic headwinds facing some businesses.
Millions of Americans are preparing to resume paying back their student loans in October. That's after the Supreme Court overturned President Biden's plan to forgive up to $20,000 in debt last week. Emily Irwin, managing director and senior director of advice at Wells Fargo Wealth and Investment Management, has tips for how to prepare.
President Biden touted his economic agenda during a speech in South Carolina on Thursday. The president criticized Republican lawmakers for voting against the Inflation Reduction Act, while pointing out those measures are leading to job increases in red states. CBS News senior White House correspondent Weijia Jiang joins "America Decides" to discuss how the president is framing his economic policies to voters.
President Biden spoke at a plant in South Carolina Thursday, touting his administration's economic accomplishments and a plan the White House has dubbed "Bidenomics." He also called for a major commitment to improving the country's infrastructure. CBS News reporter Willie James Inman has more.
According to AAA, the national average of a gallon of gas is $3.53, down from an average of $4.78 a year ago. Patrick De Haan, head of petroleum analysis at GasBuddy, joined CBS News to talk about what could keep prices at the pump trending down.
Treasury Secretary Janet Yellen is the second top-ranking Biden administration official to visit China in recent weeks.
American teens are experiencing a strong job market and high wages this summer. Carter Evans has more.
Americans are racking up all-time high levels of credit card debt. Ted Rossman, senior industry analyst for CreditCards.com, has tips if you're struggling with high balances.
New economic indicators closely watched by the Federal Reserve suggest an expected interest rate hike in July may not be locked in after all. The personal consumption expenditures index shows prices easing slightly for the month of May as consumer spending begins to slow. New York Times business reporter Jordyn Holman joined CBS News with more.
New data shows the British economy grew slightly in 2023's first quarter, keeping the country out of recession. CBS News' Ramy Inocencio has more on that and travelers taking summer vacations to Europe in this week's MoneyWatch International.
Unemployment numbers arrived Thursday morning with new claims decreasing over the past week. CBS News' Sarah Ewall-Wice has more on that and comments about inflation from Fed Chair Jerome Powell.
Jared Bernstein, Council of Economic Advisers chairman, joins CBS News' chief election & campaign correspondent Robert Costa to discuss President Biden's new economic plan, which Mr. Biden unveiled Wednesday in Chicago.
Several of the nation's top banks excelled in their yearly stress test, according to the Federal Reserve. The Fed tested how 23 banks — each with more than $100 billion in assets — would fare in an economic downturn. Lori Bettinger, president of a network of community banks known as BancAlliance, joins CBS News to break down the test results.
President Biden has unveiled his new plan for the U.S. economy. During a speech in Chicago, he touted growing the economy by focusing on expanding the middle class. CBS News White House reporter Bo Erickson has more.
President Biden touted his administration's economic policies during a speech in Chicago on Wednesday. The pitch comes as the president ramps up his reelection campaign, but recent CBS News polling found a majority of Americans think the condition of the economy is bad. Ed O'Keefe and Robert Costa join "America Decides" to break down the remarks.
Cookout costs will vary, but Americans hitting the road are about to save $2.6 billion on gas this holiday weekend over last year.
President Biden had a tough sell Wednesday, trying to convince voters that the U.S. economy is flourishing.
Realtor.com has flipped its housing market forecasts for this year. The real estate company is now predicting home and rent prices will decline. James Rodriguez, a senior real estate reporter for Insider, joins CBS News with more.
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