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National Gas Prices Fall Below Three Dollars Nationwide

United States. National gasoline averages fell below $3 this week, with GasBuddy reporting a $2.90 national average and AAA reporting $2.95 as of Dec. 8, 2025. Multiple state-level reports show varied local movement: Wyo…

US Officially Assumes G20 Presidency, Excludes South Africa

United States — The U.S. assumed the G20 presidency on Dec. 1 and announced priorities to refocus the forum on economic growth, regulatory reform, energy supply security and technological innovation. The State Department…

Gas Prices Fall Nationwide Ahead Of Holiday Travel

United States. GasBuddy data showed the national average gasoline price fell below $3 per gallon over the Thanksgiving weekend, and local outlets reported week-over-week declines in multiple states this week. Drivers in …

Courts extend SNAP funding as families worry

On a tense Saturday in Springfield, shoppers trimmed their carts as federal courts in Rhode Island and Massachusetts ordered the Trump administration to keep SNAP funded through the shutdown, with a Rhode Island judge di…

Fed Cuts Rate; Powell Tempers December Expectations

The Federal Reserve cut its benchmark rate by a quarter point to about 3.9%, the second reduction this year, aiming to support growth and hiring amid still-elevated inflation. Chair Jerome Powell warned another cut in De…

CBO: Shutdown to Leave Up to $14B Unrecovered

WASHINGTON — The shutdown is costing the U.S. economy about $7 billion per month that won’t be recovered, the nonpartisan CBO told House Budget Chair Jodey Arrington. For four-, six-, and eight-week durations, unrecovere…

Trump, Xi Seek to Cool Trade Standoff

Gyeongju, South Korea — Presidents Donald Trump and Xi Jinping meet Thursday on APEC’s sidelines, with US officials signaling a pause on China’s rare earth export controls and new US tariffs. The talks follow threats of …

Fed set for second rate cut amid uncertainty

The Federal Reserve is expected to cut its benchmark rate by a quarter point Wednesday—its second in six weeks—as officials prioritize a weakening labor market over still-elevated inflation. Layoff announcements are pili…

Fed Seen Cutting Rates, Weighing Early QT End

With a rate cut expected Wednesday, attention is shifting to whether the Federal Reserve will halt quantitative tightening amid mounting funding strains. Repo rates have brushed the Fed’s ceiling, driving reluctant use o…

SNAP Halt, Trump in Japan, Melissa Looms

More than 40 million Americans may lose SNAP aid Nov. 1, as the administration says no funds remain and the USDA rejects using contingency money, blaming Democrats amid the ongoing shutdown. In Japan, President Trump add…

Home Price Gains Lag Inflation Amid High Rates

U.S. home-price growth cooled in August, rising 1.5% year over year versus 1.6% in July, the Case‑Shiller index shows, trailing 3% inflation and marking a fourth straight month of real equity erosion. Nearly all metros f…

SNAP Aid to Halt as Shutdown Persists

With the U.S. government shutdown unresolved, the USDA says SNAP benefits will not be issued November 1, halting about $8 billion in monthly aid for roughly 42 million people. Recipients like Maine single mother Kasey Mc…

Smaller Families Reshape Economies, Strain Aging Societies

Families are choosing smaller sizes worldwide, NPR reports, with some like Ashley and Nick Evancho deciding “one is enough.” UN data show fertility has fallen by more than half since the 1970s; the U.S. rate hit a record…

USDA: No November Food Benefits During Shutdown

The USDA said Saturday it will not issue November food benefits amid the federal shutdown, now in its 25th day, saying "the well has run dry," as Congress remains at an impasse. The announcement followed a push by more t…

SNAP faces shutdown as funding warnings mount

As a federal shutdown drags on, advocates warn that SNAP benefits could be halted on 1 November, imperiling food aid for 42 million people. The USDA has told regional directors to hold payments “until further notice,” ev…

SSA sets 2.8% 2026 COLA increase

Social Security benefits will rise 2.8% in January, adding $56 a month for 75 million recipients, the Social Security Administration said Friday. The 2026 cost-of-living adjustment edges above last year’s 2.5% increase; …

Inflation Eases; Social Security Benefits Rise

Inflation cooled slightly in September, with consumer prices up 3.0% year over year and 0.3% on the month, undershooting forecasts, the Bureau of Labor Statistics reported Friday. The release arrived nine days late due t…

Companies absorb tariffs, eye gradual price hikes

Goldman Sachs says firms passed 37% of new tariffs to consumers, pushed 9% to suppliers and absorbed 51% — a hit big enough to reverse inflation’s fall, yet less pass-through than at the same point in the prior tariff bu…

Federal shutdown imperils SNAP; states brace

With a federal shutdown dragging on, SNAP benefits for nearly 42 million Americans could stop Nov. 1, putting families like Shari Jablonowski’s in crisis. The USDA says payments are on hold “until further notice,” blamin…

Rural Missouri Food Bank Demand Doubles Amid Cuts

At a mobile food bank in Clinton, Missouri, 74-year-old Lorna Hall spent the night in her car as rising costs and shrinking aid deepen rural hunger. Leo and Donita Barnett called the assistance a lifeline among roughly 1…

US Demands EU Ease Rules as CP2 Approved

The US and Qatar warned the EU that its corporate sustainability due diligence directive poses an “existential threat” to European economies and urged lawmakers to repeal or pare it back, arguing it would restrict LNG im…

U.S. Debt Tops $38 Trillion Amid Shutdown

The U.S. gross national debt has topped $38 trillion for the first time, Treasury data show, as a government shutdown leaves hundreds of thousands of federal workers unpaid and stalls the economy. Experts warned the impa…

Takaichi Orders Inflation Measures, Supplementary Budget

Japan’s new Prime Minister, Sanae Takaichi, has ordered a fresh package of economic measures to ease the inflation strain on households and companies. Takaichi, who became Japan’s first female premier on Tuesday, provide…

Shutdown, layoffs stall LIHEAP aid as winter nears

Millions of Americans may ration heat this winter as a federal shutdown and mass layoffs stall $4bn in LIHEAP aid, the National Energy Assistance Directors Association warned. Congress approved the funds after an unsucce…

Shutdown Stirs Fears Over ACA Subsidy Expiration

As the federal shutdown enters a third week, a partisan standoff over extending enhanced ACA premium tax credits has Americans on edge. Democrats want extensions before reopening; Republicans insist on a clean funding bi…

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