US Healthcare Spending Soared to $5 Trillion in 2024
U.S. healthcare spending rose by 7.2% to $5.3 trillion in 2024 from $4.9 trillion in 2023, driven by increased health insurance enrollment and a jump in use of medical services, particularly in private health insurance plans, the U.S. Centers for Medicare & Medicaid...
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Trump Team Completes $500 Million Venezuela Oil Sale
The U.S. has completed its first sales of Venezuelan oil under a new Trump-era arrangement valued at about $500 million. The proceeds are being held in U.S.-controlled accounts, including a main one in Qatar.
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Trump Push to Buy Greenland Could Cost US Up to $700 Billion
The United States could be looking at a bill as high as $700 billion if it tried to fulfill President Donald Trump's long-stated goal of buying Greenland, according to three people familiar with a cost estimate developed for planning purposes.
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Fed: US Economic Activity Rose in Recent Weeks
Economic activity increased in most parts of the U.S. and employment was mostly unchanged in recent weeks, the Federal Reserve said Wednesday in a report that may do little to sway policymakers' interest rate views ahead of the central bank's meeting in two weeks.
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Bipartisan Deal Pushes $50B in Foreign Aid Spending
Republicans struck a bipartisan, bicameral funding deal with Democrats to send roughly $50 billion overseas, defying DOGE-backed spending cuts and President Donald Trump's push to dismantle the U.S. Agency for International Development, Foreign Policy reported.
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Wholesale inflation was softer than expected, retail sales moved higher in November
Wholesale prices moved up less than expected while consumers kept up a heavy buying pace, according to economic data Wednesday.
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