Money

By Alicia Wallace, CNN The US government recorded a monthly budget deficit of $249 billion in November, a 30% increase from a year earlier amid increased spending and falling revenue, the Treasury Department reported Monday. Federal budget outlays increased by $28 billion, or 6% in November, with agencies such as the Education Department reporting increased

By Allison Morrow, CNN With his vast crypto empire in ruins, Sam Bankman-Fried is preparing to be grilled by US lawmakers who are demanding answers about how his digital asset exchange, FTX, came unraveled, leaving at least a million customers unable to access their funds. Bankman-Fried tweeted Friday that he was willing to appear Tuesday

By Peter Valdes-Dapena, CNN Business Subaru is recalling 271,694 SUVs because some of them could catch fire. The company is advising owners of some 2019 to 2022 model year Subaru Ascent SUVs to park them outside, away from garages or other structures, and not to leave the vehicles unattended with the engine running. An electrical

By Oliver Darcy, CNN Business “GMA3” co-anchors T.J. Holmes and Amy Robach will “remain off-air pending the completion of an internal review,” ABC News President Kim Godwin disclosed to network employees in a memo Monday morning. The memo is the first time Godwin has acknowledged to the company the existence of a formal internal probe

By Alicia Wallace, CNN Consumers are expecting inflation to improve in the coming months, according to new survey data from the Federal Reserve Bank of New York. In November, consumers’ median inflation expectations for the next year and three years out were 5.2% and 3%, respectively. That’s down from October’s median expectations of 5.9% and

By Jordan Valinsky, CNN Business Elon Musk joined Dave Chappelle on stage Sunday in San Francisco, home of Twitter’s headquarters where the world’s richest person recently laid off many of its employees. It went about as well as you’d expect. The crowd at the Chase Center loudly booed Musk, who had spent much of the

By Anna Cooban, CNN Nurses in the United Kingdom have reached breaking point. As many as 100,000 members of the Royal College of Nursing will walk out across England, Wales and Northern Ireland on Thursday in the first of two days of strikes this month to protest poor pay and working conditions. They plan to

By Gabe Cohen, CNN Anya Remy is Christmas shopping for her family on a stricter budget than ever before. Remy, a human resources professional in Maryland, has felt the pain of high inflation in recent months. So, she asked her kids to cut down their Christmas lists and has been searching for the best deals.

By Julia Horowitz, CNN Rivian said Monday it would no longer pursue a deal with Mercedes to build electric vans for businesses in Europe. In a statement, CEO RJ Scaringe said the company needed to be strategic about its investments. “At this point in time, we believe focusing on our consumer business, as well as

By Michelle Watson, CNN Dorothy Pitman Hughes, the co-founder of one of the most prominent feminist magazines, has died, according to a funeral home in Georgia and her longtime colleague and friend Gloria Steinem. Hughes, co-founder of Ms. Magazine, died at the age of 84 on December 1 in Tampa, Florida, according to Sconiers Funeral