WASHINGTON (Reuters) - The U.S. Treasury on Thursday reported a $380 billion federal budget deficit for August, a massive shift from the $89 billion surplus in August 2023 that resulted from the reversal of President Joe Biden's student loan forgiveness program. The deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24% increase from...

WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits increased marginally last week, pointing to a still-low level of layoffs even as the labor market slows. Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 230,000 for the week ended Sept. 7, the Labor Department said on Thursday. Economists polled by Reuters had...

WASHINGTON (Reuters) - U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the trend remained consistent with subsiding inflation. The producer price index for final demand rose 0.2% last month, the Labor Department's Bureau of Labor Statistics said on Thursday. Data for July was revised lower to show the PPI being unchanged instead...

WASHINGTON (Reuters) - U.S. bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with considerable uncertainty over what specifics will emerge from the Federal Reserve and other regulators, and the presidential election a looming wild card. The Fed's regulatory chief Michael Barr on Tuesday outlined a plan...