WASHINGTON (Reuters) - The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID-19 era, as interest on the federal debt topped $1 trillion for the first time and spending grew for the Social Security retirement program, health care and the military, the Treasury Department said on Friday. The deficit for the year ended...

03:32 PM EDT, 10/18/2024 (MT Newswires) -- The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes ( BKR ) , while West Texas Intermediate crude oil slipped below $70 a barrel. The tally for oil rigs rose to 482 from 481, while gas...

(Reuters) - Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation does not stall out above the U.S. central bank's 2% target.     I'm not in a rush to get anywhere, Bostic told the Mississippi Council on Economic Education Forum on American Enterprise in Jackson, Mississippi. We must get...

WASHINGTON (Reuters) - U.S. single-family homebuilding surged to a five-month high in September, but permits for future construction rose only marginally amid excess supply of new homes on the market and prospective buyers holding out for lower mortgage rates. Despite the second straight monthly increase in single-family housing starts, economists expected that residential investment, which includes homebuilding and sales, was...