A brighter economic outlook has helped push Social Security's projected trust fund depletion date to a year later. But there's still urgency for Congress to act.
The dollar was firm after hotter-than-expected inflation data squashed expectations of the Fed starting its rate-cutting cycle, while the yen languished.
The Biden administration has sent U.S. Treasury officials to Beijing for economic talks that include China's "non-market" policies, a Treasury official said.
The Federal Reserve's interest rate increases may slow economic growth for a decade or more, according to a recent estimate from San Francisco Fed economists.
Between 2018 and 2022, weather and climate disasters cost more than $617 billion in the U.S., a Treasury Department report found.