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NJ Spotlight News | $100M to be allocated for clean transportation projects | Season 2021

The PBS NewsHour Business Report discusses several key economic issues. It highlights the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing U.S. debt ceiling negotiations, with a potential default looming if no agreement is reached. Additionally, it touches on the labor market, noting a slight increase in unemployment claims but still robust job growth. The segment concludes with a look at the impact of these economic factors on consumer spending and confidence.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1613501922/ ]