Money

Benton REA donates $20k to local food banks

Prosser, Wash. -- Benton REA has teamed up with CoBank to provide $20,000 worth of food to local families. Benton REA received a $10,000 matching grant from the CoBank Sharing Success program to help provide meals through three organizations within…

Don't forget: the 2020 Census is underway right now

SUITLAND-SILVER HILL, Md. -- An endeavor that only happens once a decade is being overshadowed by national pandemic. The 2020 Census officially kicked off in April. Census results determine how congressional seats are designated along with leadership at the local…

Virus shutdowns cause big spike in Washington jobless claims

OLYMPIA, Wash. (AP) — Washington state was among several states that saw a surge in claims for unemployment benefits as businesses started to temporarily close under state-mandated orders to slow the spread of coronavirus. Numbers released Thursday by the U.S.…

Fear grips Wall Street: Dow tumbles again

(CNN BUSINESS) This week's wild see-saw ride for stocks looks like it will end on a down note. The Dow is tumbling once again as Wall Street returns to coronavirus fear-mode. Stocks opened sharply lower on Friday but were off…

US economy added 273,000 jobs in February

(CNN)-The US economy added 273,000 jobs in February, the US Bureau of Labor Statistics said Friday. This was far more than economists had predicted. Leading the gains were new jobs in health care and social assistance, food services and government,…

Fiscal crunch won't be immediate, budget scorekeeper says

The threat of rising federal deficits has a silver lining: low interest rates. Those low rates, which make Treasury debt less costly, mean Congress has more time to address the nation's fiscal challenges, the head of the Congressional Budget Office told lawmakers Wednesday. "When interest rates are low, as they are today, the cost of not acting is pretty modest," CBO Director Phillip Swagel ...

Fed leaves main rate unchanged, saying policy is appropriate

WASHINGTON - The Federal Reserve kept its key interest rate unchanged, as expected, on Wednesday and continued to signal policy would stay on hold for the time being as the U.S. enters a presidential election year. The target range of the federal funds rate of 1.5% to 1.75% is "appropriate to support sustained expansion of economic activity," the Federal Open Market Committee said, repeating ...