recession

U.S. House Speaker Kevin McCarthy answers questions from reporters at the U.S. Capitol about debt limit talks at the White House, on Wednesday, Feb. 1, 2023. (Photo by Jennifer Shutt/States Newsroom)

Bipartisan group predicts U.S. debt default as soon as summer, depending on tax receipts

BY: - February 22, 2023

WASHINGTON — A bipartisan think tank expects that the United States will default on its debt in the summer or early fall, if Congress doesn’t take action to address the debt limit before then.  The timeline is similar to one the nonpartisan Congressional Budget Office released last week, saying lawmakers have until sometime between July […]

Girl Scout Troop 3458 presents a check to the Food Bank of Northeast Arkansas

Arkansas nonprofits prepare for possible recession, shift in giving

BY: - December 27, 2022

Philanthropic giving remains fairly steady for many Arkansas nonprofits despite continuing inflation and the possibility of a recession.  While several organizations are on track to meet their fundraising goals, some have experienced slight dips in support. But they’re not yet concerned because December is traditionally a busy time for charitable donations. “Whether we step into […]

Federal Reserve Bank Board Chairman Jerome Powell announced Wednesday that the bank is raising interest rates by three-quarters of a percentage point, the sixth increase this year and the fourth time in a row at rates this high. (Chip Somodevilla/Getty Images)

The Fed raises interest rates again, signals more coming despite pressure to slow the pace

BY: - November 2, 2022

The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4%. Federal Reserve Chair Jerome Powell said during a press conference following the announcement that the “historically fast pace” of […]