Will oil force the Fed’s hand?

William McChesney Martin, Jr., the Federal Reserve chairman during the 1950s and 1960s, famously joked that it’s the job of the central bank to „take away the punch bowl just when the party is getting started.”

Americans earning and saving more

Americans earned more than expected in January, thanks to tax changes that boosted income, but consumers chose to add more to their savings at the start of year.

Military health costs up 300%

The cost of military health care, up 300% in the past decade, is eating a giant hole in the Pentagon’s budget, according to a report released Monday by a group of defense experts.

Gas prices surge 17 cents in a week

Gas prices have increased nearly 17 cents a gallon in the past week. And analysts expect prices to continue higher, following a sharp rise in the price of crude oil.

How gas spikes 6 cents in one day

Gas prices spiked 6 cents Friday, the biggest one-day jump in two years, and drivers are probably wondering how prices can rise so much in such a short period of time.

Boeing wins $35 billion contract

The Air Force announced Thursday it awarded a $3.5 billion initial contract to Boeing for the production of 18 next-generation aerial refueling tankers.