Biden signs bill raising nation's debt limit until early December

President Joe Biden has signed into law a bill raising the nation’s debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster.

Local businesses hope Biden opening ports 24/7 will ease supply shortages

Major retailers and shipping companies are stepping up operations in hopes of overcoming nationwide supply chain issues affecting businesses and industries. The effects are being felt from major retailers all the way down to local North Texas businesses.

Port of Los Angeles going 24/7 to ease shipping backlog, White House says

The Port of Los Angeles will become a 24-hour, seven-days-a-week operation to help relieve supply chain bottlenecks and move stranded container ships.

North Texas businesses affected by supply, labor shortages

In a pre-pandemic world, Dallas-based chef Meika Johnson was thriving preparing meals for private businesses. But in recent months, she's struggled to find both food and equipment. Now, she's forced to shut down her business, saying she’s spent more searching for products and less time actually making a profit.

Social security annual cost-of-living set to increase in 2022

Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.

Companies hard-pressed for holiday staff despite millions of job openings

Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.

Workshop held to help Dallas County renters, landlords with rental assistance

A workshop for renters and landlords covered the mounds of money available for people behind on their rent after losing wages because of the pandemic. The two groups stood side by side in a place where they are typically squared off with a landlord evicting a tenant: in a justice of the peace courtroom.

Americans quit jobs at highest rate on record in August, Labor Department says

One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.

Amazon to allow employees to work mostly from home indefinitely

Amazon is trying to get their employees back to the workplace by 2022, but with so many offices around the globe, they are leaving that decision to individual teams and their managers.

Nobel prize for economics awarded to 3 in US for societal research

The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”

McConnell warns Biden he won’t help vote to raise debt ceiling in December

“I write to inform you that I will not provide such assistance again if your all-Democrat government drifts into another avoidable crisis,” Senate Minority Leader Mitch McConnell wrote in a letter to President Joe Biden on Friday.

Texas restaurants short 125,000 workers as slow pace of hiring continues

It's been seven months since Texas lifted restaurant capacity restrictions, but some eateries can't open up to 100 percent due to ongoing staffing shortages.

Over 130 countries reach agreement on minimum corporate tax rate

More than 130 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax.

September jobs report: US adds weak 194K jobs as delta maintains hold

U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.

Debt ceiling: Deal reached with GOP on short-term fix, Schumer says

A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.