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NJ Spotlight News | Business Report: Public-worker health benefits | Season 2022

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Gov. Murphy is urged to use federal COVID-19 relief funds to offset health insurance rise
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 negotiations between the White House and congressional leaders to raise the debt ceiling, emphasizing the potential economic consequences of a default. 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 high inflation on consumer spending and the overall economic outlook.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1667242154/ ]