Port strike looms

September 30, 2024

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Welcome to The Hill's Business & Economics Newsletter

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business and economy

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Rick Scott calls for Senate to reconvene to consider Helen disaster relief

Sen. Rick Scott (R-Fla.) on Monday called on the Senate to “immediately reconvene” once the damage assessment is complete so that lawmakers can consider emergency relief measures for the damage caused by Hurricane Helen.

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Powell says the Fed will help banks raise cash in hurricane-hit areas

Federal Reserve Chairman Jerome Powell said Monday that the Fed will help local and regional banks in hurricane-hit areas ensure they have enough cash for their customers during the ongoing emergency. said he could assist.

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Affordability of low-cost housing increases as mortgage rates ease: Report

Lower mortgage rates have made cheaper starter homes more available, a trend further fueled by recent increases in household incomes.

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Upcoming news themes and events we're watching:

Lisa Cook of the Federal Reserve Board is scheduled to speak about that impact at the Technology-Enabled Disruption conference on Tuesday. AI and big dataamong other topics, at 11:10 a.m. ET.

In other news

Let's expand on the day's story.

Progress reported in negotiations between Eastern and Gulf ports and longshoremen as strike looms

NEW YORK (AP) – As strike deadline approaches, unions and representative organizations for 45,000 longshoremen…

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What you need to know

Business and economics news from other news outlets:

Bananas, alcohol, chocolate and cherries are expected to be in short supply. long harbor attack (CNN)
S&P500 posts record close Set win month and quarter limits on Monday (CNBC)
Hurricane Helen hits homeowners already facing Rising insurance premiums (CBS Money)

What other people are reading

Current top articles on The Hill:

Pollsters: Don't be too confident that Trump will outperform our polls

Pollsters cautioned against assuming this poll is prone to the same errors as past polls that underestimated support for former President Trump, saying every election is different and this year's poll It claims that it accurately reflects the competitive nature of the election campaign. read more