MoneyWatch

Des Moines, Iowa — The U.S. Department of Agriculture on Friday proposed sweeping changes in the way chicken and turkey meat is processed that are intended to reduce illnesses from food contamination but could require meat companies to make extensive changes to their operations. Despite decades of efforts to try …

Eleven people working for one of the nation’s leading turkey producers have been charged with animal cruelty in Pennsylvania after state police said they were caught on video kicking, stomping and beating turkeys at several farms. The workers were responsible for capturing and crating turkeys destined for slaughter, Pennsylvania State …

America’s current economic woes are eliciting comparisons to the 1980s — another era with sky-high inflation, rising interest rates and jittery financial markets, not to mention a taste for heavy eye makeup. But most Americans today are far worse financially than they were three decades ago, according to a new …

The Biden administration’s plan to cancel up to $20,000 in federal student loan debt for millions of Americans will cost the U.S. about $400 billion over 30 years, according to the nonpartisan agency that conducts economic analyses of government policies.  The extension of the pause on debt repayments will cost …

Medical device sterilization company Sterigenics must pay $363 million to cancer survivor Susan Kamuda, who had claimed that its Illinois plant’s emissions caused her illness, a jury in Cook County ruled. “Just such a relief. What came after that really didn’t matter,” Kamuda said in reference to the jury’s ruling, according to …

Ford is recalling nearly 200,000 large SUVs in the U.S. because the heating and cooling fan motors can fail and catch fire. The recall covers Ford Expeditions and Lincoln Navigators from the 2015 through 2017 model years. The Dearborn, Michigan, company says in government documents that it has reports of …

Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades. Powell acknowledged that the Fed’s continued tightening of credit will cause pain for many households …

American Airlines has put down a nonrefundable deposit for 20 supersonic passenger jets that are still being designed and years away from flying. It’s unclear how long it will take for the planes to be built, let alone ready to take off with commercial passengers aboard, as the aircrafts — …

One of the most gut-tightening phrases for taxpayers is “IRS audit,” but years of underfunding and a decline in staffing at the tax agency have pushed the audit rate to a decade-long low. That could soon change under the Inflation Reduction Act, the bill that proposes to give $80 billion …

A section inside a Google data center experienced an electrical explosion late Monday night, injuring workers in a small town just outside of Omaha, Nebraska.  The explosion at the data center in Council Bluffs, Iowa, caused injuries to three employees, local officials said. “Three workers were accessing an electrical cabinet …