Seattle, Tacoma rank among worst-run largest cities in U.S., study suggests

Tacoma and Seattle rank among the worst-run largest cities in the U.S., according to data from WalletHub. The report weighs the quality of city services—infrastructure, safety, economy, education, health—against the total budget per capita spent on them.

Washington state revenue forecast up $1.46 billion

Revenue projections for Washington state increased by about $1.46 billion more than expected through the current two-year budget period.

Seattle tax on big businesses upheld by state appeals court

An appellate court judge has upheld Seattle’s payroll tax, affirming a decision made in King County Superior Court last year.

Seattle facing $117 million revenue shortfall in 2023

Seattle is facing a projected $117 million gap between revenues and expected expenditures in 2023, and the city’s budget chief says there’s no easy way to bridge the gap.

Fed raises key interest rate in largest hike since 1994

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.

Biden tells oil refiners: Produce more gas and diesel, fewer profits

In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.

What makes a bear market? Wall Street term explained

Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.

Biden blames pandemic, Putin as high US inflation persists

In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.

US inflation hit 8.6% in May, a new 40-year high

Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.

No, you're not imagining it — package sizes are shrinking, here's why

Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.

Burien ends emergency hazard pay for grocery workers, citing a shift in the pandemic

Burien City Council leaders announced the end of emergency hazard pay for grocery workers on Monday, citing readily available COVID-19 vaccines and boosters as a major turning point in the pandemic.

Seattle considers measures to address gig worker pay, rights

The Seattle City Council will vote Tuesday on the first in a series of policies that would ask app-based companies like food delivery services to improve wages, transparency and other working conditions for gig workers.

Inslee settles lawsuit over building council appointments

Gov. Jay Inslee’s appointments to an obscure regulatory panel have cost Washington state $70,000 in a public records lawsuit settlement — and forced the governor to name new appointees, according to a report from The Seattle Times.